Public Employees Retirement Association of Colorado raised its stake in Liberty Broadband Corp (NASDAQ:LBRDK) by 4.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,189 shares of the company’s stock after buying an additional 663 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Liberty Broadband were worth $1,464,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of LBRDK. Dimensional Fund Advisors LP lifted its position in shares of Liberty Broadband by 7.7% during the third quarter. Dimensional Fund Advisors LP now owns 776,876 shares of the company’s stock worth $74,031,000 after purchasing an additional 55,404 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Liberty Broadband by 22.8% during the third quarter. Bank of New York Mellon Corp now owns 461,154 shares of the company’s stock worth $43,948,000 after purchasing an additional 85,671 shares in the last quarter. 3G Capital Partners LP acquired a new stake in shares of Liberty Broadband during the third quarter worth about $43,145,000. State of New Jersey Common Pension Fund D acquired a new stake in shares of Liberty Broadband during the third quarter worth about $30,496,000. Finally, Schwab Charles Investment Management Inc. lifted its position in shares of Liberty Broadband by 8.2% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 277,467 shares of the company’s stock worth $23,630,000 after purchasing an additional 20,931 shares in the last quarter. 54.12% of the stock is currently owned by institutional investors.
Shares of Liberty Broadband Corp (NASDAQ:LBRDK) opened at $92.18 on Friday. The stock has a market cap of $16,762.47, a PE ratio of 921.80 and a beta of 1.36. Liberty Broadband Corp has a 1 year low of $80.41 and a 1 year high of $104.66. The company has a debt-to-equity ratio of 0.05, a quick ratio of 11.64 and a current ratio of 7.97.
Separately, Zacks Investment Research raised shares of Liberty Broadband from a “hold” rating to a “strong-buy” rating and set a $107.00 price target on the stock in a research report on Saturday, January 20th.
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Liberty Broadband Profile
Liberty Broadband Corporation holds interest in Charter Communications, Inc (Charter) and its subsidiary Skyhook Holding, Inc (Skyhook). The Company’s segments include Skyhook, Charter, and Corporate and other. Skyhook provides a wireless fidelity (Wi-Fi)-based location platform focused on providing positioning technology and contextual location intelligence solutions.
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