Liberty Broadband Corporation $LBRDK Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC reduced its stake in Liberty Broadband Corporation (NASDAQ:LBRDK) by 18.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,830 shares of the company’s stock after selling 1,813 shares during the period. HighTower Advisors LLC’s holdings in Liberty Broadband were worth $666,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Deutsche Bank AG lifted its stake in Liberty Broadband by 125.6% during the fourth quarter. Deutsche Bank AG now owns 3,060,143 shares of the company’s stock valued at $228,776,000 after purchasing an additional 1,703,637 shares during the last quarter. Madison Asset Management LLC lifted its stake in Liberty Broadband by 8.5% during the first quarter. Madison Asset Management LLC now owns 1,781,745 shares of the company’s stock valued at $151,537,000 after purchasing an additional 140,307 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Liberty Broadband by 4.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,019,711 shares of the company’s stock valued at $86,726,000 after purchasing an additional 47,167 shares during the last quarter. Royal Bank of Canada lifted its stake in Liberty Broadband by 33.2% during the fourth quarter. Royal Bank of Canada now owns 908,860 shares of the company’s stock valued at $67,946,000 after purchasing an additional 226,360 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in Liberty Broadband by 7.8% during the fourth quarter. Northern Trust Corp now owns 760,856 shares of the company’s stock valued at $56,882,000 after purchasing an additional 55,045 shares during the last quarter. 80.22% of the stock is owned by institutional investors and hedge funds.

Liberty Broadband Stock Down 2.1%

Shares of NASDAQ:LBRDK opened at $60.49 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60. The company has a market cap of $8.68 billion, a PE ratio of 7.98 and a beta of 0.96. Liberty Broadband Corporation has a 52 week low of $57.91 and a 52 week high of $104.00. The firm has a 50 day simple moving average of $77.93 and a 200 day simple moving average of $83.51.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Liberty Broadband to a “hold” rating in a research note on Saturday, July 12th.

About Liberty Broadband

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.