Hudson Bay Capital Management LP Acquires 40,000 Shares of Liberty Broadband Corporation $LBRDK

Hudson Bay Capital Management LP grew its holdings in shares of Liberty Broadband Corporation (NASDAQ:LBRDK) by 32.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 165,000 shares of the company’s stock after acquiring an additional 40,000 shares during the quarter. Hudson Bay Capital Management LP’s holdings in Liberty Broadband were worth $10,484,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Tudor Investment Corp ET AL grew its position in Liberty Broadband by 47.7% in the third quarter. Tudor Investment Corp ET AL now owns 2,022,007 shares of the company’s stock worth $128,478,000 after acquiring an additional 652,937 shares in the last quarter. Swiss Life Asset Management Ltd raised its position in Liberty Broadband by 80.3% during the third quarter. Swiss Life Asset Management Ltd now owns 5,459 shares of the company’s stock valued at $347,000 after purchasing an additional 2,432 shares during the period. Polar Asset Management Partners Inc. purchased a new stake in Liberty Broadband during the third quarter valued at approximately $19,062,000. CIBC Bancorp USA Inc. bought a new stake in shares of Liberty Broadband in the 3rd quarter valued at approximately $1,307,000. Finally, Alpine Global Management LLC bought a new stake in shares of Liberty Broadband in the 3rd quarter valued at approximately $935,000. Institutional investors own 80.22% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Liberty Broadband in a research report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Insider Buying and Selling

In other Liberty Broadband news, Director J David Wargo sold 44,450 shares of the company’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $57.30, for a total value of $2,546,985.00. Following the transaction, the director owned 19,150 shares of the company’s stock, valued at $1,097,295. This represents a 69.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 10.80% of the stock is owned by company insiders.

Liberty Broadband Trading Up 1.4%

Shares of NASDAQ LBRDK opened at $49.18 on Friday. 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 business’s 50 day moving average price is $50.55 and its 200-day moving average price is $52.67. Liberty Broadband Corporation has a fifty-two week low of $42.10 and a fifty-two week high of $104.00. The company has a market cap of $7.06 billion, a price-to-earnings ratio of -2.63 and a beta of 0.95.

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.