Coatue Management adds Liberty Broadband Corp (LBRDK) to its portfolio

Liberty Broadband Corp (LBRDK) : Coatue Management added new position in Liberty Broadband Corp during the most recent quarter end. The investment management firm now holds 8,892,050 shares of Liberty Broadband Corp which is valued at $605,726,446 , the company said in a statement filed on Aug 12, 2016 with the SEC.Liberty Broadband Corp makes up approximately 7.97% of Coatue Management’s portfolio.

Other Hedge Funds, Including , Credit Agricole S A added LBRDK to its portfolio by purchasing 207,671 company shares during the most recent quarter which is valued at $14,146,549. Liberty Broadband Corp makes up approx 0.05% of Credit Agricole S A’s portfolio.River Road Asset Management boosted its stake in LBRDK in the latest quarter, The investment management firm added 24,811 additional shares and now holds a total of 246,571 shares of Liberty Broadband Corp which is valued at $15,427,947. Liberty Broadband Corp makes up approx 0.32% of River Road Asset Management’s portfolio.Utah Retirement Systems boosted its stake in LBRDK in the latest quarter, The investment management firm added 7,000 additional shares and now holds a total of 18,847 shares of Liberty Broadband Corp which is valued at $1,187,549. Liberty Broadband Corp makes up approx 0.03% of Utah Retirement Systems’s portfolio.

Liberty Broadband Corp opened for trading at $68.4 and hit $69.18 on the upside on Monday, eventually ending the session at $68.74, with a gain of 0.67% or 0.46 points. The heightened volatility saw the trading volume jump to 8,13,940 shares. Company has a market cap of $12,486 M.

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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