Madison Asset Management LLC Has $84.39 Million Holdings in Liberty Broadband Corporation $LBRDK

Madison Asset Management LLC decreased its holdings in shares of Liberty Broadband Corporation (NASDAQ:LBRDK) by 24.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,328,182 shares of the company’s stock after selling 439,950 shares during the quarter. Madison Asset Management LLC owned about 0.93% of Liberty Broadband worth $84,393,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Parkside Financial Bank & Trust grew its holdings in Liberty Broadband by 195.1% during the 2nd quarter. Parkside Financial Bank & Trust now owns 360 shares of the company’s stock worth $35,000 after acquiring an additional 238 shares during the period. Assetmark Inc. boosted its position in shares of Liberty Broadband by 1,054.1% in the 2nd quarter. Assetmark Inc. now owns 427 shares of the company’s stock worth $42,000 after purchasing an additional 390 shares during the last quarter. Mather Group LLC. acquired a new stake in shares of Liberty Broadband during the third quarter worth $47,000. Quent Capital LLC acquired a new stake in shares of Liberty Broadband during the third quarter worth $53,000. Finally, EverSource Wealth Advisors LLC increased its holdings 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 purchasing an additional 273 shares during the last quarter. 80.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on LBRDK shares. Weiss Ratings restated a “sell (d)” rating on shares of Liberty Broadband in a report on Monday, December 29th. Wall Street Zen downgraded shares of Liberty Broadband from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Liberty Broadband presently has a consensus rating of “Sell”.

Insider Buying and Selling at Liberty Broadband

In other news, Director J David Wargo sold 2,889 shares of the stock in a transaction on Friday, December 5th. The shares were sold at an average price of $47.10, for a total transaction of $136,071.90. Following the completion of the sale, the director owned 31,542 shares of the company’s stock, valued at $1,485,628.20. This represents a 8.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 10.80% of the stock is owned by company insiders.

Liberty Broadband Price Performance

Shares of LBRDK opened at $57.65 on Wednesday. The stock has a 50 day simple moving average of $47.94 and a 200 day simple moving average of $54.09. Liberty Broadband Corporation has a 52-week low of $42.10 and a 52-week high of $104.00. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.10 and a current ratio of 0.10. The firm has a market capitalization of $8.27 billion, a PE ratio of 10.44 and a beta of 0.99.

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.