Goldman Sachs Group Inc. decreased its holdings in Liberty Broadband Corp (NASDAQ:LBRDA) by 22.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 22,812 shares of the company’s stock after selling 6,498 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Liberty Broadband were worth $1,940,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. State of Alaska Department of Revenue purchased a new stake in Liberty Broadband during the 4th quarter worth approximately $124,000. First Republic Investment Management Inc. purchased a new stake in Liberty Broadband during the 3rd quarter worth approximately $208,000. GSA Capital Partners LLP purchased a new stake in Liberty Broadband during the 3rd quarter worth approximately $244,000. Vident Investment Advisory LLC purchased a new stake in Liberty Broadband during the 3rd quarter worth approximately $310,000. Finally, Stifel Financial Corp purchased a new stake in Liberty Broadband during the 3rd quarter worth approximately $317,000. 12.74% of the stock is owned by institutional investors.
LBRDA stock opened at $82.88 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 $14,722.59, a PE ratio of 811.90 and a beta of 1.41. Liberty Broadband Corp has a 1 year low of $80.39 and a 1 year high of $104.35.
About Liberty Broadband
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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