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Northern Capital Management LLC Sells 10,200 Shares of Liberty Broadband Corp (LBRDA)

Liberty Broadband Corp logoNorthern Capital Management LLC decreased its stake in Liberty Broadband Corp (NASDAQ:LBRDA) by 19.5% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 42,240 shares of the company’s stock after selling 10,200 shares during the period. Liberty Broadband Corp accounts for 1.4% of Northern Capital Management LLC’s portfolio, making the stock its 20th largest position.

Northern Capital Management LLC’s holdings in Liberty Broadband Corp were worth £3,594,000 at the end of the most recent reporting period. A number of other large investors have also bought and sold shares of LBRDA. Norges Bank purchased a new stake in shares of Liberty Broadband Corp during the fourth quarter worth £59,113,000.

Hudson Bay Capital Management LP purchased a new stake in shares of Liberty Broadband Corp during the fourth quarter worth £23,120,000. FMR LLC boosted its stake in shares of Liberty Broadband Corp by 27.5% in the fourth quarter. FMR LLC now owns 1,299,374 shares of the company’s stock worth £94,153,000 after buying an additional 280,400 shares during the last quarter.

Calamos Advisors LLC boosted its stake in shares of Liberty Broadband Corp by 92.3% in the fourth quarter. Calamos Advisors LLC now owns 357,269 shares of the company’s stock worth £25,888,000 after buying an additional 171,503 shares during the last quarter. Finally, Highbridge Capital Management LLC purchased a new stake in shares of Liberty Broadband Corp during the fourth quarter worth £6,521,000.

80.64% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Liberty Broadband Corp (NASDAQ:LBRDA) Liberty Broadband Corp (NASDAQ:LBRDA[1]) opened at 82.17 on Friday. The company’s 50-day moving average price is £86.07 and its 200 day moving average price is £79.19.

Liberty Broadband Corp has a 1-year low of £55.30 and a 1-year high of £90.80. The firm has a market capitalization of £14.94 billion, a PE ratio of 15.35 and a beta of 1.51. ILLEGAL ACTIVITY WARNING: “Northern Capital Management LLC Sells 10,200 Shares of Liberty Broadband Corp (LBRDA)” was first published by BBNS and is the property of of BBNS.

If you are accessing this story on another website, it was illegally copied and reposted in violation of United States and international copyright law. The original version of this story can be viewed at https://baseballnewssource.com/markets/northern-capital-management-llc-sells-10200-shares-of-liberty-broadband-corp-lbrda-updated-updated-updated/638324.html. A number of equities research analysts have recently weighed in on the company.

Pivotal Research dropped their price objective on Liberty Broadband Corp from £108.00 to £107.00 and set a “buy” rating for the company in a research note on Wednesday, April 5th. Zacks Investment Research[2] cut Liberty Broadband Corp from a “hold” rating to a “sell” rating in a research note on Wednesday, March 15th. Macquarie raised Liberty Broadband Corp from a “neutral” rating to an “outperform” rating and set a £102.00 target price for the company in a research note on Friday, January 27th. Telsey Advisory Group boosted their target price on Liberty Broadband Corp from £85.00 to £95.00 and gave the stock an “outperform” rating in a research note on Friday, February 17th.

Finally, TheStreet raised Liberty Broadband Corp from a “c+” rating to a “b-” rating in a research note on Wednesday, March 8th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of £87.67.

About Liberty Broadband Corp Liberty Broadband Corporation holds interest in Charter Communications, Inc (Charter) and its subsidiary Skyhook Holding, Inc (Skyhook). The Company’s segments include Skyhook, Charter, and Corporate and other.

Skyhook provides a wireless fidelity (Wi-Fi)-based location platform focused on providing positioning technology and contextual location intelligence solutions.

12 Month Chart for NASDAQ:LBRDA

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References

  1. ^ NASDAQ:LBRDA (www.marketbeat.com)
  2. ^ Zacks Investment Research (www.americanconsumernews.net)
  3. ^ our FREE daily email newsletter (baseballnewssource.com)

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