Latest Stocks: Xact Kapitalforvaltning AB Raises Position in Liberty Broadband Corp (LBRDK)

Latest Stocks: Xact Kapitalforvaltning AB Raises Position in Liberty Broadband Corp (LBRDK)

Xact Kapitalforvaltning AB increased its stake in shares of Liberty Broadband Corp (NASDAQ:LBRDK) by 11.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,080 shares of the company’s stock after buying an additional 960 shares during the period. Xact Kapitalforvaltning AB’s holdings in Liberty Broadband Corp were worth $785,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in LBRDK. Great West Life Assurance Co. Can raised its position in Liberty Broadband Corp by 225.1% in the third quarter. Great West Life Assurance Co. Can now owns 59,495 shares of the company’s stock worth $4,247,000 after buying an additional 41,197 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new position in Liberty Broadband Corp during the third quarter worth $1,095,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in Liberty Broadband Corp during the third quarter worth $22,103,000. Wells Fargo & Company MN raised its position in 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 last quarter. Finally, NEXT Financial Group Inc raised its position in Liberty Broadband Corp by 171.8% in the third quarter. NEXT Financial Group Inc now owns 5,185 shares of the company’s stock valued at $371,000 after buying an additional 3,277 shares during the last quarter. Institutional investors and hedge funds own 65.80% of the company’s stock.

Shares of Liberty Broadband Corp (LBRDK) opened at 89.48 on Tuesday. Liberty Broadband Corp has a 1-year low of $55.05 and a 1-year high of $92.40. The stock has a market capitalization of $16.27 billion, a P/E ratio of 16.72 and a beta of 1.47. The stock has a 50 day moving average of $87.42 and a 200-day moving average of $82.42.

A number of research firms have recently issued reports on LBRDK. Zacks Investment Research downgraded shares of Liberty Broadband Corp from a “hold” rating to a “sell” rating in a research note on Tuesday, May 30th. TheStreet raised shares of Liberty Broadband Corp from a “c+” rating to a “b-” rating in a research note on Tuesday, March 14th.

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