Oppenheimer Asset Management Inc. Purchases New Holdings in Liberty Broadband Corp Series C (LBRDK)

Oppenheimer Asset Management Inc. purchased a new position in shares of Liberty Broadband Corp Series C (NASDAQ:LBRDK) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,472 shares of the company’s stock, valued at approximately $207,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in LBRDK. IFM Investors Pty Ltd acquired a new stake in shares of Liberty Broadband Corp Series C during the 2nd quarter worth approximately $276,000. Xact Kapitalforvaltning AB increased its holdings in shares of Liberty Broadband Corp Series C by 9.8% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 11,729 shares of the company’s stock worth $888,000 after buying an additional 1,042 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in shares of Liberty Broadband Corp Series C by 13.8% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 37,345 shares of the company’s stock worth $2,828,000 after buying an additional 4,525 shares during the last quarter. Bank of Montreal Can increased its holdings in Liberty Broadband Corp Series C by 66.7% in the 2nd quarter. Bank of Montreal Can now owns 2,999 shares of the company’s stock valued at $226,000 after purchasing an additional 1,200 shares during the last quarter. Finally, OTA Financial Group L.P. acquired a new stake in Liberty Broadband Corp Series C in the 2nd quarter valued at approximately $7,835,000. Institutional investors and hedge funds own 57.26% of the company’s stock.

Liberty Broadband Corp Series C stock opened at $82.17 on Friday. Liberty Broadband Corp Series C has a fifty-two week low of $68.33 and a fifty-two week high of $99.68. The company has a debt-to-equity ratio of 0.05, a current ratio of 9.56 and a quick ratio of 9.56. The company has a market capitalization of $15.31 billion, a P/E ratio of 844.30 and a beta of 1.23.

LBRDK has been the subject of several research reports. ValuEngine upgraded shares of Liberty Broadband Corp Series C from a “sell” rating to a “hold” rating in a report on Thursday, September 27th. TheStreet upgraded shares of Liberty Broadband Corp Series C from a “c+” rating to a “b” rating in a report on Tuesday. Finally, Zacks Investment Research upgraded shares of Liberty Broadband Corp Series C from a “hold” rating to a “buy” rating and set a $91.00 target price for the company in a report on Thursday, November 1st.

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Liberty Broadband Corp Series C 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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