Public Employees Retirement System of Ohio Takes $1.13 Million 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 disclosure with the Securities and Exchange Commission. The firm acquired 33,965 shares of the company’s stock, valued at approximately $1,130,000.

Other large investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its stake in Liberty Broadband by 114.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 602 shares of the company’s stock valued at $30,000 after purchasing an additional 321 shares in the last quarter. Comerica Bank grew its holdings in shares of Liberty Broadband by 104.2% during the fourth quarter. Comerica Bank now owns 1,027 shares of the company’s stock valued at $50,000 after buying an additional 524 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Liberty Broadband by 66.2% during the second 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. Federation des caisses Desjardins du Quebec increased its position in shares of Liberty Broadband by 22.0% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,377 shares of the company’s stock valued at $66,000 after acquiring an additional 248 shares during the period. Finally, Parallel Advisors LLC raised its stake in Liberty Broadband by 388.4% in the 1st quarter. Parallel Advisors LLC now owns 2,154 shares of the company’s stock worth $108,000 after acquiring an additional 1,713 shares during the last quarter. Hedge funds and other institutional investors own 10.29% of the company’s stock.

Liberty Broadband Stock Performance

NASDAQ LBRDA opened at $35.99 on Wednesday. The company has a market capitalization of $5.16 billion, a PE ratio of -5.15 and a beta of 0.64. The company has a fifty day moving average of $33.84 and a 200 day moving average of $39.75. Liberty Broadband Corporation has a 1 year low of $26.14 and a 1 year high of $65.40. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.09 and a quick ratio of 0.09.

Wall Street Analysts Forecast Growth

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

Liberty Broadband 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.