State of New Jersey Common Pension Fund D Sells 1,338 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

State of New Jersey Common Pension Fund D lessened its holdings in shares of Liberty Broadband Co. (NASDAQ:LBRDKFree Report) by 1.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 71,828 shares of the company’s stock after selling 1,338 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Liberty Broadband were worth $6,559,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Liberty Broadband by 0.4% during the first quarter. Vanguard Group Inc. now owns 12,706,439 shares of the company’s stock worth $1,719,435,000 after acquiring an additional 48,029 shares during the last quarter. Aristeia Capital LLC raised its stake in shares of Liberty Broadband by 2.6% in the second quarter. Aristeia Capital LLC now owns 6,072,042 shares of the company’s stock valued at $486,431,000 after buying an additional 151,202 shares during the period. Ruane Cunniff & Goldfarb L.P. raised its stake in shares of Liberty Broadband by 43.7% during the 2nd quarter. Ruane Cunniff & Goldfarb L.P. now owns 3,286,361 shares of the company’s stock valued at $263,270,000 after purchasing an additional 999,886 shares during the period. Barclays PLC grew its position in Liberty Broadband by 315.0% during the third quarter. Barclays PLC now owns 2,675,919 shares of the company’s stock worth $244,364,000 after buying an additional 2,031,168 shares in the last quarter. Finally, Dorsal Capital Management LLC boosted its holdings in shares of Liberty Broadband by 108.3% in the 4th quarter. Dorsal Capital Management LLC now owns 2,500,000 shares of the company’s stock worth $190,675,000 after purchasing an additional 1,300,000 shares in the last quarter. 77.27% of the stock is owned by institutional investors and hedge funds.

Liberty Broadband Stock Up 1.8 %

LBRDK stock opened at $62.07 on Tuesday. Liberty Broadband Co. has a one year low of $59.51 and a one year high of $95.68. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.88 and a current ratio of 1.88. The firm’s 50 day moving average price is $75.94 and its 200-day moving average price is $84.25. The firm has a market cap of $9.07 billion, a PE ratio of 13.67 and a beta of 1.03.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. StockNews.com downgraded Liberty Broadband from a “hold” rating to a “sell” rating in a research note on Thursday, November 23rd. Citigroup decreased their price target on Liberty Broadband from $108.00 to $83.00 and set a “buy” rating on the stock in a report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $125.20.

Read Our Latest Stock Report on LBRDK

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.

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

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