Weitz Investment Management buys $130 Million stake in Liberty Broadband Corp (LBRDK)

Liberty Broadband Corp (LBRDK) : Weitz Investment Management scooped up 506,679 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 2,199,666 shares of Liberty Broadband Corp which is valued at $130 Million.Liberty Broadband Corp makes up approximately 4.65% of Weitz Investment Management’s portfolio.

Other Hedge Funds, Including , Vanguard Group Inc boosted its stake in LBRDK in the latest quarter, The investment management firm added 93,775 additional shares and now holds a total of 4,572,573 shares of Liberty Broadband Corp which is valued at $270.3 Million. Liberty Broadband Corp makes up approx 0.02% of Vanguard Group Inc’s portfolio. Madison Investment Holdings Inc added LBRDK to its portfolio by purchasing 605,618 company shares during the most recent quarter which is valued at $35.8 Million. Liberty Broadband Corp makes up approx 0.76% of Madison Investment Holdings Inc’s portfolio.Anchor Capital Advisors reduced its stake in LBRDK by selling 20,578 shares or 3.46% in the most recent quarter. The Hedge Fund company now holds 574,876 shares of LBRDK which is valued at $34 Million. Liberty Broadband Corp makes up approx 0.86% of Anchor Capital Advisors’s portfolio. Bartlett sold out all of its stake in LBRDK during the most recent quarter. The investment firm sold 5 shares of LBRDK which is valued $292.

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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