Raymond James Financial Services Advisors Inc. Increases Holdings in Liberty Broadband Corp Series C (NASDAQ:LBRDK)

Raymond James Financial Services Advisors Inc. raised its holdings in shares of Liberty Broadband Corp Series C (NASDAQ:LBRDK) by 111.1% in the first quarter, Holdings Channel reports. The institutional investor owned 6,831 shares of the company’s stock after acquiring an additional 3,595 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Liberty Broadband Corp Series C were worth $627,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. LPL Financial LLC grew its stake in Liberty Broadband Corp Series C by 3.8% during the fourth quarter. LPL Financial LLC now owns 4,172 shares of the company’s stock valued at $301,000 after acquiring an additional 151 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its stake in Liberty Broadband Corp Series C by 4.0% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,160 shares of the company’s stock valued at $300,000 after acquiring an additional 160 shares in the last quarter. Nomura Holdings Inc. grew its stake in Liberty Broadband Corp Series C by 1.0% during the fourth quarter. Nomura Holdings Inc. now owns 16,524 shares of the company’s stock valued at $1,188,000 after acquiring an additional 170 shares in the last quarter. State of Alaska Department of Revenue grew its stake in Liberty Broadband Corp Series C by 1.6% during the first quarter. State of Alaska Department of Revenue now owns 11,229 shares of the company’s stock valued at $1,030,000 after acquiring an additional 174 shares in the last quarter. Finally, Macquarie Group Ltd. grew its stake in Liberty Broadband Corp Series C by 66.7% during the fourth quarter. Macquarie Group Ltd. now owns 500 shares of the company’s stock valued at $36,000 after acquiring an additional 200 shares in the last quarter. 56.86% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have commented on the stock. Zacks Investment Research upgraded shares of Liberty Broadband Corp Series C from a “hold” rating to a “buy” rating and set a $110.00 price objective for the company in a research report on Saturday, May 4th. ValuEngine upgraded shares of Liberty Broadband Corp Series C from a “hold” rating to a “buy” rating in a research report on Thursday, May 9th. TheStreet lowered shares of Liberty Broadband Corp Series C from a “b-” rating to a “c” rating in a research report on Monday, May 13th. Finally, TD Securities increased their price objective on shares of Liberty Broadband Corp Series C from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, March 1st.

Liberty Broadband Corp Series C stock opened at $100.22 on Thursday. The stock has a market capitalization of $18.40 billion, a PE ratio of 263.74 and a beta of 1.32. The company has a debt-to-equity ratio of 0.05, a current ratio of 12.76 and a quick ratio of 12.76. Liberty Broadband Corp Series C has a 12-month low of $68.47 and a 12-month high of $103.17.

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Liberty Broadband Corp Series C Company Profile

Liberty Broadband Corporation, a cable operator, provides video, Internet, and voice services to residential, and small and medium business customers in the United States. The company operates through Skyhook and Charter segments. The Skyhook segment offers Precision Location Solution, a location determination service for mobile device makers, wireless carriers, and asset tracking platforms to understand the precise geographic location and movement of mobile devices, as well as for enhancing the location determination capabilities of a hybrid location system.

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

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