138,914 Shares in Liberty Broadband Corporation $LBRDK Bought by Hsbc Holdings PLC

Hsbc Holdings PLC purchased a new stake in Liberty Broadband Corporation (NASDAQ:LBRDK) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 138,914 shares of the company’s stock, valued at approximately $6,765,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. boosted its position in shares of Liberty Broadband by 5.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 6,196 shares of the company’s stock worth $301,000 after buying an additional 310 shares during the period. Corient Private Wealth LLC raised its holdings in shares of Liberty Broadband by 32.6% during the 4th quarter. Corient Private Wealth LLC now owns 18,065 shares of the company’s stock valued at $878,000 after buying an additional 4,444 shares during the period. Alpine Global Management LLC lifted its position in Liberty Broadband by 231.8% during the 4th quarter. Alpine Global Management LLC now owns 48,820 shares of the company’s stock worth $2,373,000 after acquiring an additional 34,106 shares in the last quarter. Kera Capital Partners Inc. acquired a new position in Liberty Broadband during the 4th quarter worth approximately $370,000. Finally, Mercer Global Advisors Inc. ADV boosted its holdings in Liberty Broadband by 65.9% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 9,713 shares of the company’s stock worth $472,000 after acquiring an additional 3,858 shares during the period. 80.22% of the stock is owned by hedge funds and other institutional investors.

Liberty Broadband Stock Down 3.2%

Shares of Liberty Broadband stock opened at $31.28 on Thursday. Liberty Broadband Corporation has a 1-year low of $29.08 and a 1-year high of $99.58. The company has a market capitalization of $4.49 billion, a PE ratio of -1.63 and a beta of 0.65. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.09 and a quick ratio of 1.09. The business has a 50-day moving average of $33.21 and a 200-day moving average of $44.40.

Wall Street Analyst Weigh In

LBRDK has been the subject of several recent research reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Liberty Broadband in a research report on Wednesday, June 24th. Wall Street Zen raised shares of Liberty Broadband from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 2nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Liberty Broadband currently has a consensus rating of “Sell”.

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.