Cohen Klingenstein LLC Takes $217,000 Position in Liberty Broadband Corp Series C (NASDAQ:LBRDK)

Cohen Klingenstein LLC bought a new position in Liberty Broadband Corp Series C (NASDAQ:LBRDK) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,574 shares of the company’s stock, valued at approximately $217,000.

A number of other large investors have also recently made changes to their positions in the business. Janus Henderson Group PLC lifted its position in shares of Liberty Broadband Corp Series C by 2,504.3% during the 2nd quarter. Janus Henderson Group PLC now owns 1,702,477 shares of the company’s stock valued at $128,912,000 after buying an additional 1,637,104 shares in the last quarter. Sarbit Advisory Services Inc. purchased a new position in shares of Liberty Broadband Corp Series C during the 2nd quarter valued at about $53,200,000. Morgan Stanley lifted its position in shares of Liberty Broadband Corp Series C by 712.8% during the 2nd quarter. Morgan Stanley now owns 786,532 shares of the company’s stock valued at $59,556,000 after buying an additional 689,758 shares in the last quarter. Makaira Partners LLC purchased a new position in shares of Liberty Broadband Corp Series C during the 2nd quarter valued at about $45,733,000. Finally, Bank of America Corp DE lifted its position in shares of Liberty Broadband Corp Series C by 65.4% during the 2nd quarter. Bank of America Corp DE now owns 1,058,733 shares of the company’s stock valued at $80,168,000 after buying an additional 418,575 shares in the last quarter. 57.26% of the stock is currently owned by institutional investors and hedge funds.

Several analysts recently issued reports on LBRDK shares. Zacks Investment Research raised Liberty Broadband Corp Series C from a “hold” rating to a “buy” rating and set a $91.00 target price on the stock in a research note on Thursday, November 1st. ValuEngine raised Liberty Broadband Corp Series C from a “sell” rating to a “hold” rating in a research note on Thursday, September 27th.

LBRDK opened at $83.00 on Wednesday. Liberty Broadband Corp Series C has a 52-week low of $68.33 and a 52-week high of $99.68. The company has a quick ratio of 9.56, a current ratio of 9.56 and a debt-to-equity ratio of 0.05.

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About Liberty Broadband Corp Series C

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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