State Street Corp boosted its holdings in shares of Liberty Broadband Corp Series C (NASDAQ:LBRDK) by 2.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 2,305,770 shares of the company’s stock after buying an additional 48,161 shares during the quarter. State Street Corp’s holdings in Liberty Broadband Corp Series C were worth $241,345,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in LBRDK. Norman Fields Gottscho Capital Management LLC boosted its stake in shares of Liberty Broadband Corp Series C by 1.0% during the 3rd quarter. Norman Fields Gottscho Capital Management LLC now owns 10,095 shares of the company’s stock worth $1,057,000 after acquiring an additional 100 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its position in shares of Liberty Broadband Corp Series C by 33.3% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 420 shares of the company’s stock valued at $44,000 after acquiring an additional 105 shares during the period. M&T Bank Corp increased its stake in shares of Liberty Broadband Corp Series C by 2.6% in the 2nd quarter. M&T Bank Corp now owns 4,577 shares of the company’s stock worth $477,000 after purchasing an additional 116 shares in the last quarter. Allianz Asset Management GmbH increased its stake in shares of Liberty Broadband Corp Series C by 3.1% in the 2nd quarter. Allianz Asset Management GmbH now owns 4,847 shares of the company’s stock worth $505,000 after purchasing an additional 148 shares in the last quarter. Finally, Commonwealth Bank of Australia raised its holdings in Liberty Broadband Corp Series C by 81.5% in the 2nd quarter. Commonwealth Bank of Australia now owns 363 shares of the company’s stock worth $35,000 after purchasing an additional 163 shares during the period. Institutional investors own 54.01% of the company’s stock.

Shares of NASDAQ LBRDK opened at $119.33 on Wednesday. The stock has a market cap of $21.66 billion, a PE ratio of 314.03 and a beta of 1.26. Liberty Broadband Corp Series C has a 1 year low of $68.47 and a 1 year high of $121.82. The firm has a fifty day moving average price of $116.43 and a 200-day moving average price of $106.73. The company has a debt-to-equity ratio of 0.05, a current ratio of 8.04 and a quick ratio of 8.04.

In related news, CEO Gregory B. Maffei sold 138,728 shares of Liberty Broadband Corp Series C stock in a transaction on 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 is available at the SEC website. 10.80% of the stock is currently owned by insiders.

Several equities analysts recently weighed in on the company. ValuEngine downgraded 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 raised their price objective on Liberty Broadband Corp Series C from $125.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Citigroup initiated coverage on Liberty Broadband Corp Series C in a research report on Friday, October 4th. They set a “buy” rating and a $125.00 price objective on the stock. Finally, BidaskClub upgraded Liberty Broadband Corp Series C from a “hold” rating to a “buy” rating in a research note on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $121.75.

About Liberty Broadband Corp Series C

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.

Further Reading: S&P/TSX Index

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

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