Oppenheimer & Co. Inc. lowered its holdings in Liberty Broadband Corp Series C (NASDAQ:LBRDK) by 6.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,676 shares of the company’s stock after selling 175 shares during the period. Oppenheimer & Co. Inc.’s holdings in Liberty Broadband Corp Series C were worth $279,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Advisory Alpha LLC acquired a new position in Liberty Broadband Corp Series C in the 1st quarter valued at approximately $26,000. Private Ocean LLC acquired a new stake in shares of Liberty Broadband Corp Series C during the second quarter worth $26,000. Meeder Asset Management Inc. acquired a new stake in shares of Liberty Broadband Corp Series C during the second quarter worth $27,000. TRUE Private Wealth Advisors acquired a new stake in shares of Liberty Broadband Corp Series C during the second quarter worth $33,000. Finally, Icon Wealth Partners LLC acquired a new stake in shares of Liberty Broadband Corp Series C during the first quarter worth $58,000. 56.02% of the stock is owned by institutional investors.

Several research firms have recently weighed in on LBRDK. Zacks Investment Research cut shares of Liberty Broadband Corp Series C from a “hold” rating to a “sell” rating in a research report on Saturday, July 20th. BidaskClub upgraded shares of Liberty Broadband Corp Series C from a “hold” rating to a “buy” rating in a research report on Wednesday, August 28th. Morgan Stanley increased their price objective on shares of Liberty Broadband Corp Series C from $110.00 to $117.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 17th. ValuEngine cut shares of Liberty Broadband Corp Series C from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, TD Securities upgraded shares of Liberty Broadband Corp Series C from a “hold” rating to a “buy” rating and set a $125.00 price objective for the company in a research report on Friday, August 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $117.33.

Shares of Liberty Broadband Corp Series C stock traded down $0.16 during trading hours on Friday, reaching $108.46. The company’s stock had a trading volume of 7,336 shares, compared to its average volume of 360,794. Liberty Broadband Corp Series C has a one year low of $68.47 and a one year high of $109.72. The company has a market capitalization of $19.48 billion, a P/E ratio of 285.45 and a beta of 1.26. The stock’s fifty day simple moving average is $102.29 and its two-hundred day simple moving average is $99.11. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.53 and a current ratio of 2.53.

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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