Liberty Broadband Corporation $LBRDK Stock Position Raised by Capula Management Ltd

Capula Management Ltd grew its position in shares of Liberty Broadband Corporation (NASDAQ:LBRDK) by 1,365.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 349,413 shares of the company’s stock after buying an additional 325,567 shares during the quarter. Liberty Broadband makes up about 0.1% of Capula Management Ltd’s investment portfolio, making the stock its 21st largest holding. Capula Management Ltd owned approximately 0.24% of Liberty Broadband worth $22,202,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Johnson Financial Group Inc. bought a new position in Liberty Broadband during the third quarter valued at approximately $42,000. Mather Group LLC. bought a new stake in Liberty Broadband in the third quarter worth approximately $47,000. Quent Capital LLC bought a new stake in Liberty Broadband in the third quarter worth approximately $53,000. EverSource Wealth Advisors LLC increased its stake in shares of Liberty Broadband by 59.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 733 shares of the company’s stock worth $72,000 after purchasing an additional 273 shares during the last quarter. Finally, AlphaCore Capital LLC acquired a new position in shares of Liberty Broadband during the 2nd quarter worth $80,000. Institutional investors own 80.22% of the company’s stock.

Liberty Broadband Stock Performance

LBRDK opened at $50.74 on Friday. The stock’s 50 day simple moving average is $50.45 and its 200-day simple moving average is $52.92. 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 stock has a market cap of $7.28 billion, a PE ratio of -2.71 and a beta of 0.95. Liberty Broadband Corporation has a 1 year low of $42.10 and a 1 year high of $104.00.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed 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.com, the company currently has a consensus rating of “Sell”.

Insider Transactions at Liberty Broadband

In related news, Director J David Wargo sold 44,450 shares of Liberty Broadband stock in a transaction dated 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 completion of the sale, the director directly owned 19,150 shares in the company, valued at $1,097,295. This trade represents a 69.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 10.80% of the stock is currently owned by corporate insiders.

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.