Liberty Broadband Corp Series C (LBRDK) Shares Bought by Renaissance Technologies LLC

Renaissance Technologies LLC raised its holdings in Liberty Broadband Corp Series C (NASDAQ:LBRDK) by 132.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 541,600 shares of the company’s stock after purchasing an additional 308,200 shares during the quarter. Renaissance Technologies LLC owned 0.30% of Liberty Broadband Corp Series C worth $41,010,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Summit Trail Advisors LLC boosted its holdings in shares of Liberty Broadband Corp Series C by 5,610.6% in the 1st quarter. Summit Trail Advisors LLC now owns 108,729 shares of the company’s stock valued at $109,000 after purchasing an additional 106,825 shares in the last quarter. Massey Quick Simon & CO. LLC bought a new position in shares of Liberty Broadband Corp Series C in the 2nd quarter valued at $136,000. Blair William & Co. IL bought a new position in shares of Liberty Broadband Corp Series C in the 1st quarter valued at $180,000. Integrated Investment Consultants LLC lifted its stake in shares of Liberty Broadband Corp Series C by 18,090.9% in the 2nd quarter. Integrated Investment Consultants LLC now owns 6,003 shares of the company’s stock valued at $184,000 after acquiring an additional 5,970 shares during the last quarter. Finally, Bank of Montreal Can lifted its stake in shares of Liberty Broadband Corp Series C by 66.7% in the 2nd quarter. Bank of Montreal Can now owns 2,999 shares of the company’s stock valued at $226,000 after acquiring an additional 1,200 shares during the last quarter. 57.49% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have recently commented on LBRDK. ValuEngine upgraded Liberty Broadband Corp Series C from a “sell” rating to a “hold” rating in a research note on Thursday, September 27th. Zacks Investment Research cut Liberty Broadband Corp Series C from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 11th.

Shares of LBRDK opened at $81.50 on Tuesday. The company has a quick ratio of 8.49, a current ratio of 8.49 and a debt-to-equity ratio of 0.05. Liberty Broadband Corp Series C has a 52 week low of $68.33 and a 52 week high of $99.68.

Liberty Broadband Corp Series C (NASDAQ:LBRDK) last announced its earnings results on Wednesday, August 8th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.24). The company had revenue of $3.37 million for the quarter. Liberty Broadband Corp Series C had a return on equity of 20.47% and a net margin of 9,284.89%. As a group, research analysts predict that Liberty Broadband Corp Series C will post 0.9 EPS for the current year.

Liberty Broadband Corp Series C Profile

Liberty Broadband Corporation, a cable operator, provides video, Internet, and voice services to residential and commercial customers in the United States. It operates through Skyhook and Charter segments. The Skyhook segment offers Precision Location Solution, a location determination service for mobile device makers, wireless carriers, and asset tracking platforms to understanding the precise geographic location and movement of mobile devices; enhancing the location determination capabilities of a hybrid location system.

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Institutional Ownership by Quarter for Liberty Broadband Corp Series C (NASDAQ:LBRDK)

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