Liberty Broadband Corp Series C (NASDAQ:LBRDK) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $91.04 and last traded at $90.86, with a volume of 12904 shares traded. The stock had previously closed at $89.97.

Several brokerages have issued reports on LBRDK. TD Securities upped their target price on Liberty Broadband Corp Series C from $105.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. TheStreet raised Liberty Broadband Corp Series C from a “c+” rating to a “b-” rating in a research note on Thursday, January 31st. Finally, Zacks Investment Research lowered Liberty Broadband Corp Series C from a “hold” rating to a “sell” rating in a research note on Saturday, January 19th.

The company has a market capitalization of $16.32 billion, a PE ratio of 241.21 and a beta of 1.40. The company has a quick ratio of 10.33, a current ratio of 10.33 and a debt-to-equity ratio of 0.05.

A number of hedge funds have recently made changes to their positions in LBRDK. Macquarie Group Ltd. raised its holdings in shares of 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. Financial Architects Inc raised its holdings in shares of Liberty Broadband Corp Series C by 137.5% during the fourth quarter. Financial Architects Inc now owns 950 shares of the company’s stock valued at $68,000 after acquiring an additional 550 shares in the last quarter. Princeton Global Asset Management LLC bought a new position in shares of Liberty Broadband Corp Series C during the fourth quarter valued at approximately $70,000. Enlightenment Research LLC bought a new position in shares of Liberty Broadband Corp Series C during the fourth quarter valued at approximately $86,000. Finally, QS Investors LLC raised its holdings in shares of Liberty Broadband Corp Series C by 21,666.7% during the fourth quarter. QS Investors LLC now owns 1,306 shares of the company’s stock valued at $95,000 after acquiring an additional 1,300 shares in the last quarter. Hedge funds and other institutional investors own 56.70% of the company’s stock.

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About Liberty Broadband Corp Series C (NASDAQ:LBRDK)

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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