Procurement News Notice |
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| PNN | 10789 |
| Work Detail | Stonerise Capital Management reduced its stake in Liberty Broadband Corp by 39.66% during the most recent quarter end. The investment management company now holds a total of 175,000 shares of Liberty Broadband Corp which is valued at $11,921,000 after selling 115,000 shares in Liberty Broadband Corp , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Liberty Broadband Corp makes up approximately 5.72% of Stonerise Capital Management’s portfolio. Other Hedge Funds, Including , Aternalis Capital sold out all of its stake in LBRDK during the most recent quarter. The investment firm sold 138,800 shares of LBRDK which is valued $9,455,056. Canada Pension Plan Investment Board added LBRDK to its portfolio by purchasing 2,822 company shares during the most recent quarter which is valued at $192,235.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.Cwm reduced its stake in LBRDK by selling 2 shares or 11.11% in the most recent quarter. The Hedge Fund company now holds 16 shares of LBRDK which is valued at $1,015. Liberty Broadband Corp opened for trading at $68.96 and hit $71.74 on the upside on Thursday, eventually ending the session at $71.42, with a gain of 4.22% or 2.89 points. The heightened volatility saw the trading volume jump to 21,41,192 shares. Company has a market cap of $12,973 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. |
| Country | United States , Northern America |
| Industry | Financial Services |
| Entry Date | 15 Oct 2016 |
| Source | http://www.themarketdigest.org/201609/stonerise-capital-management-lowers-stake-in-liberty-broadband-corp-lbrdk/3155526/ |
