Alberta Investment Management Corp Raises Position in Liberty Broadband Corporation $LBRDK

Alberta Investment Management Corp grew its stake in Liberty Broadband Corporation (NASDAQ:LBRDK) by 124.8% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 270,000 shares of the company’s stock after purchasing an additional 149,900 shares during the quarter. Alberta Investment Management Corp owned approximately 0.19% of Liberty Broadband worth $17,156,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Parkside Financial Bank & Trust raised its position in Liberty Broadband by 195.1% in the 2nd quarter. Parkside Financial Bank & Trust now owns 360 shares of the company’s stock valued at $35,000 after buying an additional 238 shares during the last quarter. Assetmark Inc. grew its stake in shares of Liberty Broadband by 1,054.1% in the 2nd quarter. Assetmark Inc. now owns 427 shares of the company’s stock worth $42,000 after acquiring an additional 390 shares in the last quarter. Mather Group LLC. purchased a new stake in shares of Liberty Broadband in the third quarter valued at about $47,000. Quent Capital LLC bought a new position in shares of Liberty Broadband during the third quarter valued at about $53,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Liberty Broadband by 59.3% during the second quarter. EverSource Wealth Advisors LLC now owns 733 shares of the company’s stock valued at $72,000 after purchasing an additional 273 shares in the last quarter. Institutional investors own 80.22% of the company’s stock.

Insider Activity at Liberty Broadband

In other Liberty Broadband news, Director J David Wargo sold 2,232 shares of the stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $57.61, for a total transaction of $128,585.52. Following the completion of the transaction, the director directly owned 471 shares of the company’s stock, valued at approximately $27,134.31. This represents a 82.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last quarter, insiders have sold 49,571 shares of company stock valued at $2,811,642. Insiders own 10.80% of the company’s stock.

Liberty Broadband Price Performance

LBRDK opened at $55.66 on Thursday. Liberty Broadband Corporation has a fifty-two week low of $42.10 and a fifty-two week high of $104.00. The firm has a 50-day moving average of $48.92 and a 200 day moving average of $53.83. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.10 and a current ratio of 0.10. The firm has a market cap of $7.99 billion, a P/E ratio of 10.08 and a beta of 0.99.

Wall Street Analyst Weigh In

LBRDK has been the subject of a number of recent analyst reports. Wall Street Zen downgraded shares of Liberty Broadband from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Weiss Ratings restated a “sell (d)” rating on shares of Liberty Broadband in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Liberty Broadband 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.