Wedmont Private Capital Buys New Shares in Liberty Broadband Corporation $LBRDA

Wedmont Private Capital purchased a new stake in Liberty Broadband Corporation (NASDAQ:LBRDA) during the 2nd quarter, Holdings Channel reports. The firm purchased 30,642 shares of the company’s stock, valued at approximately $940,000.

A number of other large investors also recently modified their holdings of the business. AQR Capital Management LLC boosted its position in Liberty Broadband by 35.0% during the first quarter. AQR Capital Management LLC now owns 16,572 shares of the company’s stock valued at $1,409,000 after purchasing an additional 4,298 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Liberty Broadband by 1.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 25,897 shares of the company’s stock worth $2,201,000 after purchasing an additional 319 shares during the last quarter. Empowered Funds LLC bought a new stake in shares of Liberty Broadband during the 1st quarter worth approximately $304,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Liberty Broadband by 4.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 40,796 shares of the company’s stock worth $3,468,000 after purchasing an additional 1,731 shares in the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of Liberty Broadband by 66.2% in the 2nd quarter. Franklin Resources Inc. now owns 615 shares of the company’s stock valued at $60,000 after buying an additional 245 shares during the last quarter. 10.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded shares of Liberty Broadband from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, August 3rd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Liberty Broadband Stock Performance

Shares of NASDAQ:LBRDA opened at $35.99 on Wednesday. Liberty Broadband Corporation has a 52-week low of $26.14 and a 52-week high of $65.40. The company has a market capitalization of $5.16 billion, a P/E ratio of -5.15 and a beta of 0.64. The company has a 50-day simple moving average of $33.84 and a 200 day simple moving average of $39.75. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.09 and a current ratio of 0.09.

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.