Slotnik Capital LLC Has $17.52 Million Holdings in Liberty Broadband Corporation $LBRDK

Slotnik Capital LLC lessened its holdings in Liberty Broadband Corporation (NASDAQ:LBRDK) by 41.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 360,524 shares of the company’s stock after selling 258,700 shares during the quarter. Liberty Broadband makes up approximately 4.1% of Slotnik Capital LLC’s investment portfolio, making the stock its 8th largest position. Slotnik Capital LLC owned 0.25% of Liberty Broadband worth $17,521,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in LBRDK. Vanguard Group Inc. increased its position in Liberty Broadband by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 11,162,599 shares of the company’s stock valued at $709,272,000 after purchasing an additional 184,623 shares during the period. Norges Bank acquired a new stake in Liberty Broadband in the 4th quarter valued at $180,881,000. Dimensional Fund Advisors LP grew its position in Liberty Broadband by 6.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,943,136 shares of the company’s stock valued at $187,006,000 after purchasing an additional 171,378 shares during the period. Assenagon Asset Management S.A. grew its position in Liberty Broadband by 58.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,793,954 shares of the company’s stock valued at $135,786,000 after purchasing an additional 1,035,126 shares during the period. Finally, JPMorgan Chase & Co. grew its position in Liberty Broadband by 493.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,270,557 shares of the company’s stock valued at $144,271,000 after purchasing an additional 1,887,742 shares during the period. Institutional investors own 80.22% of the company’s stock.

Wall Street Analysts Forecast Growth

LBRDK has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Liberty Broadband in a report on Friday, March 27th. Wall Street Zen upgraded Liberty Broadband from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 2nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Liberty Broadband presently has an average rating of “Sell”.

Liberty Broadband Stock Down 1.6%

Shares of NASDAQ LBRDK opened at $33.64 on Tuesday. The firm has a market capitalization of $4.83 billion, a price-to-earnings ratio of -1.75 and a beta of 0.66. The business has a 50-day moving average of $40.16 and a 200-day moving average of $46.31. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.27. Liberty Broadband Corporation has a 12 month low of $29.66 and a 12 month high of $101.46.

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.