Entropy Technologies LP Acquires New Position in Liberty Broadband Corporation $LBRDK

Entropy Technologies LP acquired a new stake in Liberty Broadband Corporation (NASDAQ:LBRDK) in the fourth quarter, Holdings Channel.com reports. The fund acquired 34,045 shares of the company’s stock, valued at approximately $1,655,000.

Other hedge funds have also recently modified their holdings of the company. Highlander Partners L.P. purchased a new stake in shares of Liberty Broadband in the fourth quarter valued at about $26,000. eCIO Inc. purchased a new stake in shares of Liberty Broadband in the fourth quarter valued at about $30,000. Johnson Financial Group Inc. purchased a new stake in shares of Liberty Broadband in the third quarter valued at about $42,000. EverSource Wealth Advisors LLC boosted its stake in Liberty Broadband by 59.3% during the second quarter. EverSource Wealth Advisors LLC now owns 733 shares of the company’s stock worth $72,000 after buying an additional 273 shares during the period. Finally, Danske Bank A S purchased a new position in Liberty Broadband during the third quarter worth about $51,000. Hedge funds and other institutional investors own 80.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on LBRDK. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Liberty Broadband in a research note on Friday, March 27th. Wall Street Zen raised shares of Liberty Broadband from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 2nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Liberty Broadband Trading Down 1.6%

Shares of LBRDK stock opened at $33.64 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market cap of $4.83 billion, a PE ratio of -1.75 and a beta of 0.66. The company has a 50-day moving average of $40.16 and a two-hundred day moving average of $46.31. Liberty Broadband Corporation has a 1-year low of $29.66 and a 1-year high of $101.46.

About Liberty Broadband

Liberty Broadband Corporation is a publicly traded holding company that principally invests in broadband and cable businesses. Established in 2014 as a spin-off from Liberty Interactive Corporation, the company was designed to provide investors with targeted exposure to high-growth broadband assets. Headquartered in Englewood, Colorado, Liberty Broadband uses a tracking-stock structure to reflect the performance of its key investments rather than operating a stand-alone service business.

The company’s primary asset is its substantial equity interest in Charter Communications, one of the largest cable and broadband providers in the United States.