California Public Employees Retirement System cut its position in Liberty Broadband Co. (NASDAQ:LBRDK – Free Report) by 75.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 184,812 shares of the company’s stock after selling 564,541 shares during the quarter. California Public Employees Retirement System owned about 0.13% of Liberty Broadband worth $14,805,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the company. Milestone Investment Advisors LLC bought a new position in shares of Liberty Broadband during the 1st quarter worth approximately $51,000. FNY Investment Advisers LLC raised its position in shares of Liberty Broadband by 230.0% in the second quarter. FNY Investment Advisers LLC now owns 660 shares of the company’s stock valued at $52,000 after purchasing an additional 460 shares during the period. Van ECK Associates Corp acquired a new stake in shares of Liberty Broadband during the 2nd quarter worth about $69,000. Global Retirement Partners LLC boosted its holdings in shares of Liberty Broadband by 767.6% during the 1st quarter. Global Retirement Partners LLC now owns 963 shares of the company’s stock worth $79,000 after buying an additional 852 shares during the period. Finally, Bessemer Group Inc. grew its stake in Liberty Broadband by 423.4% in the 4th quarter. Bessemer Group Inc. now owns 1,230 shares of the company’s stock valued at $93,000 after buying an additional 995 shares during the last quarter. 77.27% of the stock is currently owned by institutional investors and hedge funds.
Liberty Broadband Trading Up 1.2 %
LBRDK opened at $84.35 on Tuesday. The stock has a market capitalization of $12.32 billion, a price-to-earnings ratio of 18.58 and a beta of 1.16. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.44. Liberty Broadband Co. has a twelve month low of $68.67 and a twelve month high of $96.88. The company has a 50-day simple moving average of $88.56 and a 200 day simple moving average of $84.89.
Wall Street Analysts Forecast Growth
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.
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