Ratan Capital Management LP lessened its position in shares of Liberty Broadband Corp (NASDAQ:LBRDK) by 34.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 66,459 shares of the company’s stock after selling 34,993 shares during the quarter. Liberty Broadband comprises 8.5% of Ratan Capital Management LP’s investment portfolio, making the stock its 5th biggest holding. Ratan Capital Management LP’s holdings in Liberty Broadband were worth $5,660,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in LBRDK. 3G Capital Partners LP purchased a new position in Liberty Broadband during the 3rd quarter worth approximately $43,145,000. Hudson Bay Capital Management LP grew its stake in Liberty Broadband by 2,861.7% during the 4th quarter. Hudson Bay Capital Management LP now owns 468,448 shares of the company’s stock worth $39,893,000 after buying an additional 452,631 shares during the last quarter. Renaissance Technologies LLC grew its stake in Liberty Broadband by 257.8% during the 4th quarter. Renaissance Technologies LLC now owns 486,300 shares of the company’s stock worth $41,413,000 after buying an additional 350,384 shares during the last quarter. BlackRock Inc. grew its stake in Liberty Broadband by 4.3% during the 4th quarter. BlackRock Inc. now owns 7,624,799 shares of the company’s stock worth $649,327,000 after buying an additional 311,170 shares during the last quarter. Finally, Wedge Capital Management L L P NC purchased a new position in shares of Liberty Broadband in the 4th quarter valued at approximately $15,229,000. Hedge funds and other institutional investors own 54.66% of the company’s stock.
Liberty Broadband Corp (NASDAQ:LBRDK) opened at $92.62 on Tuesday. Liberty Broadband Corp has a 12 month low of $80.41 and a 12 month high of $104.66. The firm has a market capitalization of $16,236.74, a P/E ratio of 926.29 and a beta of 1.41. The company has a quick ratio of 7.97, a current ratio of 7.97 and a debt-to-equity ratio of 0.05.
Several research analysts have weighed in on the company. ValuEngine downgraded Liberty Broadband from a “hold” rating to a “sell” rating in a research note on Tuesday, February 27th. Zacks Investment Research upgraded Liberty Broadband from a “hold” rating to a “strong-buy” rating and set a $107.00 target price on the stock in a research note on Saturday, January 20th. Finally, TheStreet upgraded Liberty Broadband from a “c” rating to a “b” rating in a research note on Tuesday, February 20th.
In other Liberty Broadband news, Director John E. Welsh III purchased 2,000 shares of Liberty Broadband stock in a transaction dated Friday, December 22nd. The stock was acquired at an average cost of $85.50 per share, with a total value of $171,000.00. Following the acquisition, the director now directly owns 5,000 shares of the company’s stock, valued at $427,500. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 10.80% of the stock is owned by company insiders.
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Liberty Broadband Profile
Liberty Broadband Corporation holds interest in Charter Communications, Inc (Charter) and its subsidiary Skyhook Holding, Inc (Skyhook). The Company’s segments include Skyhook, Charter, and Corporate and other. Skyhook provides a wireless fidelity (Wi-Fi)-based location platform focused on providing positioning technology and contextual location intelligence solutions.
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