Fmr LLC Has $108.66 Million Stake in Liberty Broadband Corp Series C (LBRDK)

Fmr LLC reduced its position in Liberty Broadband Corp Series C (NASDAQ:LBRDK) by 11.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,435,067 shares of the company’s stock after selling 186,424 shares during the quarter. Fmr LLC owned about 0.79% of Liberty Broadband Corp Series C worth $108,663,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in LBRDK. IFM Investors Pty Ltd bought a new stake in Liberty Broadband Corp Series C during the second quarter valued at approximately $276,000. Xact Kapitalforvaltning AB lifted its position in Liberty Broadband Corp Series C by 9.8% during the second quarter. Xact Kapitalforvaltning AB now owns 11,729 shares of the company’s stock valued at $888,000 after purchasing an additional 1,042 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in Liberty Broadband Corp Series C by 13.8% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 37,345 shares of the company’s stock valued at $2,828,000 after purchasing an additional 4,525 shares during the last quarter. Bank of Montreal Can lifted its position in Liberty Broadband Corp Series C by 66.7% during the second quarter. Bank of Montreal Can now owns 2,999 shares of the company’s stock valued at $226,000 after purchasing an additional 1,200 shares during the last quarter. Finally, OTA Financial Group L.P. bought a new stake in Liberty Broadband Corp Series C during the second quarter valued at approximately $7,835,000. Institutional investors own 57.26% of the company’s stock.

Several brokerages have issued reports on LBRDK. TheStreet upgraded shares of Liberty Broadband Corp Series C from a “c+” rating to a “b” rating in a research report on Tuesday. ValuEngine upgraded shares of Liberty Broadband Corp Series C from a “sell” rating to a “hold” rating in a research report on Thursday, September 27th. Finally, Zacks Investment Research upgraded shares of Liberty Broadband Corp Series C from a “hold” rating to a “buy” rating and set a $91.00 target price for the company in a research report on Thursday, November 1st.

Shares of Liberty Broadband Corp Series C stock opened at $83.27 on Friday. Liberty Broadband Corp Series C has a 1 year low of $68.33 and a 1 year high of $99.68. The company has a market cap of $15.05 billion, a price-to-earnings ratio of 830.00 and a beta of 1.23. The company has a debt-to-equity ratio of 0.05, a current ratio of 9.56 and a quick ratio of 9.56.

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About Liberty Broadband Corp Series C

Liberty Broadband Corporation, a cable operator, provides video, Internet, and voice services to residential and commercial customers in the United States. It operates through Skyhook and Charter segments. The Skyhook segment offers Precision Location Solution, a location determination service for mobile device makers, wireless carriers, and asset tracking platforms to understanding the precise geographic location and movement of mobile devices; enhancing the location determination capabilities of a hybrid location system.

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Institutional Ownership by Quarter for Liberty Broadband Corp Series C (NASDAQ:LBRDK)

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