Oppenheimer Asset Management Inc. reduced its position in shares of Liberty Broadband Co. (NASDAQ:LBRDK – Free Report) by 14.5% in the first quarter, HoldingsChannel.com reports. The firm owned 26,249 shares of the company’s stock after selling 4,468 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Liberty Broadband were worth $1,502,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of LBRDK. Whittier Trust Co. lifted its holdings in shares of Liberty Broadband by 17.2% in the fourth quarter. Whittier Trust Co. now owns 4,254 shares of the company’s stock valued at $343,000 after purchasing an additional 624 shares in the last quarter. Chemistry Wealth Management LLC grew its position in Liberty Broadband by 3.2% during the fourth quarter. Chemistry Wealth Management LLC now owns 11,872 shares of the company’s stock worth $957,000 after buying an additional 373 shares in the last quarter. Bellwether Advisors LLC acquired a new stake in Liberty Broadband during the fourth quarter worth about $481,000. SG Americas Securities LLC bought a new position in Liberty Broadband during the fourth quarter worth about $327,000. Finally, Raymond James Financial Services Advisors Inc. lifted its stake in Liberty Broadband by 31.6% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 3,974 shares of the company’s stock worth $320,000 after purchasing an additional 955 shares during the period. 80.22% of the stock is owned by institutional investors.
Liberty Broadband Stock Up 1.5 %
Shares of LBRDK opened at $55.29 on Monday. The stock has a market cap of $7.90 billion, a price-to-earnings ratio of 9.39 and a beta of 1.01. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.41. Liberty Broadband Co. has a 12 month low of $46.46 and a 12 month high of $95.68. The company has a 50-day moving average price of $52.56 and a two-hundred day moving average price of $58.91.
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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