Legal & General Group Plc decreased its holdings in shares of Liberty Broadband Corporation (NASDAQ:LBRDK) by 16.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 491,778 shares of the company’s stock after selling 96,692 shares during the period. Legal & General Group Plc owned 0.32% of Liberty Broadband worth $46,862,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. BlackRock Inc. grew its holdings in shares of Liberty Broadband by 9.3% during the 2nd quarter. BlackRock Inc. now owns 5,960,819 shares of the company’s stock worth $517,099,000 after acquiring an additional 508,748 shares during the period. Janus Henderson Group PLC grew its holdings in shares of Liberty Broadband by 3,636.3% during the 2nd quarter. Janus Henderson Group PLC now owns 491,738 shares of the company’s stock worth $42,658,000 after acquiring an additional 478,577 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Liberty Broadband by 72.4% during the 2nd quarter. Goldman Sachs Group Inc. now owns 978,077 shares of the company’s stock worth $84,849,000 after acquiring an additional 410,879 shares during the period. State of New Jersey Common Pension Fund D purchased a new position in shares of Liberty Broadband during the 3rd quarter worth approximately $30,496,000. Finally, Royal Bank of Canada grew its holdings in shares of Liberty Broadband by 41.4% during the 2nd quarter. Royal Bank of Canada now owns 536,652 shares of the company’s stock worth $46,555,000 after acquiring an additional 157,170 shares during the period. 54.05% of the stock is owned by institutional investors and hedge funds.
Shares of Liberty Broadband Corporation (NASDAQ:LBRDK) opened at $85.19 on Thursday. The company has a debt-to-equity ratio of 0.06, a current ratio of 11.64 and a quick ratio of 11.64. The firm has a market capitalization of $15,962.35, a P/E ratio of 877.80 and a beta of 1.30. Liberty Broadband Corporation has a 52 week low of $71.52 and a 52 week high of $104.66.
A number of research analysts have weighed in on LBRDK shares. Zacks Investment Research downgraded Liberty Broadband from a “hold” rating to a “sell” rating in a report on Friday, October 20th. TheStreet downgraded Liberty Broadband from a “b” rating to a “c+” rating in a report on Wednesday, August 16th.
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Liberty Broadband 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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