Seizert Capital Partners LLC lowered its stake in shares of Liberty Broadband Corp (NASDAQ:LBRDK) by 5.4% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,030,324 shares of the company’s stock after selling 58,893 shares during the period. Liberty Broadband Corp accounts for approximately 3.2% of Seizert Capital Partners LLC’s investment portfolio, making the stock its 4th largest position. Seizert Capital Partners LLC’s holdings in Liberty Broadband Corp were worth $89,020,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in LBRDK. State Street Corp increased its stake in shares of Liberty Broadband Corp by 6.6% in the fourth quarter. State Street Corp now owns 1,911,209 shares of the company’s stock valued at $141,553,000 after buying an additional 118,732 shares in the last quarter. Harris Associates L P increased its stake in shares of Liberty Broadband Corp by 2.6% in the first quarter. Harris Associates L P now owns 1,680,235 shares of the company’s stock valued at $145,172,000 after buying an additional 42,822 shares in the last quarter. BlackRock Fund Advisors increased its stake in shares of Liberty Broadband Corp by 6.0% in the third quarter. BlackRock Fund Advisors now owns 984,260 shares of the company’s stock valued at $70,355,000 after buying an additional 55,668 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Liberty Broadband Corp by 59.2% in the fourth quarter. Franklin Resources Inc. now owns 679,174 shares of the company’s stock valued at $50,307,000 after buying an additional 252,521 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Liberty Broadband Corp by 8.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 619,421 shares of the company’s stock valued at $45,886,000 after buying an additional 45,769 shares in the last quarter. 65.80% of the stock is owned by institutional investors and hedge funds.
Shares of Liberty Broadband Corp (NASDAQ:LBRDK) traded down 0.02% during midday trading on Friday, reaching $83.69. The company had a trading volume of 347,762 shares. The company’s 50-day moving average is $87.36 and its 200-day moving average is $80.65. Liberty Broadband Corp has a 52-week low of $55.05 and a 52-week high of $92.40. The firm has a market cap of $15.22 billion, a P/E ratio of 15.64 and a beta of 1.47.
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Several brokerages recently issued reports on LBRDK. TheStreet downgraded Liberty Broadband Corp from a “b-” rating to a “c+” rating in a research note on Thursday, January 26th. Zacks Investment Research raised Liberty Broadband Corp from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 31st.
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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