Blair William & Co. IL Takes Position in Liberty Broadband Corporation (NASDAQ:LBRDK)

Blair William & Co. IL acquired a new stake in Liberty Broadband Corporation (NASDAQ:LBRDK) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 4,206 shares of the company’s stock, valued at approximately $358,000.

A number of other hedge funds have also made changes to their positions in LBRDK. Deutsche Bank AG boosted its holdings in shares of Liberty Broadband by 125.6% in the fourth quarter. Deutsche Bank AG now owns 3,060,143 shares of the company’s stock valued at $228,776,000 after acquiring an additional 1,703,637 shares during the period. Madison Asset Management LLC boosted its holdings in shares of Liberty Broadband by 8.5% in the first quarter. Madison Asset Management LLC now owns 1,781,745 shares of the company’s stock valued at $151,537,000 after acquiring an additional 140,307 shares during the period. Makaira Partners LLC boosted its holdings in shares of Liberty Broadband by 219.6% in the fourth quarter. Makaira Partners LLC now owns 1,244,270 shares of the company’s stock valued at $93,022,000 after acquiring an additional 854,954 shares during the period. Adage Capital Partners GP L.L.C. boosted its holdings in shares of Liberty Broadband by 425.3% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 1,231,136 shares of the company’s stock valued at $92,040,000 after acquiring an additional 996,764 shares during the period. Finally, Pentwater Capital Management LP boosted its holdings in shares of Liberty Broadband by 454.0% in the fourth quarter. Pentwater Capital Management LP now owns 1,108,000 shares of the company’s stock valued at $82,834,000 after acquiring an additional 908,000 shares during the period. Hedge funds and other institutional investors own 80.22% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Liberty Broadband to a “hold” rating in a report on Saturday, July 12th.

Liberty Broadband Trading Up 0.9%

Shares of LBRDK stock opened at $58.83 on Tuesday. The business’s 50 day moving average is $86.01 and its two-hundred day moving average is $85.08. Liberty Broadband Corporation has a twelve month low of $57.91 and a twelve month high of $104.00. The company has a market capitalization of $8.43 billion, a P/E ratio of 7.76 and a beta of 0.96. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26.

About Liberty Broadband

Liberty Broadband Corporation engages in the communications businesses. The company's GCI Holdings segment provides data, wireless, video, voice, and managed services to residential customers, businesses, governmental entities, educational, and medical institutions in Alaska under the GCI brand.