Y Intercept Hong Kong Ltd Invests $1.28 Million in Liberty Broadband Corporation $LBRDK

Y Intercept Hong Kong Ltd acquired a new position in shares of Liberty Broadband Corporation (NASDAQ:LBRDK) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 20,078 shares of the company’s stock, valued at approximately $1,276,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Liberty Broadband during the second quarter valued at about $137,249,000. Arrowstreet Capital Limited Partnership raised its stake in shares of Liberty Broadband by 71.3% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,557,714 shares of the company’s stock worth $153,248,000 after acquiring an additional 648,125 shares in the last quarter. Baupost Group LLC MA lifted its position in Liberty Broadband by 337.0% during the second quarter. Baupost Group LLC MA now owns 745,610 shares of the company’s stock valued at $73,353,000 after acquiring an additional 575,000 shares during the last quarter. Man Group plc boosted its stake in Liberty Broadband by 92.9% in the second quarter. Man Group plc now owns 957,253 shares of the company’s stock valued at $94,175,000 after acquiring an additional 460,920 shares in the last quarter. Finally, LMR Partners LLP grew its holdings in Liberty Broadband by 501.8% in the second quarter. LMR Partners LLP now owns 481,172 shares of the company’s stock worth $47,338,000 after purchasing an additional 401,211 shares during the last quarter. Hedge funds and other institutional investors own 80.22% of the company’s stock.

Insider Transactions at Liberty Broadband

In other Liberty Broadband news, Director J David Wargo sold 2,889 shares of Liberty Broadband stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $47.10, for a total transaction of $136,071.90. Following the completion of the sale, the director directly owned 31,542 shares in the company, valued at approximately $1,485,628.20. The trade was a 8.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 10.80% of the company’s stock.

Liberty Broadband Stock Up 7.9%

Liberty Broadband stock opened at $48.11 on Friday. The business’s 50-day simple moving average is $46.98 and its two-hundred day simple moving average is $55.94. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.24 and a current ratio of 0.24. The company has a market cap of $6.90 billion, a PE ratio of 8.72 and a beta of 0.99. Liberty Broadband Corporation has a fifty-two week low of $42.10 and a fifty-two week high of $104.00.

Liberty Broadband (NASDAQ:LBRDK) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.57. The firm had revenue of $257.00 million during the quarter, compared to analysts’ expectations of $267.70 million. Liberty Broadband had a return on equity of 12.23% and a net margin of 105.04%. Equities analysts anticipate that Liberty Broadband Corporation will post 7.71 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Wall Street Zen lowered Liberty Broadband from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Weiss Ratings reiterated a “sell (d)” rating on shares of Liberty Broadband in a research note on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average 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.