Readystate Asset Management LP Acquires 100,596 Shares of Liberty Broadband Corporation $LBRDK

Readystate Asset Management LP increased its holdings in shares of Liberty Broadband Corporation (NASDAQ:LBRDK) by 42.4% in the third quarter, HoldingsChannel reports. The institutional investor owned 338,012 shares of the company’s stock after purchasing an additional 100,596 shares during the quarter. Readystate Asset Management LP’s holdings in Liberty Broadband were worth $21,477,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of LBRDK. Integrated Wealth Concepts LLC grew its holdings in Liberty Broadband by 4.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 4,092 shares of the company’s stock worth $348,000 after acquiring an additional 174 shares during the period. Resonant Capital Advisors LLC grew its stake in shares of Liberty Broadband by 4.4% during the second quarter. Resonant Capital Advisors LLC now owns 4,382 shares of the company’s stock worth $431,000 after purchasing an additional 185 shares during the period. Captrust Financial Advisors increased its holdings in Liberty Broadband by 4.6% in the second quarter. Captrust Financial Advisors now owns 5,376 shares of the company’s stock valued at $529,000 after purchasing an additional 237 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in Liberty Broadband by 195.1% in the second quarter. Parkside Financial Bank & Trust now owns 360 shares of the company’s stock valued at $35,000 after buying an additional 238 shares during the period. Finally, Treasurer of the State of North Carolina boosted its holdings in Liberty Broadband by 0.5% during the second quarter. Treasurer of the State of North Carolina now owns 52,296 shares of the company’s stock worth $5,145,000 after buying an additional 258 shares during the last quarter. 80.22% of the stock is currently owned by institutional investors and hedge funds.

Liberty Broadband Price Performance

Shares of NASDAQ LBRDK opened at $55.09 on Wednesday. The company has a fifty day moving average price of $48.79 and a 200 day moving average price of $53.82. The firm has a market cap of $7.91 billion, a PE ratio of 9.98 and a beta of 0.99. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.14. Liberty Broadband Corporation has a 1-year low of $42.10 and a 1-year high of $104.00.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on LBRDK shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Liberty Broadband in a research report on Monday, December 29th. Wall Street Zen lowered shares of Liberty Broadband from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Insider Activity

In other Liberty Broadband news, Director J David Wargo sold 44,450 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $57.30, for a total value of $2,546,985.00. Following the sale, the director owned 19,150 shares in the company, valued at approximately $1,097,295. The trade was a 69.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold 49,571 shares of company stock worth $2,811,642 in the last ninety days. 10.80% of the stock is currently owned by company insiders.

Liberty Broadband 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.