Charles Schwab Investment Management Inc. Purchases 47,167 Shares of Liberty Broadband Corporation (NASDAQ:LBRDK)

Charles Schwab Investment Management Inc. grew its position in Liberty Broadband Corporation (NASDAQ:LBRDK) by 4.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,019,711 shares of the company’s stock after purchasing an additional 47,167 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.71% of Liberty Broadband worth $86,726,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vestor Capital LLC bought a new position in Liberty Broadband during the first quarter worth $44,000. Continuum Advisory LLC bought a new position in Liberty Broadband during the first quarter worth $58,000. Quarry LP increased its position in Liberty Broadband by 131.6% during the fourth quarter. Quarry LP now owns 836 shares of the company’s stock worth $62,000 after acquiring an additional 475 shares during the period. Versant Capital Management Inc increased its holdings in Liberty Broadband by 171.6% in the 1st quarter. Versant Capital Management Inc now owns 1,657 shares of the company’s stock valued at $141,000 after buying an additional 1,047 shares during the period. Finally, CWM LLC increased its holdings in Liberty Broadband by 6.4% in the 1st quarter. CWM LLC now owns 2,309 shares of the company’s stock valued at $196,000 after buying an additional 138 shares during the period. Institutional investors own 80.22% of the company’s stock.

Analyst Ratings Changes

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

Liberty Broadband Trading Up 1.9%

Shares of Liberty Broadband stock opened at $59.92 on Wednesday. The firm has a market capitalization of $8.59 billion, a PE ratio of 7.91 and a beta of 0.96. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60. The company’s fifty day moving average price is $85.34 and its two-hundred day moving average price is $84.90. Liberty Broadband Corporation has a 52-week low of $57.91 and a 52-week high of $104.00.

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.