KLP Kapitalforvaltning AS Grows Stake in Liberty Broadband Corporation $LBRDK

KLP Kapitalforvaltning AS raised its position in shares of Liberty Broadband Corporation (NASDAQ:LBRDK) by 1.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,100 shares of the company’s stock after buying an additional 400 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Liberty Broadband were worth $2,371,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. SouthState Corp purchased a new position in Liberty Broadband during the 1st quarter valued at approximately $25,000. Fortitude Family Office LLC purchased a new position in Liberty Broadband during the 2nd quarter valued at approximately $48,000. Vestor Capital LLC purchased a new position in Liberty Broadband during the 1st quarter valued at approximately $44,000. GAMMA Investing LLC grew its holdings in Liberty Broadband by 39.2% during 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, Continuum Advisory LLC purchased a new position in Liberty Broadband during the 1st quarter valued at approximately $58,000. Hedge funds and other institutional investors own 80.22% of the company’s stock.

Liberty Broadband Price Performance

Shares of LBRDK stock opened at $59.76 on Friday. Liberty Broadband Corporation has a 52-week low of $57.75 and a 52-week high of $104.00. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60. The firm has a market capitalization of $8.57 billion, a P/E ratio of 7.88 and a beta of 1.01. The stock has a 50 day moving average price of $61.18 and a 200 day moving average price of $78.97.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Wall Street Zen upgraded Liberty Broadband to a “hold” rating in a report on Saturday, July 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Liberty Broadband in a research note on Wednesday. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently 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.