Forum Financial Management LP Has $476,000 Stock Holdings in Liberty Broadband Corporation $LBRDK

Forum Financial Management LP raised its stake in Liberty Broadband Corporation (NASDAQ:LBRDK) by 31.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,839 shares of the company’s stock after buying an additional 1,159 shares during the quarter. Forum Financial Management LP’s holdings in Liberty Broadband were worth $476,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. FNY Investment Advisers LLC grew its position in Liberty Broadband by 1,174.4% in the second quarter. FNY Investment Advisers LLC now owns 5,480 shares of the company’s stock worth $539,000 after acquiring an additional 5,050 shares in the last quarter. Stephens Inc. AR grew its position in Liberty Broadband by 2.8% in the second quarter. Stephens Inc. AR now owns 9,560 shares of the company’s stock worth $941,000 after acquiring an additional 262 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Liberty Broadband in the second quarter worth approximately $295,000. Vanguard Personalized Indexing Management LLC grew its position in Liberty Broadband by 8.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 15,617 shares of the company’s stock worth $1,538,000 after acquiring an additional 1,268 shares in the last quarter. Finally, KLP Kapitalforvaltning AS grew its position in Liberty Broadband by 1.7% in the second quarter. KLP Kapitalforvaltning AS now owns 24,100 shares of the company’s stock worth $2,371,000 after acquiring an additional 400 shares in the last quarter. 80.22% of the stock is owned by institutional investors.

Liberty Broadband Price Performance

NASDAQ LBRDK opened at $56.34 on Friday. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26. The company has a fifty day simple moving average of $60.90 and a 200 day simple moving average of $77.33. The company has a market cap of $8.08 billion, a P/E ratio of 7.43 and a beta of 1.01. Liberty Broadband Corporation has a 1 year low of $56.13 and a 1 year high of $104.00.

Wall Street Analysts Forecast Growth

Several research firms have commented on LBRDK. Weiss Ratings reissued a “hold (c)” rating on shares of Liberty Broadband in a research report on Wednesday, October 8th. Wall Street Zen raised shares of Liberty Broadband to a “hold” rating in a research report on Saturday, July 12th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, Liberty Broadband presently has an average rating of “Hold”.

Liberty Broadband 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.