Sequoia Financial Advisors LLC Takes $213,000 Position in Liberty Broadband Co. (NASDAQ:LBRDK)

Sequoia Financial Advisors LLC acquired a new position in shares of Liberty Broadband Co. (NASDAQ:LBRDKFree Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,331 shares of the company’s stock, valued at approximately $213,000.

Several other institutional investors and hedge funds have also modified their holdings of LBRDK. Barclays PLC lifted its stake in shares of Liberty Broadband by 315.0% in the 3rd quarter. Barclays PLC now owns 2,675,919 shares of the company’s stock valued at $244,364,000 after acquiring an additional 2,031,168 shares during the last quarter. Norges Bank bought a new position in Liberty Broadband in the fourth quarter valued at about $114,084,000. Dorsal Capital Management LLC boosted its stake in shares of Liberty Broadband by 108.3% during the fourth quarter. Dorsal Capital Management LLC now owns 2,500,000 shares of the company’s stock valued at $190,675,000 after purchasing an additional 1,300,000 shares in the last quarter. Ruane Cunniff & Goldfarb L.P. grew its holdings in shares of Liberty Broadband by 43.7% during the second quarter. Ruane Cunniff & Goldfarb L.P. now owns 3,286,361 shares of the company’s stock worth $263,270,000 after purchasing an additional 999,886 shares during the last quarter. Finally, Amundi increased its stake in shares of Liberty Broadband by 89.5% in the fourth quarter. Amundi now owns 1,323,356 shares of the company’s stock valued at $114,550,000 after buying an additional 624,865 shares during the period. 77.27% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on LBRDK shares. Citigroup cut their target price on Liberty Broadband from $108.00 to $83.00 and set a “buy” rating on the stock in a report on Wednesday, February 7th. StockNews.com lowered Liberty Broadband from a “hold” rating to a “sell” rating in a research note on Thursday, November 23rd. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $125.20.

View Our Latest Research Report on LBRDK

Liberty Broadband Trading Up 1.8 %

NASDAQ LBRDK opened at $60.98 on Monday. Liberty Broadband Co. has a 52 week low of $59.51 and a 52 week high of $95.68. The business has a 50 day moving average price of $76.36 and a 200-day moving average price of $84.43. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.44. The company has a market cap of $8.91 billion, a price-to-earnings ratio of 13.43 and a beta of 1.03.

About Liberty Broadband

(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.

See Also

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

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