Public Employees Retirement System of Ohio Acquires New Position in Liberty Broadband Corporation $LBRDA

Public Employees Retirement System of Ohio acquired a new stake in Liberty Broadband Corporation (NASDAQ:LBRDA) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 33,965 shares of the company’s stock, valued at approximately $1,130,000.

A number of other institutional investors have also modified their holdings of LBRDA. KCM Investment Advisors LLC bought a new position in Liberty Broadband in the first quarter worth approximately $1,589,000. Weitz Investment Management Inc. bought a new stake in Liberty Broadband during the 2nd quarter valued at $4,118,000. Quantinno Capital Management LP lifted its holdings in shares of Liberty Broadband by 47.8% in the 1st quarter. Quantinno Capital Management LP now owns 116,012 shares of the company’s stock worth $5,826,000 after buying an additional 37,519 shares during the period. S&CO Inc. bought a new position in shares of Liberty Broadband during the 2nd quarter worth $2,134,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in shares of Liberty Broadband during the 1st quarter worth $6,278,000. 10.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered shares of Liberty Broadband from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday, August 3rd. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Liberty Broadband Price Performance

Shares of Liberty Broadband stock opened at $35.99 on Wednesday. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.10. The company has a market cap of $5.16 billion, a P/E ratio of -5.15 and a beta of 0.64. The firm’s 50 day moving average price is $33.84 and its 200-day moving average price is $39.75. Liberty Broadband Corporation has a 52-week low of $26.14 and a 52-week high of $65.40.

Liberty Broadband Company Profile

Liberty Broadband Corporation is a holding company primarily focused on investments in broadband businesses, most notably a significant equity interest in Charter Communications, Inc As a shareholder of Charter’s Class A common stock, Liberty Broadband benefits from the growth and operational performance of one of the largest cable and broadband providers in the United States. The company does not operate consumer services directly but instead seeks to enhance shareholder value through its strategic stake and board representation in Charter.

In addition to its Charter position, Liberty Broadband holds an ownership interest in GCI Liberty, Inc, a holding company with interests in an Alaskan telecommunications provider and other media assets.