Zacks Investment Research lowered shares of Liberty Broadband Corp Series C (NASDAQ:LBRDK) from a buy rating to a hold rating in a report released on Wednesday morning, Zacks.com reports.

According to Zacks, “Liberty Broadband Corporation, through its subsidiaries, engages in providing digital cable services to residential and commercial customers; and entertainment, information, and communications solutions. It also provides wireless location positioning and related services. Liberty Broadband Corporation is based in Englewood, Colorado. “

A number of other research analysts also recently weighed in on LBRDK. ValuEngine raised shares of Liberty Broadband Corp Series C from a hold rating to a buy rating in a research report on Thursday, May 9th. TD Securities increased their target price on shares of Liberty Broadband Corp Series C from $105.00 to $110.00 and gave the company a buy rating in a research report on Friday, March 1st. Finally, TheStreet raised shares of Liberty Broadband Corp Series C from a c+ rating to a b- rating in a research report on Thursday, January 31st.

NASDAQ:LBRDK opened at $101.66 on Wednesday. The company has a quick ratio of 12.76, a current ratio of 12.76 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $18.44 billion, a price-to-earnings ratio of 267.53 and a beta of 1.41. Liberty Broadband Corp Series C has a 52 week low of $68.33 and a 52 week high of $101.84.

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc grew its position in shares of Liberty Broadband Corp Series C by 1.8% during the 3rd quarter. Vanguard Group Inc now owns 9,972,642 shares of the company’s stock valued at $840,693,000 after acquiring an additional 175,570 shares during the period. BlackRock Inc. grew its position in shares of Liberty Broadband Corp Series C by 0.3% during the 1st quarter. BlackRock Inc. now owns 8,029,361 shares of the company’s stock valued at $736,613,000 after acquiring an additional 23,159 shares during the period. Bank of America Corp DE grew its position in shares of Liberty Broadband Corp Series C by 93.9% during the 4th quarter. Bank of America Corp DE now owns 2,031,059 shares of the company’s stock valued at $146,297,000 after acquiring an additional 983,542 shares during the period. Geode Capital Management LLC grew its position in shares of Liberty Broadband Corp Series C by 3.8% during the 1st quarter. Geode Capital Management LLC now owns 1,471,401 shares of the company’s stock valued at $134,914,000 after acquiring an additional 53,580 shares during the period. Finally, Makaira Partners LLC grew its position in shares of Liberty Broadband Corp Series C by 111.4% during the 4th quarter. Makaira Partners LLC now owns 1,276,901 shares of the company’s stock valued at $91,975,000 after acquiring an additional 672,931 shares during the period. 57.22% of the stock is owned by hedge funds and other institutional investors.

About Liberty Broadband Corp Series C

Liberty Broadband Corporation, a cable operator, provides video, Internet, and voice services to residential, and small and medium business customers in the United States. The company 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 understand the precise geographic location and movement of mobile devices, as well as for enhancing the location determination capabilities of a hybrid location system.

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