Liberty Broadband Corporation $LBRDK Stock Holdings Cut by MUFG Securities EMEA plc

MUFG Securities EMEA plc reduced its position in shares of Liberty Broadband Corporation (NASDAQ:LBRDK) by 37.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 73,000 shares of the company’s stock after selling 43,000 shares during the quarter. MUFG Securities EMEA plc’s holdings in Liberty Broadband were worth $3,548,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Highlander Partners L.P. bought a new position in Liberty Broadband during the 4th quarter valued at $26,000. eCIO Inc. bought a new position in Liberty Broadband during the 4th quarter valued at $30,000. Johnson Financial Group Inc. bought a new position in Liberty Broadband during the 3rd quarter valued at $42,000. Rothschild Investment LLC boosted its stake in Liberty Broadband by 7,253.8% during the 4th quarter. Rothschild Investment LLC now owns 956 shares of the company’s stock valued at $46,000 after purchasing an additional 943 shares in the last quarter. Finally, Danske Bank A S bought a new position in Liberty Broadband during the 3rd quarter valued at $51,000. 80.22% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Liberty Broadband in a research note on Friday, March 27th. Wall Street Zen raised 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, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Liberty Broadband Stock Performance

LBRDK opened at $33.44 on Tuesday. The firm has a market cap of $4.80 billion, a PE ratio of -1.74 and a beta of 0.66. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.27. The business has a fifty day simple moving average of $43.90 and a 200-day simple moving average of $47.34. Liberty Broadband Corporation has a fifty-two week low of $31.93 and a fifty-two week high of $101.46.

Liberty Broadband Company 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.