LB Partners LLC Has $3.75 Million Holdings in Liberty Broadband Corporation $LBRDK

LB Partners LLC lessened its position in Liberty Broadband Corporation (NASDAQ:LBRDK) by 51.2% in the second quarter, HoldingsChannel.com reports. The fund owned 38,075 shares of the company’s stock after selling 40,000 shares during the period. Liberty Broadband comprises about 2.4% of LB Partners LLC’s portfolio, making the stock its 9th biggest holding. LB Partners LLC’s holdings in Liberty Broadband were worth $3,746,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Liberty Broadband in the 2nd quarter valued at about $295,000. Vanguard Personalized Indexing Management LLC grew its position in shares of Liberty Broadband by 8.8% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 15,617 shares of the company’s stock valued at $1,538,000 after acquiring an additional 1,268 shares during the period. KLP Kapitalforvaltning AS grew its position in shares of Liberty Broadband by 1.7% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 24,100 shares of the company’s stock valued at $2,371,000 after acquiring an additional 400 shares during the period. Autumn Glory Partners LLC bought a new position in shares of Liberty Broadband in the 2nd quarter valued at about $223,000. Finally, Plancorp LLC bought a new position in shares of Liberty Broadband in the 2nd quarter valued at about $233,000. Institutional investors own 80.22% of the company’s stock.

Liberty Broadband Stock Performance

NASDAQ LBRDK opened at $58.36 on Monday. The firm has a 50-day moving average of $61.24 and a 200-day moving average of $78.01. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60. The stock has a market cap of $8.37 billion, a PE ratio of 7.70 and a beta of 1.01. Liberty Broadband Corporation has a 52-week low of $57.75 and a 52-week high of $104.00.

Analysts Set New Price Targets

A number of brokerages have recently commented on LBRDK. Wall Street Zen raised shares of Liberty Broadband to a “hold” rating in a research report on Saturday, July 12th. Weiss Ratings restated a “hold (c)” rating on shares of Liberty Broadband in a research note on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold”.

Liberty Broadband Company Profile

Liberty Broadband Corporation engages in the communications businesses. The company's GCI Holdings segment provides data, wireless, video, voice, and managed services to residential customers, businesses, governmental entities, educational, and medical institutions in Alaska under the GCI brand.