Mitsubishi UFJ Trust & Banking Corp reduced its holdings in Liberty Broadband Corp Series C (NASDAQ:LBRDK) by 60.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 91,998 shares of the company’s stock after selling 142,305 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.05% of Liberty Broadband Corp Series C worth $7,755,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Massey Quick Simon & CO. LLC bought a new stake in shares of Liberty Broadband Corp Series C in the second quarter worth about $136,000. NEXT Financial Group Inc bought a new stake in shares of Liberty Broadband Corp Series C in the third quarter worth about $166,000. Holistic Financial Partners bought a new stake in shares of Liberty Broadband Corp Series C in the third quarter worth about $205,000. Oppenheimer Asset Management Inc. bought a new position in shares of Liberty Broadband Corp Series C during the third quarter worth about $207,000. Finally, Cohen Klingenstein LLC bought a new position in shares of Liberty Broadband Corp Series C during the third quarter worth about $217,000. Institutional investors own 51.99% of the company’s stock.

NASDAQ:LBRDK opened at $80.43 on Friday. The company has a quick ratio of 9.56, a current ratio of 9.56 and a debt-to-equity ratio of 0.05. The stock has a market cap of $14.95 billion, a P/E ratio of 824.60 and a beta of 1.23. Liberty Broadband Corp Series C has a 52-week low of $68.33 and a 52-week high of $99.68.

A number of research analysts recently issued reports on the company. TheStreet upgraded Liberty Broadband Corp Series C from a “c+” rating to a “b” rating in a report on Tuesday, November 6th. Zacks Investment Research upgraded Liberty Broadband Corp Series C from a “hold” rating to a “buy” rating and set a $91.00 price objective for the company in a report on Thursday, November 1st. Finally, ValuEngine upgraded Liberty Broadband Corp Series C from a “sell” rating to a “hold” rating in a report on Thursday, September 27th.

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Liberty Broadband Corp Series C Company 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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