Liberty Broadband Corporation $LBRDK is Aristeia Capital L.L.C.’s 10th Largest Position

Aristeia Capital L.L.C. reduced its position in Liberty Broadband Corporation (NASDAQ:LBRDK) by 45.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,893,185 shares of the company’s stock after selling 1,600,000 shares during the period. Liberty Broadband comprises approximately 2.0% of Aristeia Capital L.L.C.’s holdings, making the stock its 10th largest position. Aristeia Capital L.L.C.’s holdings in Liberty Broadband were worth $92,009,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Highlander Partners L.P. acquired a new stake in Liberty Broadband during the 4th quarter valued at $26,000. eCIO Inc. acquired a new stake in shares of Liberty Broadband in the fourth quarter worth $30,000. Johnson Financial Group Inc. acquired a new stake in shares of Liberty Broadband in the third quarter worth $42,000. EverSource Wealth Advisors LLC grew its holdings in shares of Liberty Broadband by 59.3% during the second quarter. EverSource Wealth Advisors LLC now owns 733 shares of the company’s stock valued at $72,000 after buying an additional 273 shares in the last quarter. Finally, Danske Bank A S acquired a new position in Liberty Broadband during the third quarter valued at $51,000. Institutional investors and hedge funds own 80.22% of the company’s stock.

Liberty Broadband Price Performance

NASDAQ:LBRDK opened at $30.87 on Thursday. The stock has a market cap of $4.43 billion, a P/E ratio of -1.61 and a beta of 0.66. Liberty Broadband Corporation has a one year low of $29.66 and a one year high of $101.46. The company has a fifty day moving average price of $39.39 and a 200 day moving average price of $46.11. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.09 and a quick ratio of 1.09.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Wall Street Zen raised shares of Liberty Broadband from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 2nd. Weiss Ratings restated a “sell (d)” rating on shares of Liberty Broadband in a report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

Liberty Broadband Profile

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.