Liberty Broadband Corporation $LBRDK Shares Sold by LB Partners LLC

LB Partners LLC trimmed its position in shares of Liberty Broadband Corporation (NASDAQ:LBRDK) by 52.5% during the first quarter, Holdings Channel reports. The institutional investor owned 18,075 shares of the company’s stock after selling 20,000 shares during the quarter. Liberty Broadband comprises about 0.8% of LB Partners LLC’s portfolio, making the stock its 21st largest holding. LB Partners LLC’s holdings in Liberty Broadband were worth $909,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC increased its position in shares of Liberty Broadband by 4.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 21,802 shares of the company’s stock valued at $1,097,000 after purchasing an additional 1,007 shares during the last quarter. Pictet Asset Management Holding SA raised its holdings in shares of Liberty Broadband by 5.9% in the 1st quarter. Pictet Asset Management Holding SA now owns 18,299 shares of the company’s stock valued at $920,000 after purchasing an additional 1,018 shares in the last quarter. Fiduciary Alliance LLC lifted its position in shares of Liberty Broadband by 3.9% during the 1st quarter. Fiduciary Alliance LLC now owns 6,211 shares of the company’s stock worth $319,000 after purchasing an additional 236 shares during the last quarter. Krilogy Financial LLC purchased a new stake in shares of Liberty Broadband during the 1st quarter worth $266,000. Finally, Hsbc Holdings PLC acquired a new position in shares of Liberty Broadband during the fourth quarter worth $6,765,000. Institutional investors and hedge funds own 80.22% of the company’s stock.

Liberty Broadband Stock Performance

Shares of LBRDK opened at $32.74 on Thursday. The company has a market capitalization of $4.70 billion, a price-to-earnings ratio of -1.71 and a beta of 0.65. Liberty Broadband Corporation has a 52-week low of $29.08 and a 52-week high of $101.46. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.27. The stock has a 50 day moving average price of $35.05 and a 200 day moving average price of $44.99.

Analyst Upgrades and Downgrades

Several research firms recently commented on LBRDK. Wall Street Zen raised Liberty Broadband from a “strong sell” rating to a “sell” rating in a report on Saturday, May 2nd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Liberty Broadband in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Liberty Broadband currently has a consensus rating of “Sell”.

About Liberty Broadband

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.