Clearbridge Investments LLC trimmed its position in shares of Liberty Broadband Corp (NASDAQ:LBRDK) by 3.3% in the 4th quarter, HoldingsChannel reports. The firm owned 3,098,835 shares of the company’s stock after selling 106,449 shares during the period. Clearbridge Investments LLC’s holdings in Liberty Broadband were worth $263,897,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. 3G Capital Partners LP acquired a new position in Liberty Broadband during the third quarter worth $43,145,000. Hudson Bay Capital Management LP boosted its stake in Liberty Broadband by 2,861.7% during the fourth quarter. Hudson Bay Capital Management LP now owns 468,448 shares of the company’s stock worth $39,893,000 after buying an additional 452,631 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Liberty Broadband by 257.8% during the fourth quarter. Renaissance Technologies LLC now owns 486,300 shares of the company’s stock worth $41,413,000 after buying an additional 350,384 shares during the last quarter. BlackRock Inc. boosted its stake in Liberty Broadband by 4.3% during the fourth quarter. BlackRock Inc. now owns 7,624,799 shares of the company’s stock worth $649,327,000 after buying an additional 311,170 shares during the last quarter. Finally, Wedge Capital Management L L P NC acquired a new position in Liberty Broadband during the fourth quarter worth $15,229,000. Hedge funds and other institutional investors own 54.11% of the company’s stock.
In related news, Director John E. Welsh III acquired 2,000 shares of the stock in a transaction on Friday, December 22nd. The shares were bought at an average price of $85.50 per share, with a total value of $171,000.00. Following the completion of the purchase, the director now owns 5,000 shares of the company’s stock, valued at approximately $427,500. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 10.80% of the company’s stock.
Liberty Broadband Corp (LBRDK) opened at $89.54 on Friday. The firm has a market capitalization of $16,270.00, a price-to-earnings ratio of 11.05 and a beta of 1.40. The company has a debt-to-equity ratio of 0.05, a quick ratio of 7.97 and a current ratio of 7.97. Liberty Broadband Corp has a 12 month low of $80.41 and a 12 month high of $104.66.
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About Liberty Broadband
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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