Cerity Partners LLC acquired a new position in Liberty Broadband Co. (NASDAQ:LBRDA – Get Rating) during the second quarter, according to the company in its most recent filing with the SEC. The fund acquired 2,256 shares of the company’s stock, valued at approximately $241,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Comerica Bank raised its stake in shares of Liberty Broadband by 68.7% in the 1st quarter. Comerica Bank now owns 4,925 shares of the company’s stock valued at $644,000 after purchasing an additional 2,005 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in shares of Liberty Broadband by 40.4% in the 1st quarter. Daiwa Securities Group Inc. now owns 1,648 shares of the company’s stock valued at $216,000 after purchasing an additional 474 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Liberty Broadband by 19.5% in the 1st quarter. SG Americas Securities LLC now owns 11,542 shares of the company’s stock valued at $1,513,000 after purchasing an additional 1,881 shares in the last quarter. State of New Jersey Common Pension Fund D raised its stake in shares of Liberty Broadband by 34.5% in the 1st quarter. State of New Jersey Common Pension Fund D now owns 33,917 shares of the company’s stock valued at $4,445,000 after purchasing an additional 8,692 shares in the last quarter. Finally, Versor Investments LP acquired a new stake in shares of Liberty Broadband in the 1st quarter valued at about $611,000. Institutional investors and hedge funds own 11.17% of the company’s stock.
Wall Street Analyst Weigh In
Separately, Credit Suisse Group dropped their price objective on shares of Liberty Broadband to $175.00 in a research note on Monday, August 15th.
Liberty Broadband Price Performance
Liberty Broadband Profile
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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