Liberty Broadband Corp Series C (NASDAQ:LBRDK) Shares Sold by Scharf Investments LLC

Scharf Investments LLC decreased its stake in Liberty Broadband Corp Series C (NASDAQ:LBRDK) by 4.9% in the 2nd quarter, Holdings Channel reports. The firm owned 722,030 shares of the company’s stock after selling 37,346 shares during the quarter. Liberty Broadband Corp Series C accounts for approximately 3.0% of Scharf Investments LLC’s portfolio, making the stock its 17th biggest position. Scharf Investments LLC’s holdings in Liberty Broadband Corp Series C were worth $75,250,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Raymond James & Associates lifted its stake in shares of Liberty Broadband Corp Series C by 14.4% in the first quarter. Raymond James & Associates now owns 314,962 shares of the company’s stock valued at $28,895,000 after purchasing an additional 39,721 shares during the period. State Board of Administration of Florida Retirement System raised its position in Liberty Broadband Corp Series C by 13.3% during the second quarter. State Board of Administration of Florida Retirement System now owns 137,768 shares of the company’s stock worth $14,358,000 after acquiring an additional 16,140 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in Liberty Broadband Corp Series C by 4.0% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 403,250 shares of the company’s stock worth $42,027,000 after acquiring an additional 15,458 shares during the last quarter. Allen Operations LLC acquired a new position in Liberty Broadband Corp Series C during the second quarter worth about $4,300,000. Finally, Great West Life Assurance Co. Can raised its position in Liberty Broadband Corp Series C by 0.4% during the first quarter. Great West Life Assurance Co. Can now owns 49,515 shares of the company’s stock worth $4,528,000 after acquiring an additional 192 shares during the last quarter. Hedge funds and other institutional investors own 56.02% of the company’s stock.

A number of equities analysts have issued reports on the stock. TD Securities upgraded shares of Liberty Broadband Corp Series C from a “hold” rating to a “buy” rating and set a $125.00 target price for the company in a research report on Friday, August 9th. Morgan Stanley lifted their target price on shares of Liberty Broadband Corp Series C from $110.00 to $117.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 17th. BidaskClub upgraded shares of Liberty Broadband Corp Series C from a “hold” rating to a “buy” rating in a research report on Wednesday, August 28th. Zacks Investment Research cut shares of Liberty Broadband Corp Series C from a “hold” rating to a “sell” rating in a research report on Saturday, July 20th. Finally, ValuEngine cut shares of Liberty Broadband Corp Series C from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $117.33.

LBRDK traded up $0.52 during midday trading on Friday, reaching $109.14. 17,266 shares of the company’s stock were exchanged, compared to its average volume of 360,794. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.53 and a quick ratio of 2.53. The stock has a market capitalization of $19.48 billion, a PE ratio of 286.16 and a beta of 1.26. The business’s 50-day moving average price is $102.29 and its 200 day moving average price is $99.11. Liberty Broadband Corp Series C has a 1-year low of $68.47 and a 1-year high of $109.72.

Liberty Broadband Corp Series C Profile

Liberty Broadband Corporation, a cable operator, provides video, Internet, and voice services to residential, and small and medium business customers in the United States. The company 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 understand the precise geographic location and movement of mobile devices, as well as for 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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