Liberty Broadband Corporation $LBRDK Shares Bought by Sei Investments Co.

Sei Investments Co. grew its holdings in shares of Liberty Broadband Corporation (NASDAQ:LBRDK) by 75.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 162,451 shares of the company’s stock after purchasing an additional 69,971 shares during the quarter. Sei Investments Co.’s holdings in Liberty Broadband were worth $8,171,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in LBRDK. M&T Bank Corp lifted its position in Liberty Broadband by 4,476.6% during the fourth quarter. M&T Bank Corp now owns 234,824 shares of the company’s stock worth $12,421,000 after buying an additional 229,693 shares during the period. Banyan Capital Management Inc. acquired a new stake in Liberty Broadband in the 4th quarter worth about $3,366,000. Investment Management Associates Inc. ADV grew its holdings in Liberty Broadband by 8.8% in the 1st quarter. Investment Management Associates Inc. ADV now owns 467,220 shares of the company’s stock valued at $23,501,000 after buying an additional 37,936 shares during the period. Rothschild & Co Wealth Management UK Ltd grew its holdings in Liberty Broadband by 1.0% in the 4th quarter. Rothschild & Co Wealth Management UK Ltd now owns 953,079 shares of the company’s stock valued at $46,320,000 after buying an additional 9,670 shares during the period. Finally, UBS Group AG increased its stake in shares of Liberty Broadband by 301.3% during the 4th quarter. UBS Group AG now owns 1,505,070 shares of the company’s stock valued at $73,146,000 after acquiring an additional 1,130,044 shares during the last quarter. Institutional investors and hedge funds own 80.22% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on LBRDK. Weiss Ratings reiterated a “sell (d)” rating on shares of Liberty Broadband in a report on Wednesday, June 24th. Wall Street Zen downgraded shares of Liberty Broadband from a “sell” rating to a “strong sell” rating in a report on Saturday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Liberty Broadband Stock Performance

Shares of LBRDK opened at $34.04 on Monday. Liberty Broadband Corporation has a twelve month low of $26.25 and a twelve month high of $65.72. The firm has a market capitalization of $4.88 billion, a P/E ratio of -4.87 and a beta of 0.64. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.10. The stock’s fifty day simple moving average is $31.80 and its 200 day simple moving average is $42.34.

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.