Pictet Asset Management SA Trims Stake in Liberty Broadband Co. (NASDAQ:LBRDK)

Pictet Asset Management SA lessened its holdings in shares of Liberty Broadband Co. (NASDAQ:LBRDKGet Rating) by 1.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,501 shares of the company’s stock after selling 568 shares during the period. Pictet Asset Management SA’s holdings in Liberty Broadband were worth $5,377,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. CWM LLC increased its stake in Liberty Broadband by 49.2% in the 2nd quarter. CWM LLC now owns 1,985 shares of the company’s stock worth $230,000 after buying an additional 655 shares during the period. FDx Advisors Inc. increased its position in shares of Liberty Broadband by 14.0% during the second quarter. FDx Advisors Inc. now owns 5,046 shares of the company’s stock worth $584,000 after acquiring an additional 621 shares during the period. Treasurer of the State of North Carolina raised its stake in shares of Liberty Broadband by 9.4% during the second quarter. Treasurer of the State of North Carolina now owns 56,854 shares of the company’s stock valued at $6,575,000 after acquiring an additional 4,886 shares in the last quarter. IFM Investors Pty Ltd boosted its holdings in shares of Liberty Broadband by 9.8% in the first quarter. IFM Investors Pty Ltd now owns 20,609 shares of the company’s stock valued at $2,789,000 after purchasing an additional 1,845 shares during the period. Finally, National Bank of Canada FI boosted its holdings in shares of Liberty Broadband by 13.4% in the first quarter. National Bank of Canada FI now owns 123,403 shares of the company’s stock valued at $16,697,000 after purchasing an additional 14,542 shares during the period. Institutional investors own 75.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. StockNews.com lowered shares of Liberty Broadband from a “hold” rating to a “sell” rating in a research note on Friday. Citigroup lifted their price objective on shares of Liberty Broadband to $99.00 in a report on Friday, November 4th. Finally, Morgan Stanley upped their target price on Liberty Broadband from $89.00 to $93.00 and gave the stock an “equal weight” rating in a report on Monday, November 7th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Liberty Broadband currently has an average rating of “Hold” and a consensus target price of $151.80.

Liberty Broadband Trading Down 2.1 %

NASDAQ:LBRDK opened at $86.26 on Friday. The stock has a market capitalization of $12.79 billion, a price-to-earnings ratio of 9.80 and a beta of 1.08. Liberty Broadband Co. has a 52 week low of $71.70 and a 52 week high of $167.36. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.45. The firm has a 50 day moving average of $82.04 and a 200 day moving average of $103.18.

Liberty Broadband Profile

(Get Rating)

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.

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

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