VIRGINIA RETIREMENT SYSTEMS ET Al Buys Shares of 3,000 Liberty Broadband Corporation $LBRDK

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Liberty Broadband Corporation (NASDAQ:LBRDK) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,000 shares of the company’s stock, valued at approximately $295,000.

A number of other institutional investors have also recently added to or reduced their stakes in LBRDK. Wealth Enhancement Advisory Services LLC grew its holdings in Liberty Broadband by 6.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 13,701 shares of the company’s stock worth $1,165,000 after acquiring an additional 793 shares during the last quarter. Highland Capital Management LLC bought a new stake in Liberty Broadband during the 1st quarter worth approximately $1,163,000. Amalgamated Bank grew its holdings in Liberty Broadband by 5.8% during the 1st quarter. Amalgamated Bank now owns 6,293 shares of the company’s stock worth $535,000 after acquiring an additional 346 shares during the last quarter. Teacher Retirement System of Texas bought a new stake in Liberty Broadband during the 1st quarter worth approximately $2,666,000. Finally, Resonant Capital Advisors LLC grew its holdings in Liberty Broadband by 3.1% during the 1st quarter. Resonant Capital Advisors LLC now owns 4,197 shares of the company’s stock worth $357,000 after acquiring an additional 126 shares during the last quarter. 80.22% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on LBRDK. Wall Street Zen raised shares of Liberty Broadband to a “hold” rating in a report on Saturday, July 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Liberty Broadband in a report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold”.

Liberty Broadband Trading Up 0.3%

NASDAQ:LBRDK opened at $56.34 on Monday. The firm’s fifty day moving average is $60.90 and its 200-day moving average is $77.34. Liberty Broadband Corporation has a 52 week low of $56.13 and a 52 week high of $104.00. The firm has a market cap of $8.08 billion, a P/E ratio of 7.43 and a beta of 1.01. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60.

Liberty Broadband Profile

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.