California State Teachers Retirement System Purchases 26,514 Shares of Liberty Broadband Corporation $LBRDK

California State Teachers Retirement System increased its position in Liberty Broadband Corporation (NASDAQ:LBRDK) by 23.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 138,800 shares of the company’s stock after purchasing an additional 26,514 shares during the period. California State Teachers Retirement System’s holdings in Liberty Broadband were worth $6,982,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Integrated Wealth Concepts LLC boosted its holdings in shares of Liberty Broadband by 4.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 4,092 shares of the company’s stock valued at $348,000 after buying an additional 174 shares in the last quarter. Mariner LLC boosted its position in shares of Liberty Broadband by 3.4% in the 3rd quarter. Mariner LLC now owns 6,958 shares of the company’s stock worth $442,000 after purchasing an additional 226 shares in the last quarter. Fiduciary Alliance LLC grew its stake in shares of Liberty Broadband by 3.9% in the 1st quarter. Fiduciary Alliance LLC now owns 6,211 shares of the company’s stock worth $319,000 after buying an additional 236 shares during the last quarter. Captrust Financial Advisors grew its stake in shares of Liberty Broadband by 4.6% in the 2nd quarter. Captrust Financial Advisors now owns 5,376 shares of the company’s stock worth $529,000 after buying an additional 237 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its position in Liberty Broadband by 0.7% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 35,369 shares of the company’s stock valued at $2,247,000 after buying an additional 239 shares in the last quarter. Hedge funds and other institutional investors own 80.22% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on LBRDK. Weiss Ratings cut Liberty Broadband from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday. Wall Street Zen lowered shares of Liberty Broadband from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 1st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Liberty Broadband Stock Down 0.1%

Shares of Liberty Broadband stock opened at $35.99 on Thursday. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.10. Liberty Broadband Corporation has a twelve month low of $26.25 and a twelve month high of $65.72. The company has a market cap of $5.16 billion, a price-to-earnings ratio of -5.15 and a beta of 0.64. The company’s 50 day moving average is $31.87 and its 200 day moving average is $42.11.

Liberty Broadband Company Profile

Liberty Broadband Corporation is a publicly traded holding company that principally invests in broadband and cable businesses. Established in 2014 as a spin-off from Liberty Interactive Corporation, the company was designed to provide investors with targeted exposure to high-growth broadband assets. Headquartered in Englewood, Colorado, Liberty Broadband uses a tracking-stock structure to reflect the performance of its key investments rather than operating a stand-alone service business.

The company’s primary asset is its substantial equity interest in Charter Communications, one of the largest cable and broadband providers in the United States.