Deltroit Asset Management UK LLP Invests $2.07 Million in Liberty Broadband Corporation $LBRDK

Deltroit Asset Management UK LLP bought a new position in shares of Liberty Broadband Corporation (NASDAQ:LBRDK) in the fourth quarter, HoldingsChannel reports. The firm bought 42,657 shares of the company’s stock, valued at approximately $2,073,000.

A number of other institutional investors also recently modified their holdings of the company. Integrated Wealth Concepts LLC boosted its holdings in shares of Liberty Broadband by 4.4% during the first quarter. Integrated Wealth Concepts LLC now owns 4,092 shares of the company’s stock worth $348,000 after purchasing an additional 174 shares during the period. Mariner LLC boosted its holdings in shares of Liberty Broadband by 3.4% during the third quarter. Mariner LLC now owns 6,958 shares of the company’s stock worth $442,000 after purchasing an additional 226 shares during the period. Captrust Financial Advisors boosted its holdings in shares of Liberty Broadband by 4.6% during the second quarter. Captrust Financial Advisors now owns 5,376 shares of the company’s stock worth $529,000 after purchasing an additional 237 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in shares of Liberty Broadband by 0.7% during the third quarter. Public Employees Retirement System of Ohio now owns 35,369 shares of the company’s stock worth $2,247,000 after purchasing an additional 239 shares during the period. Finally, Treasurer of the State of North Carolina boosted its holdings in shares of Liberty Broadband by 0.5% during the second quarter. Treasurer of the State of North Carolina now owns 52,296 shares of the company’s stock worth $5,145,000 after purchasing an additional 258 shares during the period. 80.22% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Broadband Stock Performance

Shares of LBRDK opened at $30.91 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.09 and a quick ratio of 1.09. Liberty Broadband Corporation has a one year low of $29.66 and a one year high of $101.46. The company has a 50-day simple moving average of $42.35 and a two-hundred day simple moving average of $46.87. The firm has a market capitalization of $4.44 billion, a PE ratio of -1.61 and a beta of 0.66.

Analyst Ratings Changes

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

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.