Liberty Broadband Co. (NASDAQ:LBRDA – Get Free Report) was the target of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 335,900 shares, an increase of 10.0% from the October 15th total of 305,300 shares. Approximately 2.0% of the company’s shares are short sold. Based on an average daily trading volume, of 112,100 shares, the short-interest ratio is currently 3.0 days.
Liberty Broadband Trading Down 0.7 %
Shares of Liberty Broadband stock traded down $0.56 during trading hours on Friday, reaching $82.95. 39,644 shares of the company’s stock were exchanged, compared to its average volume of 136,952. Liberty Broadband has a 52-week low of $68.15 and a 52-week high of $97.05. The company has a fifty day moving average of $88.69 and a 200-day moving average of $84.64. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $12.12 billion, a price-to-earnings ratio of 18.34 and a beta of 1.19.
Hedge Funds Weigh In On Liberty Broadband
Several large investors have recently added to or reduced their stakes in LBRDA. FMR LLC lifted its holdings in shares of Liberty Broadband by 28.8% during the 3rd quarter. FMR LLC now owns 2,173,718 shares of the company’s stock worth $197,613,000 after acquiring an additional 486,458 shares during the period. Vanguard Group Inc. raised its stake in Liberty Broadband by 2.0% during the first quarter. Vanguard Group Inc. now owns 1,787,937 shares of the company’s stock worth $234,327,000 after purchasing an additional 34,748 shares during the period. Aristeia Capital LLC boosted its holdings in shares of Liberty Broadband by 7.1% in the 3rd quarter. Aristeia Capital LLC now owns 1,467,991 shares of the company’s stock valued at $133,455,000 after purchasing an additional 97,010 shares during the last quarter. BlackRock Inc. grew its stake in shares of Liberty Broadband by 4.0% during the 1st quarter. BlackRock Inc. now owns 1,142,828 shares of the company’s stock valued at $149,778,000 after buying an additional 43,893 shares during the period. Finally, Seizert Capital Partners LLC increased its holdings in shares of Liberty Broadband by 2.0% during the 3rd quarter. Seizert Capital Partners LLC now owns 401,132 shares of the company’s stock worth $36,467,000 after buying an additional 7,824 shares during the last quarter. 10.14% of the stock is currently owned by hedge funds and other institutional investors.
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.
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