United States Steel & Carnegie Pension Fund held its stake in Liberty Broadband Corp (NASDAQ:LBRDA) during the first quarter, Holdings Channel reports. The institutional investor owned 27,794 shares of the company’s stock at the end of the first quarter. United States Steel & Carnegie Pension Fund’s holdings in Liberty Broadband Corp were worth $2,365,000 as of its most recent filing with the SEC.
Other large investors have also recently added to or reduced their stakes in the company. OMERS ADMINISTRATION Corp increased its stake in Liberty Broadband Corp by 228.6% in the third quarter. OMERS ADMINISTRATION Corp now owns 81,500 shares of the company’s stock valued at $5,718,000 after buying an additional 56,700 shares during the period. HighTower Advisors LLC increased its stake in Liberty Broadband Corp by 13.2% in the third quarter. HighTower Advisors LLC now owns 8,924 shares of the company’s stock valued at $623,000 after buying an additional 1,041 shares during the period. Citadel Advisors LLC increased its stake in Liberty Broadband Corp by 265.0% in the third quarter. Citadel Advisors LLC now owns 36,384 shares of the company’s stock valued at $2,553,000 after buying an additional 26,417 shares during the period. Nomura Asset Management Co. Ltd. purchased a new stake in Liberty Broadband Corp during the third quarter valued at $947,000. Finally, Principal Financial Group Inc. increased its stake in Liberty Broadband Corp by 1.1% in the third quarter. Principal Financial Group Inc. now owns 1,149,771 shares of the company’s stock valued at $80,666,000 after buying an additional 12,687 shares during the period. 80.64% of the stock is currently owned by institutional investors.
Shares of Liberty Broadband Corp (NASDAQ:LBRDA) traded up 0.26% on Friday, reaching $87.80. The company had a trading volume of 77,063 shares. Liberty Broadband Corp has a one year low of $54.53 and a one year high of $88.57. The company has a market capitalization of $15.96 billion, a PE ratio of 14.63 and a beta of 1.51. The company’s 50-day moving average is $85.00 and its 200-day moving average is $76.31.
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Several research firms recently weighed in on LBRDA. Pivotal Research cut their price objective on Liberty Broadband Corp from $108.00 to $107.00 and set a “buy” rating on the stock in a report on Wednesday, April 5th. Macquarie raised Liberty Broadband Corp from a “neutral” rating to an “outperform” rating and set a $102.00 price objective on the stock in a report on Friday, January 27th. Zacks Investment Research downgraded Liberty Broadband Corp from a “hold” rating to a “sell” rating in a report on Tuesday, April 4th. Telsey Advisory Group raised their price objective on Liberty Broadband Corp from $85.00 to $95.00 and gave the company an “outperform” rating in a report on Friday, February 17th. Finally, TheStreet raised Liberty Broadband Corp from a “c+” rating to a “b-” rating in a report on Wednesday, March 8th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $87.67.
Liberty Broadband Corp Company Profile
Liberty Broadband Corporation holds interest in Charter Communications, Inc (Charter) and its subsidiary Skyhook Holding, Inc (Skyhook). The Company’s segments include Skyhook, Charter, and Corporate and other. Skyhook provides a wireless fidelity (Wi-Fi)-based location platform focused on providing positioning technology and contextual location intelligence solutions.
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