Short Interest in Liberty Broadband Corporation (NASDAQ:LBRDA) Decreases By 14.1%

Liberty Broadband Corporation (NASDAQ:LBRDA) was the target of a large decrease in short interest in February. As of February 27th, there was short interest totaling 401,499 shares, a decrease of 14.1% from the February 12th total of 467,316 shares. Based on an average daily trading volume, of 101,483 shares, the short-interest ratio is presently 4.0 days. Approximately 0.3% of the shares of the stock are short sold. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 101,483 shares, the short-interest ratio is presently 4.0 days.

Insider Activity

In related news, Director J David Wargo sold 44,450 shares of the stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $57.30, for a total transaction of $2,546,985.00. Following the completion of the sale, the director owned 19,150 shares in the company, valued at $1,097,295. This trade represents a 69.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 11.59% of the company’s stock.

Hedge Funds Weigh In On Liberty Broadband

Hedge funds and other institutional investors have recently modified their holdings of the business. Slotnik Capital LLC bought a new stake in Liberty Broadband during the 4th quarter worth $12,731,000. Squarepoint Ops LLC raised its position in Liberty Broadband by 364.1% in the third quarter. Squarepoint Ops LLC now owns 322,751 shares of the company’s stock valued at $20,440,000 after purchasing an additional 253,211 shares during the last quarter. Norges Bank acquired a new stake in shares of Liberty Broadband during the second quarter valued at about $21,089,000. Alpine Global Management LLC boosted its stake in shares of Liberty Broadband by 973.0% during the third quarter. Alpine Global Management LLC now owns 198,268 shares of the company’s stock valued at $12,556,000 after purchasing an additional 179,790 shares in the last quarter. Finally, UBS Group AG grew its holdings in shares of Liberty Broadband by 390.6% during the fourth quarter. UBS Group AG now owns 222,860 shares of the company’s stock worth $10,760,000 after purchasing an additional 177,431 shares during the last quarter. Institutional investors own 10.29% of the company’s stock.

Liberty Broadband Stock Performance

Shares of LBRDA opened at $48.48 on Thursday. Liberty Broadband has a 12 month low of $42.05 and a 12 month high of $102.38. The firm has a fifty day simple moving average of $50.43 and a 200 day simple moving average of $52.50. The stock has a market capitalization of $6.96 billion, a price-to-earnings ratio of -2.59 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.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Liberty Broadband in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $115.00.

Liberty Broadband Company Profile

Liberty Broadband Corporation is a holding company primarily focused on investments in broadband businesses, most notably a significant equity interest in Charter Communications, Inc As a shareholder of Charter’s Class A common stock, Liberty Broadband benefits from the growth and operational performance of one of the largest cable and broadband providers in the United States. The company does not operate consumer services directly but instead seeks to enhance shareholder value through its strategic stake and board representation in Charter.

In addition to its Charter position, Liberty Broadband holds an ownership interest in GCI Liberty, Inc, a holding company with interests in an Alaskan telecommunications provider and other media assets.