Vanguard Group Inc. Reduces Stock Holdings in Liberty Broadband Corporation $LBRDK

Vanguard Group Inc. trimmed its position in Liberty Broadband Corporation (NASDAQ:LBRDK) by 0.1% during the 4th quarter, HoldingsChannel reports. The firm owned 11,147,370 shares of the company’s stock after selling 15,229 shares during the period. Vanguard Group Inc. owned about 0.08% of Liberty Broadband worth $541,762,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of LBRDK. DLD Asset Management LP acquired a new stake in shares of Liberty Broadband during the third quarter worth $4,636,000. JPMorgan Chase & Co. boosted its holdings in Liberty Broadband by 493.1% during the third quarter. JPMorgan Chase & Co. now owns 2,270,557 shares of the company’s stock worth $144,271,000 after buying an additional 1,887,742 shares in the last quarter. M&T Bank Corp boosted its holdings in Liberty Broadband by 4,476.6% during the fourth quarter. M&T Bank Corp now owns 234,824 shares of the company’s stock worth $12,421,000 after buying an additional 229,693 shares in the last quarter. Athos Capital Ltd purchased a new stake in Liberty Broadband during the third quarter worth $10,746,000. Finally, Hudson Bay Capital Management LP raised its position in Liberty Broadband by 32.0% during the third quarter. Hudson Bay Capital Management LP now owns 165,000 shares of the company’s stock worth $10,484,000 after acquiring an additional 40,000 shares during the last quarter. 80.22% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on LBRDK shares. Weiss Ratings restated a “sell (d)” rating on shares of Liberty Broadband in a research report on Friday, March 27th. Wall Street Zen raised shares of Liberty Broadband from a “strong sell” rating to a “sell” rating in a research report on Saturday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

Insider Buying and Selling

In related news, Director J David Wargo sold 44,450 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $57.30, for a total value of $2,546,985.00. Following the transaction, the director owned 19,150 shares in the company, valued at approximately $1,097,295. This trade represents a 69.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 10.80% of the company’s stock.

Liberty Broadband Trading Down 3.7%

NASDAQ LBRDK opened at $38.63 on Tuesday. Liberty Broadband Corporation has a one year low of $36.60 and a one year high of $104.00. The company’s 50 day moving average price is $51.05 and its 200 day moving average price is $50.17. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a market capitalization of $5.54 billion, a price-to-earnings ratio of -2.02 and a beta of 0.70.

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.