Hound Partners LLC increased its stake in Liberty Broadband Corp (NASDAQ:LBRDA) by 0.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 259,160 shares of the company’s stock after acquiring an additional 674 shares during the quarter. Liberty Broadband accounts for about 0.6% of Hound Partners LLC’s portfolio, making the stock its 19th largest position. Hound Partners LLC’s holdings in Liberty Broadband were worth $22,042,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of LBRDA. State Street Corp increased its stake in shares of Liberty Broadband by 1.3% in the second quarter. State Street Corp now owns 308,683 shares of the company’s stock worth $26,478,000 after buying an additional 3,975 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Liberty Broadband by 7.6% in the second quarter. The Manufacturers Life Insurance Company now owns 5,681 shares of the company’s stock worth $487,000 after buying an additional 399 shares during the last quarter. CIBC Asset Management Inc increased its stake in shares of Liberty Broadband by 62.2% in the third quarter. CIBC Asset Management Inc now owns 7,103 shares of the company’s stock worth $669,000 after buying an additional 2,724 shares during the last quarter. New York State Common Retirement Fund increased its stake in shares of Liberty Broadband by 4.5% in the third quarter. New York State Common Retirement Fund now owns 57,600 shares of the company’s stock worth $5,425,000 after buying an additional 2,500 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of Liberty Broadband by 50.6% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 29,452 shares of the company’s stock worth $2,774,000 after buying an additional 9,895 shares during the last quarter. Institutional investors and hedge funds own 12.77% of the company’s stock.
In other news, Director John E. Welsh III purchased 2,000 shares of Liberty Broadband stock in a transaction dated Friday, December 22nd. The stock was bought at an average price of $85.50 per share, with a total value of $171,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 6.09% of the company’s stock.
Liberty Broadband Corp (NASDAQ:LBRDA) opened at $89.35 on Wednesday. The company has a market cap of $16,597.59, a price-to-earnings ratio of 915.30 and a beta of 1.42. The company has a quick ratio of 7.97, a current ratio of 7.97 and a debt-to-equity ratio of 0.05. Liberty Broadband Corp has a 1-year low of $80.39 and a 1-year high of $104.35.
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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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