Polar Asset Management Partners Inc. Increases Stock Holdings in Liberty Broadband Corporation $LBRDK

Polar Asset Management Partners Inc. increased its stake in shares of Liberty Broadband Corporation (NASDAQ:LBRDK) by 50.0% during the 1st quarter, HoldingsChannel.com reports. The fund owned 600,000 shares of the company’s stock after purchasing an additional 200,000 shares during the period. Liberty Broadband makes up approximately 0.6% of Polar Asset Management Partners Inc.’s holdings, making the stock its 20th biggest holding. Polar Asset Management Partners Inc.’s holdings in Liberty Broadband were worth $30,180,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LBRDK. HBK Investments L P grew its position in Liberty Broadband by 4.1% in the fourth quarter. HBK Investments L P now owns 5,908,691 shares of the company’s stock valued at $287,162,000 after acquiring an additional 233,691 shares in the last quarter. Norges Bank purchased a new stake in shares of Liberty Broadband during the fourth quarter valued at approximately $180,881,000. Millennium Management LLC lifted its position in shares of Liberty Broadband by 23.7% during the fourth quarter. Millennium Management LLC now owns 2,533,736 shares of the company’s stock worth $123,140,000 after purchasing an additional 485,301 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Liberty Broadband by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 2,241,626 shares of the company’s stock worth $108,966,000 after purchasing an additional 25,624 shares in the last quarter. Finally, Tudor Investment Corp ET AL boosted its stake in shares of Liberty Broadband by 4.2% in the fourth quarter. Tudor Investment Corp ET AL now owns 2,107,652 shares of the company’s stock valued at $102,432,000 after purchasing an additional 85,645 shares during the period. Hedge funds and other institutional investors own 80.22% of the company’s stock.

Liberty Broadband Price Performance

Shares of NASDAQ LBRDK opened at $28.89 on Monday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.27. Liberty Broadband Corporation has a fifty-two week low of $26.25 and a fifty-two week high of $76.77. The business has a 50 day moving average price of $31.87 and a two-hundred day moving average price of $42.88. The firm has a market cap of $4.15 billion, a PE ratio of -1.51 and a beta of 0.65.

Analyst Upgrades and Downgrades

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