30,642 Shares in Liberty Broadband Corporation $LBRDA Acquired by Wedmont Private Capital

Wedmont Private Capital acquired a new stake in shares of Liberty Broadband Corporation (NASDAQ:LBRDA) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 30,642 shares of the company’s stock, valued at approximately $940,000.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Liberty Broadband by 5.7% in the fourth quarter. Vanguard Group Inc. now owns 1,679,806 shares of the company’s stock worth $81,101,000 after purchasing an additional 91,276 shares during the period. Millennium Management LLC grew its holdings in shares of Liberty Broadband by 5.4% in the 4th quarter. Millennium Management LLC now owns 629,881 shares of the company’s stock valued at $30,411,000 after buying an additional 32,119 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Liberty Broadband by 2.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 496,391 shares of the company’s stock valued at $31,436,000 after buying an additional 11,789 shares in the last quarter. Verition Fund Management LLC increased its position in shares of Liberty Broadband by 37.9% in the 4th quarter. Verition Fund Management LLC now owns 404,192 shares of the company’s stock valued at $19,514,000 after buying an additional 111,105 shares in the last quarter. Finally, Squarepoint Ops LLC raised its stake in Liberty Broadband by 21.9% during the 4th quarter. Squarepoint Ops LLC now owns 393,361 shares of the company’s stock worth $18,991,000 after buying an additional 70,610 shares during the period. Institutional investors own 10.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered Liberty Broadband from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, August 3rd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Liberty Broadband Stock Performance

Shares of Liberty Broadband stock opened at $35.99 on Wednesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.09 and a quick ratio of 0.09. The firm has a market cap of $5.16 billion, a price-to-earnings ratio of -5.15 and a beta of 0.64. The stock’s 50-day moving average is $33.84 and its 200-day moving average is $39.75. Liberty Broadband Corporation has a one year low of $26.14 and a one year high of $65.40.

Liberty Broadband Company Profile

Liberty Broadband Corporation is a holding company primarily focused on investments in broadband businesses, most notably a significant equity interest in Charter Communications, Inc As a shareholder of Charter’s Class A common stock, Liberty Broadband benefits from the growth and operational performance of one of the largest cable and broadband providers in the United States. The company does not operate consumer services directly but instead seeks to enhance shareholder value through its strategic stake and board representation in Charter.

In addition to its Charter position, Liberty Broadband holds an ownership interest in GCI Liberty, Inc, a holding company with interests in an Alaskan telecommunications provider and other media assets.