Deutsche Bank AG Trims Position in Liberty Broadband Co. (NASDAQ:LBRDK)

Deutsche Bank AG lessened its stake in Liberty Broadband Co. (NASDAQ:LBRDKGet Rating) by 9.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 275,145 shares of the company’s stock after selling 27,840 shares during the period. Deutsche Bank AG owned 0.17% of Liberty Broadband worth $31,818,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in LBRDK. Steward Partners Investment Advisory LLC increased its stake in Liberty Broadband by 112.8% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 1,000 shares of the company’s stock worth $135,000 after buying an additional 530 shares during the period. FDx Advisors Inc. increased its position in Liberty Broadband by 9.7% during the 1st quarter. FDx Advisors Inc. now owns 4,425 shares of the company’s stock valued at $599,000 after purchasing an additional 392 shares during the period. Envestnet Asset Management Inc. increased its position in Liberty Broadband by 1.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 114,711 shares of the company’s stock valued at $15,523,000 after purchasing an additional 1,996 shares during the period. Commonwealth Equity Services LLC increased its position in Liberty Broadband by 207.0% during the 1st quarter. Commonwealth Equity Services LLC now owns 6,328 shares of the company’s stock valued at $856,000 after purchasing an additional 4,267 shares during the period. Finally, Victory Capital Management Inc. increased its position in Liberty Broadband by 0.7% during the 1st quarter. Victory Capital Management Inc. now owns 562,890 shares of the company’s stock valued at $62,942,000 after purchasing an additional 3,772 shares during the period. Hedge funds and other institutional investors own 75.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Citigroup raised their target price on shares of Liberty Broadband to $99.00 in a research report on Friday, November 4th. Morgan Stanley raised their price target on shares of Liberty Broadband from $89.00 to $93.00 and gave the company an “equal weight” rating in a report on Monday, November 7th. Finally, StockNews.com cut shares of Liberty Broadband from a “hold” rating to a “sell” rating in a report on Friday, November 18th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Liberty Broadband has a consensus rating of “Hold” and a consensus price target of $151.80.

Liberty Broadband Stock Up 0.7 %

LBRDK stock opened at $90.02 on Thursday. The firm has a 50 day moving average of $81.66 and a 200 day moving average of $102.75. The stock has a market capitalization of $13.35 billion, a PE ratio of 10.23 and a beta of 1.08. 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 52 week low of $71.70 and a 52 week high of $165.14.

Liberty Broadband Profile

(Get Rating)

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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