Stocks: Stocks: 178349 Shares in Liberty Broadband Corp (LBRDK) Acquired by P Schoenfeld Asset Management LP

P Schoenfeld Asset Management LP acquired a new stake in shares of Liberty Broadband Corp (NASDAQ:LBRDK) during the first quarter, Holdings Channel reports. The firm acquired 178,349 shares of the company’s stock, valued at approximately $15,409,000. Liberty Broadband Corp makes up approximately 1.2% of P Schoenfeld Asset Management LP’s portfolio, making the stock its 18th largest position. Other hedge funds also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Liberty Broadband Corp by 677.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,384 shares of the company’s stock worth $1,100,000 after buying an additional 13,406 shares during the period. JPMorgan Chase & Co.

raised its stake in shares of Liberty Broadband Corp by 4.4% in the third quarter. JPMorgan Chase & Co. now owns 27,884 shares of the company’s stock worth $1,994,000 after buying an additional 1,170 shares during the period. Credit Agricole S A raised its stake in shares of Liberty Broadband Corp by 109.6% in the fourth quarter. Credit Agricole S A now owns 282,224 shares of the company’s stock worth $20,904,000 after buying an additional 147,553 shares during the period. Mn Services Vermogensbeheer B.V. raised its stake in shares of Liberty Broadband Corp by 4.2% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,856 shares of the company’s stock worth $231,000 after buying an additional 114 shares during the period.

Finally, Wells Fargo & Company MN raised its stake in shares of Liberty Broadband Corp by 56.4% in the third quarter. Wells Fargo & Company MN now owns 613,611 shares of the company’s stock worth $43,861,000 after buying an additional 221,249 shares during the period. Institutional investors own 65.80% of the company’s stock. Shares of Liberty Broadband Corp (NASDAQ:LBRDK) traded down 0.02% during mid-day trading on Friday, reaching $83.69.

347,762 shares of the company’s stock were exchanged. The firm has a market capitalization of $15.22 billion, a P/E ratio of 15.64 and a beta of 1.47. Liberty Broadband Corp has a one year low of $55.05 and a one year high of $92.40. The stock has a 50-day moving average of $87.36 and a 200 day moving average of $80.65.

A number of analysts have commented on LBRDK shares. TheStreet lowered shares of Liberty Broadband Corp from a “b-” rating to a “c+” rating in a research note on Thursday, January 26th. Zacks Investment Research upgraded shares of Liberty Broadband Corp from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 31st. 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. Want to see what other hedge funds are holding LBRDK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Liberty Broadband Corp (NASDAQ:LBRDK).

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