Arrowstreet Capital Limited Partnership Takes Position in Liberty Broadband Corp (LBRDK)
Arrowstreet Capital Limited Partnership purchased a new stake in Liberty Broadband Corp (NASDAQ:LBRDK) in the 4th quarter, HoldingsChannel reports. The fund purchased 7,000 shares of the company’s stock, valued at approximately $596,000.
Other hedge funds also recently modified their holdings of the company. 3G Capital Partners LP bought a new stake in shares of Liberty Broadband during the 3rd quarter valued at about $43,145,000. Rational Advisors LLC bought a new stake in shares of Liberty Broadband during the 4th quarter valued at about $718,000. State of Wisconsin Investment Board boosted its position in shares of Liberty Broadband by 48.5% during the 3rd quarter. State of Wisconsin Investment Board now owns 147,197 shares of the company’s stock valued at $14,028,000 after purchasing an additional 48,090 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Liberty Broadband by 22.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 461,154 shares of the company’s stock valued at $43,948,000 after purchasing an additional 85,671 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of Liberty Broadband by 43.5% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 79,124 shares of the company’s stock valued at $7,541,000 after purchasing an additional 23,988 shares in the last quarter. 54.66% of the stock is owned by institutional investors.
LBRDK has been the topic of several recent research reports. Zacks Investment Research upgraded Liberty Broadband from a “hold” rating to a “strong-buy” rating and set a $107.00 price target on the stock in a report on Saturday, January 20th. TheStreet upgraded Liberty Broadband from a “c” rating to a “b” rating in a report on Tuesday, February 20th. Finally, ValuEngine lowered Liberty Broadband from a “hold” rating to a “sell” rating in a report on Tuesday, February 27th.
Liberty Broadband Corp (NASDAQ:LBRDK) opened at $90.20 on Wednesday. The stock has a market capitalization of $16,236.74, a P/E ratio of 902.09 and a beta of 1.41. The company has a quick ratio of 7.97, a current ratio of 7.97 and a debt-to-equity ratio of 0.05. Liberty Broadband Corp has a fifty-two week low of $80.41 and a fifty-two week high of $104.66.
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Liberty Broadband Company 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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