Kovitz Investment Group Partners LLC Decreases Position in Liberty Broadband Co. (NASDAQ:LBRDA)

Kovitz Investment Group Partners LLC decreased its stake in Liberty Broadband Co. (NASDAQ:LBRDAFree Report) by 25.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,825 shares of the company’s stock after selling 1,938 shares during the period. Kovitz Investment Group Partners LLC’s holdings in Liberty Broadband were worth $530,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Prudential PLC bought a new position in Liberty Broadband during the 1st quarter worth approximately $58,000. MetLife Investment Management LLC acquired a new stake in shares of Liberty Broadband during the 1st quarter worth approximately $61,000. Point72 Middle East FZE acquired a new stake in Liberty Broadband in the 4th quarter valued at approximately $89,000. Citigroup Inc. increased its position in Liberty Broadband by 111.5% in the 2nd quarter. Citigroup Inc. now owns 1,180 shares of the company’s stock valued at $94,000 after acquiring an additional 622 shares during the period. Finally, Franklin Resources Inc. increased its position in Liberty Broadband by 26.6% in the 4th quarter. Franklin Resources Inc. now owns 1,859 shares of the company’s stock valued at $141,000 after acquiring an additional 391 shares during the period. Hedge funds and other institutional investors own 10.14% of the company’s stock.

Liberty Broadband Stock Up 1.9 %

LBRDA opened at $60.99 on Monday. Liberty Broadband Co. has a 12 month low of $59.47 and a 12 month high of $95.61. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.88 and a quick ratio of 1.88. The stock has a market cap of $8.91 billion, a P/E ratio of 13.43 and a beta of 1.06. The stock’s 50 day moving average price is $76.12 and its 200 day moving average price is $84.31.

Liberty Broadband Company Profile

(Free Report)

Liberty Broadband Corporation engages in the communications businesses. The company's GCI Holdings segment provides data, wireless, video, voice, and managed services to residential customers, businesses, governmental entities, educational, and medical institutions in Alaska under the GCI brand.

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

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