Liberty Broadband Corporation (NASDAQ:LBRDK) Short Interest Update

Liberty Broadband Corporation (NASDAQ:LBRDK) was the target of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 7,337,946 shares, an increase of 68.0% from the July 30th total of 4,367,337 shares. Approximately 5.7% of the company’s shares are sold short. Based on an average daily volume of 1,601,713 shares, the short-interest ratio is currently 4.6 days.

Liberty Broadband Price Performance

NASDAQ:LBRDK remained flat at $36.02 during mid-day trading on Tuesday. The business has a fifty day moving average price of $33.46 and a 200 day moving average price of $40.49. The stock has a market capitalization of $5.17 billion, a price-to-earnings ratio of -5.15 and a beta of 0.64. Liberty Broadband has a 1 year low of $26.25 and a 1 year high of $65.72. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.10.

Institutional Trading of Liberty Broadband

A number of hedge funds and other institutional investors have recently made changes to their positions in LBRDK. AQR Capital Management LLC grew its holdings in Liberty Broadband by 3.7% during the 1st quarter. AQR Capital Management LLC now owns 20,132 shares of the company’s stock worth $1,707,000 after acquiring an additional 717 shares in the last quarter. Integrated Wealth Concepts LLC raised its stake in shares of Liberty Broadband by 4.4% in the 1st quarter. Integrated Wealth Concepts LLC now owns 4,092 shares of the company’s stock valued at $348,000 after purchasing an additional 174 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Liberty Broadband by 38.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,773 shares of the company’s stock worth $2,617,000 after purchasing an additional 8,521 shares during the last quarter. Jones Financial Companies Lllp grew its stake in Liberty Broadband by 503.1% in the first quarter. Jones Financial Companies Lllp now owns 2,943 shares of the company’s stock worth $250,000 after purchasing an additional 2,455 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in Liberty Broadband by 94.3% in the first quarter. Goldman Sachs Group Inc. now owns 778,238 shares of the company’s stock worth $66,189,000 after purchasing an additional 377,602 shares in the last quarter. Institutional investors own 80.22% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Wall Street Zen downgraded shares of Liberty Broadband from a “sell” rating to a “strong sell” rating in a report on Saturday, August 1st. Weiss Ratings downgraded Liberty Broadband from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, August 3rd. Finally, Citigroup cut their target price on Liberty Broadband from $54.00 to $42.00 and set a “buy” rating on the stock in a research report on Friday, August 14th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $42.00.

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.