Squarepoint Ops LLC Has $9.01 Million Stock Holdings in Liberty Broadband Corporation $LBRDK

Squarepoint Ops LLC decreased its position in Liberty Broadband Corporation (NASDAQ:LBRDK) by 12.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 270,967 shares of the company’s stock after selling 37,233 shares during the period. Squarepoint Ops LLC owned 0.19% of Liberty Broadband worth $9,012,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LBRDK. Nykredit A S bought a new position in shares of Liberty Broadband in the 2nd quarter valued at about $73,000. Corient Private Wealth LP raised its stake in shares of Liberty Broadband by 24.2% during the second quarter. Corient Private Wealth LP now owns 20,884 shares of the company’s stock worth $695,000 after buying an additional 4,067 shares during the last quarter. California State Teachers Retirement System lifted its holdings in Liberty Broadband by 3,136.3% in the second quarter. California State Teachers Retirement System now owns 4,491,963 shares of the company’s stock valued at $149,403,000 after buying an additional 4,353,163 shares during the period. Greenland Capital Management LP lifted its holdings in Liberty Broadband by 27.0% in the second quarter. Greenland Capital Management LP now owns 113,872 shares of the company’s stock valued at $3,787,000 after buying an additional 24,184 shares during the period. Finally, Readystate Asset Management LP boosted its stake in Liberty Broadband by 108.4% in the second quarter. Readystate Asset Management LP now owns 745,744 shares of the company’s stock valued at $24,803,000 after acquiring an additional 387,839 shares during the last quarter. 80.22% of the stock is owned by institutional investors.

Liberty Broadband Stock Performance

LBRDK opened at $36.02 on Friday. The firm’s fifty day moving average is $34.01 and its two-hundred day moving average is $39.55. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.09 and a current ratio of 0.09. The firm has a market cap of $5.17 billion, a PE ratio of -5.15 and a beta of 0.64. Liberty Broadband Corporation has a twelve month low of $26.25 and a twelve month high of $65.72.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on LBRDK. Weiss Ratings lowered Liberty Broadband from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday, August 3rd. Wall Street Zen downgraded Liberty Broadband from a “sell” rating to a “strong sell” rating in a report on Saturday, August 1st. Finally, Citigroup cut their target price on Liberty Broadband from $54.00 to $42.00 and set a “buy” rating on the stock in a research note on Friday, August 14th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Liberty Broadband presently has a consensus rating of “Hold” and a consensus price target of $42.00.

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.