Bank of Montreal Can Lowers Stock Position in Liberty Broadband Co. (NASDAQ:LBRDK)

Bank of Montreal Can cut its stake in shares of Liberty Broadband Co. (NASDAQ:LBRDKGet Rating) by 66.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 88,604 shares of the company’s stock after selling 172,016 shares during the period. Bank of Montreal Can owned 0.05% of Liberty Broadband worth $10,287,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of Liberty Broadband by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 12,706,439 shares of the company’s stock valued at $1,719,435,000 after acquiring an additional 48,029 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Liberty Broadband by 0.4% during the 1st quarter. BlackRock Inc. now owns 9,083,321 shares of the company’s stock valued at $1,229,152,000 after acquiring an additional 31,902 shares in the last quarter. Aristeia Capital LLC lifted its holdings in shares of Liberty Broadband by 14.1% during the 1st quarter. Aristeia Capital LLC now owns 6,847,354 shares of the company’s stock valued at $926,584,000 after acquiring an additional 848,476 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Liberty Broadband by 2.0% during the 1st quarter. Principal Financial Group Inc. now owns 5,473,206 shares of the company’s stock valued at $740,634,000 after acquiring an additional 109,761 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Liberty Broadband by 6.9% during the 1st quarter. JPMorgan Chase & Co. now owns 3,377,850 shares of the company’s stock valued at $457,090,000 after acquiring an additional 217,747 shares in the last quarter. 75.65% of the stock is owned by hedge funds and other institutional investors.

Liberty Broadband Price Performance

Shares of NASDAQ:LBRDK opened at $90.02 on Thursday. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.45. Liberty Broadband Co. has a fifty-two week low of $71.70 and a fifty-two week high of $165.14. The firm has a 50-day simple moving average of $81.66 and a 200 day simple moving average of $102.75. The company has a market cap of $13.35 billion, a PE ratio of 10.23 and a beta of 1.08.

Analyst Ratings Changes

Several research firms recently weighed in on LBRDK. Citigroup lifted their target price on shares of Liberty Broadband to $99.00 in a report on Friday, November 4th. StockNews.com lowered shares of Liberty Broadband from a “hold” rating to a “sell” rating in a report on Friday, November 18th. Finally, Morgan Stanley boosted their price objective on shares of 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 issued a buy rating to the company’s stock. Based on data from MarketBeat, Liberty Broadband currently has an average rating of “Hold” and a consensus price target of $151.80.

Liberty Broadband Profile

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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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