Wealthfront Advisers LLC Sells 1,659 Shares of Liberty Broadband Corporation $LBRDK

Wealthfront Advisers LLC reduced its stake in shares of Liberty Broadband Corporation (NASDAQ:LBRDK) by 2.1% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 78,168 shares of the company’s stock after selling 1,659 shares during the period. Wealthfront Advisers LLC owned about 0.05% of Liberty Broadband worth $7,690,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of LBRDK. SouthState Corp purchased a new stake in Liberty Broadband in the 1st quarter valued at $25,000. Fortitude Family Office LLC purchased a new stake in shares of Liberty Broadband in the second quarter valued at about $48,000. Vestor Capital LLC bought a new position in shares of Liberty Broadband during the first quarter valued at about $44,000. GAMMA Investing LLC boosted its holdings in Liberty Broadband by 39.2% during the second quarter. GAMMA Investing LLC now owns 589 shares of the company’s stock worth $58,000 after purchasing an additional 166 shares during the last quarter. Finally, eCIO Inc. bought a new stake in Liberty Broadband in the 1st quarter worth about $99,000. Institutional investors own 80.22% of the company’s stock.

Liberty Broadband Price Performance

Liberty Broadband stock opened at $56.52 on Tuesday. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26. The business’s 50 day simple moving average is $60.80 and its 200 day simple moving average is $77.18. Liberty Broadband Corporation has a 12 month low of $56.13 and a 12 month high of $104.00. The company has a market cap of $8.11 billion, a price-to-earnings ratio of 7.46 and a beta of 1.01.

Analyst Upgrades and Downgrades

LBRDK has been the topic of several recent analyst reports. Wall Street Zen raised shares of Liberty Broadband to a “hold” rating in a research report on Saturday, July 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Liberty Broadband in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Liberty Broadband presently has an average rating of “Hold”.

Liberty Broadband Company 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.