Forum Financial Management LP Buys 1,159 Shares of Liberty Broadband Corporation $LBRDK

Forum Financial Management LP raised its stake in Liberty Broadband Corporation (NASDAQ:LBRDK) by 31.5% in the second quarter, Holdings Channel.com reports. The firm owned 4,839 shares of the company’s stock after acquiring an additional 1,159 shares during the period. Forum Financial Management LP’s holdings in Liberty Broadband were worth $476,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. SouthState Corp bought a new stake in Liberty Broadband in the 1st quarter valued at $25,000. Fortitude Family Office LLC acquired a new position in shares of Liberty Broadband in the 2nd quarter valued at $48,000. Vestor Capital LLC acquired a new position in shares of Liberty Broadband in the 1st quarter valued at $44,000. GAMMA Investing LLC raised its stake in shares of Liberty Broadband by 39.2% in the 2nd quarter. GAMMA Investing LLC now owns 589 shares of the company’s stock valued at $58,000 after buying an additional 166 shares in the last quarter. Finally, eCIO Inc. acquired a new position in shares of Liberty Broadband in the 1st quarter valued at $99,000. 80.22% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on LBRDK. Wall Street Zen upgraded shares of Liberty Broadband to a “hold” rating in a research note on Saturday, July 12th. Weiss Ratings restated a “hold (c)” rating on shares of Liberty Broadband in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Liberty Broadband presently has an average rating of “Hold”.

Liberty Broadband Trading Up 0.3%

Shares of Liberty Broadband stock opened at $56.34 on Friday. The stock has a market capitalization of $8.08 billion, a P/E ratio of 7.43 and a beta of 1.01. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. The company has a 50-day simple moving average of $60.90 and a 200 day simple moving average of $77.33. Liberty Broadband Corporation has a 12-month low of $56.13 and a 12-month high of $104.00.

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.