Truvvo Partners LLC Takes Position in Liberty Broadband Corp Series C (NASDAQ:LBRDK)

Truvvo Partners LLC acquired a new stake in Liberty Broadband Corp Series C (NASDAQ:LBRDK) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,567 shares of the company’s stock, valued at approximately $685,000. Liberty Broadband Corp Series C accounts for about 0.4% of Truvvo Partners LLC’s investment portfolio, making the stock its 20th biggest position.

Several other institutional investors and hedge funds also recently modified their holdings of the company. M&T Bank Corp raised its position in shares of Liberty Broadband Corp Series C by 2.6% in the second quarter. M&T Bank Corp now owns 4,577 shares of the company’s stock valued at $477,000 after purchasing an additional 116 shares during the period. Norman Fields Gottscho Capital Management LLC raised its position in shares of Liberty Broadband Corp Series C by 1.3% in the second quarter. Norman Fields Gottscho Capital Management LLC now owns 9,995 shares of the company’s stock valued at $1,042,000 after purchasing an additional 130 shares during the period. Allianz Asset Management GmbH raised its position in shares of Liberty Broadband Corp Series C by 3.1% in the second quarter. Allianz Asset Management GmbH now owns 4,847 shares of the company’s stock valued at $505,000 after purchasing an additional 148 shares during the period. Pecaut & CO. bought a new position in shares of Liberty Broadband Corp Series C in the first quarter valued at about $105,000. Finally, Commonwealth Bank of Australia raised its position in shares of Liberty Broadband Corp Series C by 81.5% in the second quarter. Commonwealth Bank of Australia now owns 363 shares of the company’s stock valued at $35,000 after purchasing an additional 163 shares during the period. 56.02% of the stock is currently owned by institutional investors.

Shares of LBRDK stock traded up $0.52 on Friday, hitting $109.14. The company’s stock had a trading volume of 17,266 shares, compared to its average volume of 360,794. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.53 and a current ratio of 2.53. The stock’s 50 day moving average is $102.29 and its 200-day moving average is $99.11. Liberty Broadband Corp Series C has a fifty-two week low of $68.47 and a fifty-two week high of $109.72. The company has a market capitalization of $19.48 billion, a PE ratio of 286.16 and a beta of 1.26.

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

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.

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

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