First Republic Investment Management buys $274.3 Million stake in Liberty Broadband Corp (LBRDK)

Liberty Broadband Corp (LBRDK) : First Republic Investment Management scooped up 2,327,987 additional shares in Liberty Broadband Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 4,639,530 shares of Liberty Broadband Corp which is valued at $274.3 Million.Liberty Broadband Corp makes up approximately 2.51% of First Republic Investment Management’s portfolio.

Other Hedge Funds, Including , Napier Park Global Capital (us) Lp added LBRDK to its portfolio by purchasing 53,446 company shares during the most recent quarter which is valued at $3.2 Million. Liberty Broadband Corp makes up approx 1.24% of Napier Park Global Capital (us) Lp’s portfolio.Raymond James Associates reduced its stake in LBRDK by selling 30,689 shares or 30.14% in the most recent quarter. The Hedge Fund company now holds 71,145 shares of LBRDK which is valued at $4.2 Million. Liberty Broadband Corp makes up approx 0.01% of Raymond James Associates’s portfolio.Comerica Bank reduced its stake in LBRDK by selling 219 shares or 1.42% in the most recent quarter. The Hedge Fund company now holds 15,247 shares of LBRDK which is valued at $901,403. Liberty Broadband Corp makes up approx 0.01% of Comerica Bank’s portfolio.Blackrock Advisors reduced its stake in LBRDK by selling 217,533 shares or 17.35% in the most recent quarter. The Hedge Fund company now holds 1,036,167 shares of LBRDK which is valued at $61.3 Million. Liberty Broadband Corp makes up approx 0.07% of Blackrock Advisors’s portfolio.

Liberty Broadband Corp closed down -0.92 points or -1.56% at $58.08 with 2,96,188 shares getting traded on Wednesday. Post opening the session at $59, the shares hit an intraday low of $57.91 and an intraday high of $59.18 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Liberty Broadband Corporation holds ownership interests in Charter Communications Inc. (Charter ) and TruePosition Inc. (TruePosition) as well as a minority equity interest in Time Warner Cable Inc. (Time Warner Cable). Charter is a cable operator in the United States and provides advanced video high-speed Internet and telephone service to residential and business customers. TruePosition is a provider of mission-critical location based solutions enabling wireless carriers and government agencies to provide public safety E-9-1-1 services domestically and services in support of national security and law enforcement across the world. Time Warner Cable is a cable operator in the United States offering residential and commercial video high-speed data and voice services over its broadband cable systems.

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