Verition Fund Management LLC Increases Stock Holdings in Liberty Broadband Corporation $LBRDK

Verition Fund Management LLC increased its holdings in shares of Liberty Broadband Corporation (NASDAQ:LBRDK) by 2.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 856,338 shares of the company’s stock after buying an additional 19,071 shares during the period. Verition Fund Management LLC’s holdings in Liberty Broadband were worth $41,618,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Liberty Broadband by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 11,162,599 shares of the company’s stock valued at $709,272,000 after buying an additional 184,623 shares in the last quarter. Norges Bank purchased a new position in shares of Liberty Broadband during the 4th quarter valued at approximately $180,881,000. Dimensional Fund Advisors LP lifted its position in shares of Liberty Broadband by 6.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,943,136 shares of the company’s stock valued at $187,006,000 after buying an additional 171,378 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Liberty Broadband by 58.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,793,954 shares of the company’s stock valued at $135,786,000 after buying an additional 1,035,126 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Liberty Broadband by 493.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,270,557 shares of the company’s stock valued at $144,271,000 after purchasing an additional 1,887,742 shares during the last quarter. Hedge funds and other institutional investors own 80.22% of the company’s stock.

Liberty Broadband Price Performance

Shares of NASDAQ:LBRDK opened at $34.19 on Monday. The business has a 50-day moving average price of $40.51 and a 200 day moving average price of $46.40. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $4.91 billion, a price-to-earnings ratio of -1.78 and a beta of 0.66. Liberty Broadband Corporation has a 12-month low of $29.66 and a 12-month high of $101.46.

Wall Street Analysts Forecast Growth

Several research firms recently commented on LBRDK. Weiss Ratings reissued 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 equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock 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.