Oppenheimer & Co. Inc. Raises Stake in Liberty Broadband Co. (NASDAQ:LBRDK)

Oppenheimer & Co. Inc. grew its holdings in Liberty Broadband Co. (NASDAQ:LBRDKGet Rating) by 6.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,613 shares of the company’s stock after purchasing an additional 167 shares during the period. Oppenheimer & Co. Inc.’s holdings in Liberty Broadband were worth $302,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. Aristeia Capital LLC lifted its stake in Liberty Broadband by 14.1% during the 1st quarter. Aristeia Capital LLC now owns 6,847,354 shares of the company’s stock worth $926,584,000 after acquiring an additional 848,476 shares in the last quarter. Bank of America Corp DE raised its position in Liberty Broadband by 26.0% in the 1st quarter. Bank of America Corp DE now owns 2,714,982 shares of the company’s stock valued at $367,391,000 after purchasing an additional 560,796 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Liberty Broadband by 71.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 899,944 shares of the company’s stock valued at $104,070,000 after acquiring an additional 373,961 shares during the last quarter. Thompson Siegel & Walmsley LLC increased its holdings in shares of Liberty Broadband by 42.7% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 837,776 shares of the company’s stock valued at $96,881,000 after acquiring an additional 250,619 shares during the last quarter. Finally, Rivulet Capital LLC increased its holdings in shares of Liberty Broadband by 80.1% in the 1st quarter. Rivulet Capital LLC now owns 500,450 shares of the company’s stock valued at $67,721,000 after acquiring an additional 222,600 shares during the last quarter. Institutional investors and hedge funds own 75.65% of the company’s stock.

Liberty Broadband Trading Down 2.1 %

Shares of LBRDK opened at $86.26 on Friday. The stock’s 50-day moving average is $82.04 and its two-hundred day moving average is $103.23. The stock has a market cap of $12.79 billion, a PE ratio of 9.80 and a beta of 1.08. Liberty Broadband Co. has a 12 month low of $71.70 and a 12 month high of $167.36. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.02 and a quick ratio of 2.02.

Analysts Set New Price Targets

A number of research firms recently issued reports on LBRDK. StockNews.com downgraded Liberty Broadband from a “hold” rating to a “sell” rating in a research note on Friday. Morgan Stanley raised their price target on Liberty Broadband from $89.00 to $93.00 and gave the company an “equal weight” rating in a report on Monday, November 7th. Finally, Citigroup raised their price target on Liberty Broadband to $99.00 in a report on Friday, November 4th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $151.80.

Liberty Broadband Company Profile

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Liberty Broadband Corporation engages in the communications businesses. It operates through GCI Holdings and Charter segments. The GCI Holdings segment provides a range of wireless, data, video, voice, and managed services to residential customers, businesses, governmental entities, and educational and medical institutions primarily in Alaska under the GCI brand.

See Also

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Institutional Ownership by Quarter for Liberty Broadband (NASDAQ:LBRDK)

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