Liberty Broadband Corporation $LBRDK Shares Sold by LB Partners LLC

LB Partners LLC reduced its position in shares of Liberty Broadband Corporation (NASDAQ:LBRDK) by 52.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,075 shares of the company’s stock after selling 20,000 shares during the period. Liberty Broadband comprises about 0.8% of LB Partners LLC’s holdings, making the stock its 21st largest holding. LB Partners LLC’s holdings in Liberty Broadband were worth $909,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Integrated Wealth Concepts LLC lifted its stake in Liberty Broadband by 4.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 4,092 shares of the company’s stock worth $348,000 after acquiring an additional 174 shares in the last quarter. Mariner LLC boosted its holdings in Liberty Broadband by 3.4% during the 3rd quarter. Mariner LLC now owns 6,958 shares of the company’s stock valued at $442,000 after acquiring an additional 226 shares during the period. Fiduciary Alliance LLC grew its position in Liberty Broadband by 3.9% in the 1st quarter. Fiduciary Alliance LLC now owns 6,211 shares of the company’s stock valued at $319,000 after acquiring an additional 236 shares in the last quarter. Captrust Financial Advisors grew its position in Liberty Broadband by 4.6% in the 2nd quarter. Captrust Financial Advisors now owns 5,376 shares of the company’s stock valued at $529,000 after acquiring an additional 237 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its stake in 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. 80.22% of the stock is owned by institutional investors and hedge funds.

Liberty Broadband Stock Down 1.6%

Liberty Broadband stock opened at $32.74 on Thursday. The firm has a market capitalization of $4.70 billion, a P/E ratio of -1.71 and a beta of 0.65. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.27. Liberty Broadband Corporation has a twelve month low of $29.08 and a twelve month high of $101.46. The stock’s fifty day simple moving average is $35.05 and its 200-day simple moving average is $44.99.

Analyst Ratings Changes

Several analysts have recently issued reports on LBRDK shares. Wall Street Zen raised shares of Liberty Broadband from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 2nd. Weiss Ratings restated a “sell (d)” rating on shares of Liberty Broadband in a report on Wednesday, June 24th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Liberty Broadband currently has a consensus rating of “Sell”.

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.