Federated Investors Inc. PA reduced its stake in Liberty Broadband Corp (NASDAQ:LBRDA) by 11.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,020 shares of the company’s stock after selling 801 shares during the period. Federated Investors Inc. PA’s holdings in Liberty Broadband Corp were worth $436,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. First New York Securities LLC NY purchased a new position in shares of Liberty Broadband Corp during the third quarter valued at approximately $351,000. Cheyne Capital Management UK LLP bought a new position in Liberty Broadband Corp during the third quarter worth about $5,536,000. Wells Fargo & Company MN raised its position in Liberty Broadband Corp by 29.8% in the third quarter. Wells Fargo & Company MN now owns 132,530 shares of the company’s stock worth $9,299,000 after buying an additional 30,437 shares in the last quarter. First Trust Advisors LP raised its position in Liberty Broadband Corp by 0.3% in the third quarter. First Trust Advisors LP now owns 95,483 shares of the company’s stock worth $6,699,000 after buying an additional 314 shares in the last quarter. Finally, Aperio Group LLC raised its position in Liberty Broadband Corp by 8.2% in the third quarter. Aperio Group LLC now owns 4,186 shares of the company’s stock worth $294,000 after buying an additional 317 shares in the last quarter. Institutional investors own 80.64% of the company’s stock.
Shares of Liberty Broadband Corp (NASDAQ:LBRDA) traded up 0.200% during mid-day trading on Friday, reaching $87.745. The company’s stock had a trading volume of 54,521 shares. The firm has a market capitalization of $15.95 billion, a P/E ratio of 14.624 and a beta of 1.51. Liberty Broadband Corp has a 12 month low of $54.53 and a 12 month high of $88.57. The company has a 50 day moving average of $85.00 and a 200-day moving average of $76.31.
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A number of research analysts recently issued reports on the company. Pivotal Research reduced their price objective on Liberty Broadband Corp from $108.00 to $107.00 and set a “buy” rating for the company in a research report on Wednesday, April 5th. Macquarie upgraded Liberty Broadband Corp from a “neutral” rating to an “outperform” rating and set a $102.00 price objective for the company in a research report on Friday, January 27th. Zacks Investment Research lowered Liberty Broadband Corp from a “hold” rating to a “sell” rating in a research report on Tuesday, April 4th. Telsey Advisory Group boosted their price objective on Liberty Broadband Corp from $85.00 to $95.00 and gave the company an “outperform” rating in a research report on Friday, February 17th. Finally, TheStreet upgraded Liberty Broadband Corp from a “c+” rating to a “b-” rating in a research report on Wednesday, March 8th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Liberty Broadband Corp currently has a consensus rating of “Buy” and an average target price of $87.67.
About Liberty Broadband Corp
Liberty Broadband Corporation holds interest in Charter Communications, Inc (Charter) and its subsidiary Skyhook Holding, Inc (Skyhook). The Company’s segments include Skyhook, Charter, and Corporate and other. Skyhook provides a wireless fidelity (Wi-Fi)-based location platform focused on providing positioning technology and contextual location intelligence solutions.
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