Handelsbanken Fonder AB Acquires 21,311 Shares of Liberty Broadband Corporation $LBRDK

Handelsbanken Fonder AB boosted its holdings in Liberty Broadband Corporation (NASDAQ:LBRDK) by 78.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 48,511 shares of the company’s stock after purchasing an additional 21,311 shares during the period. Handelsbanken Fonder AB’s holdings in Liberty Broadband were worth $3,082,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Parkside Financial Bank & Trust boosted its holdings in shares of Liberty Broadband by 195.1% in the 2nd quarter. Parkside Financial Bank & Trust now owns 360 shares of the company’s stock worth $35,000 after buying an additional 238 shares during the last quarter. Assetmark Inc. increased its holdings in Liberty Broadband by 1,054.1% during the second quarter. Assetmark Inc. now owns 427 shares of the company’s stock worth $42,000 after buying an additional 390 shares during the last quarter. Mather Group LLC. bought a new stake in Liberty Broadband in the third quarter worth about $47,000. Quent Capital LLC purchased a new position in Liberty Broadband in the third quarter valued at about $53,000. Finally, EverSource Wealth Advisors LLC boosted its stake in Liberty Broadband by 59.3% in the second quarter. EverSource Wealth Advisors LLC now owns 733 shares of the company’s stock valued at $72,000 after acquiring an additional 273 shares during the last quarter. 80.22% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director J David Wargo sold 2,232 shares of the business’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $57.61, for a total transaction of $128,585.52. Following the sale, the director directly owned 471 shares in the company, valued at approximately $27,134.31. The trade was a 82.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last 90 days, insiders sold 49,571 shares of company stock worth $2,811,642. Insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

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

Liberty Broadband Stock Performance

Shares of LBRDK stock opened at $53.43 on Wednesday. The stock has a market capitalization of $7.67 billion, a P/E ratio of -2.86 and a beta of 0.95. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.14. The firm’s 50 day moving average is $49.87 and its 200 day moving average is $53.40. Liberty Broadband Corporation has a 12 month low of $42.10 and a 12 month high of $104.00.

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.