Liberty Broadband Corp Series C (NASDAQ:LBRDK) Shares Sold by Rothschild & Co Wealth Management UK Ltd

Rothschild & Co Wealth Management UK Ltd lowered its stake in shares of Liberty Broadband Corp Series C (NASDAQ:LBRDK) by 0.6% during the third quarter, Holdings Channel reports. The institutional investor owned 693,456 shares of the company’s stock after selling 4,529 shares during the period. Liberty Broadband Corp Series C comprises about 1.8% of Rothschild & Co Wealth Management UK Ltd’s portfolio, making the stock its 14th biggest position. Rothschild & Co Wealth Management UK Ltd’s holdings in Liberty Broadband Corp Series C were worth $72,584,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC grew its holdings in Liberty Broadband Corp Series C by 359.3% in the third quarter. Steward Partners Investment Advisory LLC now owns 248 shares of the company’s stock valued at $25,000 after purchasing an additional 194 shares during the last quarter. Private Ocean LLC purchased a new position in Liberty Broadband Corp Series C during the 2nd quarter valued at about $26,000. Meeder Asset Management Inc. purchased a new position in Liberty Broadband Corp Series C during the 2nd quarter valued at about $27,000. Ossiam acquired a new position in Liberty Broadband Corp Series C during the second quarter worth about $31,000. Finally, TRUE Private Wealth Advisors acquired a new position in Liberty Broadband Corp Series C during the second quarter worth about $33,000. 54.01% of the stock is currently owned by hedge funds and other institutional investors.

In other Liberty Broadband Corp Series C news, CEO Gregory B. Maffei sold 138,728 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $116.06, for a total transaction of $16,100,771.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 10.80% of the stock is owned by company insiders.

Several analysts have recently commented on LBRDK shares. ValuEngine lowered shares of Liberty Broadband Corp Series C from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Zacks Investment Research upgraded Liberty Broadband Corp Series C from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 10th. TD Securities upped their target price on Liberty Broadband Corp Series C from $125.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Citigroup began coverage on Liberty Broadband Corp Series C in a report on Friday, October 4th. They set a “buy” rating and a $125.00 target price on the stock. Finally, BidaskClub upgraded Liberty Broadband Corp Series C from a “hold” rating to a “buy” rating in a report on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $121.75.

LBRDK stock traded down $0.77 during trading on Tuesday, hitting $118.50. The stock had a trading volume of 9,045 shares, compared to its average volume of 624,150. The company’s 50 day moving average price is $116.19 and its two-hundred day moving average price is $106.63. Liberty Broadband Corp Series C has a 1-year low of $68.47 and a 1-year high of $121.82. The stock has a market cap of $21.69 billion, a price-to-earnings ratio of 312.11 and a beta of 1.26. The company has a debt-to-equity ratio of 0.05, a quick ratio of 8.04 and a current ratio of 8.04.

Liberty Broadband Corp Series C 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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