Massey Quick Simon & CO. LLC Makes New Investment in Liberty Broadband Corp Series C (NASDAQ:LBRDK)

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Massey Quick Simon & CO. LLC acquired a new position in shares of Liberty Broadband Corp Series C (NASDAQ:LBRDK) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 1,197 shares of the company’s stock, valued at approximately $125,000.

A number of other institutional investors have also recently modified their holdings of the business. Private Ocean LLC acquired a new position in shares of Liberty Broadband Corp Series C during the second quarter worth approximately $26,000. Meeder Asset Management Inc. acquired a new position in shares of Liberty Broadband Corp Series C during the second quarter worth approximately $27,000. Ossiam acquired a new position in shares of Liberty Broadband Corp Series C during the second quarter worth approximately $31,000. TRUE Private Wealth Advisors acquired a new position in shares of Liberty Broadband Corp Series C during the second quarter worth approximately $33,000. Finally, Commonwealth Bank of Australia lifted its position in shares of Liberty Broadband Corp Series C by 81.5% during the second quarter. Commonwealth Bank of Australia now owns 363 shares of the company’s stock worth $35,000 after purchasing an additional 163 shares in the last quarter. 54.28% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ LBRDK traded up $1.28 during trading hours on Wednesday, hitting $110.46. The company’s stock had a trading volume of 11,399 shares, compared to its average volume of 622,466. The stock has a fifty day moving average of $106.60 and a 200 day moving average of $101.76. Liberty Broadband Corp Series C has a twelve month low of $68.47 and a twelve month high of $109.72. The firm has a market capitalization of $19.43 billion, a P/E ratio of 290.33 and a beta of 1.25. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 0.05.

Liberty Broadband Corp Series C (NASDAQ:LBRDK) last issued its earnings results on Thursday, August 1st. The company reported $0.07 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.37). Liberty Broadband Corp Series C had a net margin of 504.89% and a return on equity of 0.68%. The firm had revenue of $3.75 million during the quarter. On average, analysts predict that Liberty Broadband Corp Series C will post 1.11 earnings per share for the current year.

LBRDK has been the topic of several analyst reports. BidaskClub upgraded shares of Liberty Broadband Corp Series C from a “hold” rating to a “buy” rating in a report on Wednesday, August 28th. Morgan Stanley increased their price objective on shares of Liberty Broadband Corp Series C from $110.00 to $117.00 and gave the company an “equal weight” rating in a report on Wednesday, July 17th. Zacks Investment Research upgraded shares of Liberty Broadband Corp Series C from a “strong sell” rating to a “hold” rating in a report on Thursday, October 10th. TD Securities upgraded shares of Liberty Broadband Corp Series C from a “hold” rating to a “buy” rating and set a $125.00 price objective on the stock in a report on Friday, August 9th. Finally, Citigroup initiated coverage on shares of Liberty Broadband Corp Series C in a report on Friday, October 4th. They issued a “buy” rating and a $125.00 price objective on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $119.25.

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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