California Public Employees Retirement System increased its stake in shares of Liberty Broadband Corp (NASDAQ:LBRDK) by 8.8% in the fourth quarter, HoldingsChannel reports. The firm owned 288,117 shares of the company’s stock after buying an additional 23,319 shares during the quarter. California Public Employees Retirement System’s holdings in Liberty Broadband were worth $24,536,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of LBRDK. Toronto Dominion Bank grew its holdings in Liberty Broadband by 12.4% in the 2nd quarter. Toronto Dominion Bank now owns 1,316 shares of the company’s stock valued at $114,000 after buying an additional 145 shares during the period. Cerebellum GP LLC purchased a new stake in Liberty Broadband in the 4th quarter valued at about $127,000. Advisor Group Inc. grew its holdings in Liberty Broadband by 14.2% in the 2nd quarter. Advisor Group Inc. now owns 1,674 shares of the company’s stock valued at $146,000 after buying an additional 208 shares during the period. Macquarie Group Ltd. grew its holdings in Liberty Broadband by 260.0% in the 2nd quarter. Macquarie Group Ltd. now owns 1,800 shares of the company’s stock valued at $156,000 after buying an additional 1,300 shares during the period. Finally, Massey Quick Simon & CO. LLC purchased a new stake in Liberty Broadband in the 3rd quarter valued at about $172,000. Hedge funds and other institutional investors own 53.73% of the company’s stock.
Separately, Zacks Investment Research upgraded Liberty Broadband from a “hold” rating to a “strong-buy” rating and set a $107.00 price target for the company in a report on Saturday, January 20th.
Shares of Liberty Broadband Corp (NASDAQ:LBRDK) opened at $92.18 on Tuesday. The company has a quick ratio of 7.97, a current ratio of 7.97 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $16,715.46, a PE ratio of 921.89 and a beta of 1.36. Liberty Broadband Corp has a fifty-two week low of $80.41 and a fifty-two week high of $104.66.
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Liberty Broadband Profile
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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