Skandinaviska Enskilda Banken AB publ Has $2.10 Million Stake in Liberty Broadband Corporation $LBRDK

Skandinaviska Enskilda Banken AB publ grew its holdings in Liberty Broadband Corporation (NASDAQ:LBRDK) by 228.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 33,072 shares of the company’s stock after purchasing an additional 23,000 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Liberty Broadband were worth $2,101,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Parkside Financial Bank & Trust lifted its position in shares of Liberty Broadband by 195.1% during the 2nd quarter. Parkside Financial Bank & Trust now owns 360 shares of the company’s stock worth $35,000 after purchasing an additional 238 shares during the last quarter. Assetmark Inc. increased its position in 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 buying an additional 390 shares during the period. Mather Group LLC. acquired a new position in shares of Liberty Broadband during the third quarter worth approximately $47,000. EverSource Wealth Advisors LLC boosted its position in shares of Liberty Broadband by 59.3% in the second quarter. EverSource Wealth Advisors LLC now owns 733 shares of the company’s stock valued at $72,000 after acquiring an additional 273 shares during the period. Finally, AlphaCore Capital LLC bought a new stake in shares of Liberty Broadband in the second quarter valued at approximately $80,000. 80.22% of the stock is currently owned by institutional investors.

Liberty Broadband Stock Performance

LBRDK opened at $53.58 on Friday. The stock’s 50 day simple moving average is $49.12 and its 200-day simple moving average is $53.75. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.14. The stock has a market cap of $7.69 billion, a PE ratio of 9.71 and a beta of 0.99. Liberty Broadband Corporation has a 1 year low of $42.10 and a 1 year high of $104.00.

Insiders Place Their Bets

In other Liberty Broadband news, Director J David Wargo sold 2,232 shares of the business’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $57.61, for a total value of $128,585.52. Following the sale, the director owned 471 shares of the company’s stock, valued at $27,134.31. The trade was a 82.57% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have sold a total of 49,571 shares of company stock worth $2,811,642 in the last 90 days. 10.80% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on LBRDK shares. Wall Street Zen lowered 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 report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently 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.