Sumitomo Mitsui Trust Holdings Inc. Raises Holdings in Liberty Broadband Corp Series C (LBRDK)

Sumitomo Mitsui Trust Holdings Inc. grew its stake in Liberty Broadband Corp Series C (NASDAQ:LBRDK) by 1.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 336,335 shares of the company’s stock after purchasing an additional 6,218 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Liberty Broadband Corp Series C were worth $28,353,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of LBRDK. BlackRock Inc. grew its position in shares of Liberty Broadband Corp Series C by 4.5% in the 2nd quarter. BlackRock Inc. now owns 7,923,496 shares of the company’s stock worth $599,966,000 after buying an additional 340,822 shares during the period. Weitz Investment Management Inc. grew its position in shares of Liberty Broadband Corp Series C by 5.0% in the 2nd quarter. Weitz Investment Management Inc. now owns 2,155,002 shares of the company’s stock worth $163,177,000 after buying an additional 101,740 shares during the period. Janus Henderson Group PLC grew its position in shares of Liberty Broadband Corp Series C by 2,504.3% in the 2nd quarter. Janus Henderson Group PLC now owns 1,702,477 shares of the company’s stock worth $128,912,000 after buying an additional 1,637,104 shares during the period. Bank of America Corp DE grew its position in shares of Liberty Broadband Corp Series C by 65.4% in the 2nd quarter. Bank of America Corp DE now owns 1,058,733 shares of the company’s stock worth $80,168,000 after buying an additional 418,575 shares during the period. Finally, Triple Frond Partners LLC grew its position in shares of Liberty Broadband Corp Series C by 13.3% in the 2nd quarter. Triple Frond Partners LLC now owns 900,000 shares of the company’s stock worth $68,148,000 after buying an additional 105,697 shares during the period. Institutional investors and hedge funds own 57.00% of the company’s stock.

A number of analysts have recently weighed in on the stock. TheStreet raised shares of Liberty Broadband Corp Series C from a “c+” rating to a “b” rating in a research report on Tuesday, November 6th. Zacks Investment Research raised shares of Liberty Broadband Corp Series C from a “hold” rating to a “buy” rating and set a $91.00 target price on the stock in a research report on Thursday, November 1st. Finally, ValuEngine raised shares of Liberty Broadband Corp Series C from a “sell” rating to a “hold” rating in a research report on Thursday, September 27th.

Shares of LBRDK stock opened at $78.40 on Friday. Liberty Broadband Corp Series C has a one year low of $68.33 and a one year high of $99.68. The stock has a market cap of $14.01 billion, a P/E ratio of 772.50 and a beta of 1.23. The company has a current ratio of 9.56, a quick ratio of 9.56 and a debt-to-equity ratio of 0.05.

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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.

See Also: What are Institutional Investors?

Want to see what other hedge funds are holding LBRDK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Liberty Broadband Corp Series C (NASDAQ:LBRDK).

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

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