Principal Financial Group Inc. increased its position in Liberty Broadband Co. (NASDAQ:LBRDA) by 0.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 933,110 shares of the company’s stock after purchasing an additional 3,179 shares during the quarter. Principal Financial Group Inc.’s holdings in Liberty Broadband were worth $147,035,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Parallel Advisors LLC raised its holdings in Liberty Broadband by 35.5% in the 3rd quarter. Parallel Advisors LLC now owns 328 shares of the company’s stock worth $47,000 after purchasing an additional 86 shares during the period. Jeppson Wealth Management LLC purchased a new stake in shares of Liberty Broadband during the third quarter worth about $49,000. Newfound Research LLC boosted its stake in Liberty Broadband by 315.2% in the 4th quarter. Newfound Research LLC now owns 822 shares of the company’s stock worth $130,000 after purchasing an additional 624 shares during the period. Altshuler Shaham Ltd bought a new stake in Liberty Broadband in the 3rd quarter valued at $122,000. Finally, Cohen Klingenstein LLC bought a new position in shares of Liberty Broadband during the 4th quarter valued at about $202,000. 12.08% of the stock is owned by institutional investors.

Shares of NASDAQ:LBRDA opened at $143.52 on Tuesday. The firm has a 50 day moving average of $148.97 and a 200 day moving average of $147.34. The company has a quick ratio of 24.63, a current ratio of 24.63 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $25.62 billion, a price-to-earnings ratio of 116.68 and a beta of 1.08. Liberty Broadband Co. has a 52 week low of $80.14 and a 52 week high of $162.26.

A number of research firms have recently commented on LBRDA. Evercore ISI started coverage on Liberty Broadband in a research report on Thursday, January 7th. They set an “outperform” rating for the company. Zacks Investment Research cut Liberty Broadband from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 18th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $179.25.

In other news, Director John C. Malone sold 145,160 shares of Liberty Broadband stock in a transaction that occurred on Wednesday, December 16th. The shares were sold at an average price of $160.45, for a total value of $23,290,922.00. Following the transaction, the director now owns 2,311,378 shares of the company’s stock, valued at approximately $370,860,600.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 6.32% of the stock is owned by insiders.

Liberty Broadband 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 (NASDAQ:LBRDA)

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