Bain Capital Public Equity Management LLC acquired a new position in shares of Liberty Broadband Corp (NASDAQ:LBRDK) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 119,527 shares of the company’s stock, valued at approximately $10,179,000.
Several other large investors also recently modified their holdings of LBRDK. 3G Capital Partners LP acquired a new stake in Liberty Broadband in the 3rd quarter valued at $43,145,000. Hudson Bay Capital Management LP increased its stake in Liberty Broadband by 2,861.7% in the 4th quarter. Hudson Bay Capital Management LP now owns 468,448 shares of the company’s stock valued at $39,893,000 after buying an additional 452,631 shares during the last quarter. Renaissance Technologies LLC increased its stake in Liberty Broadband by 257.8% in the 4th quarter. Renaissance Technologies LLC now owns 486,300 shares of the company’s stock valued at $41,413,000 after buying an additional 350,384 shares during the last quarter. BlackRock Inc. increased its stake in Liberty Broadband by 4.3% in the 4th quarter. BlackRock Inc. now owns 7,624,799 shares of the company’s stock valued at $649,327,000 after buying an additional 311,170 shares during the last quarter. Finally, Wedge Capital Management L L P NC acquired a new stake in Liberty Broadband in the 4th quarter valued at $15,229,000. Institutional investors and hedge funds own 54.11% of the company’s stock.
In other news, Director John E. Welsh III acquired 2,000 shares of the firm’s stock in a transaction dated Friday, December 22nd. The stock was bought at an average price of $85.50 per share, with a total value of $171,000.00. Following the transaction, the director now directly owns 5,000 shares in the company, valued at approximately $427,500. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 10.80% of the company’s stock.
Liberty Broadband Corp (NASDAQ:LBRDK) opened at $89.54 on Monday. Liberty Broadband Corp has a 12-month low of $80.41 and a 12-month high of $104.66. The company has a market cap of $16,236.74, a PE ratio of 895.49 and a beta of 1.41. The company has a debt-to-equity ratio of 0.05, a current ratio of 7.97 and a quick ratio of 7.97.
About Liberty Broadband
Liberty Broadband Corporation holds interest in Charter Communications, Inc (Charter) and its subsidiary Skyhook Holding, Inc (Skyhook). The Company’s segments include Skyhook, Charter, and Corporate and other. Skyhook provides a wireless fidelity (Wi-Fi)-based location platform focused on providing positioning technology and contextual location intelligence solutions.
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