Liberty Broadband Corporation $LBRDK is Slotnik Capital LLC’s 2nd Largest Position

Slotnik Capital LLC increased its stake in Liberty Broadband Corporation (NASDAQ:LBRDK) by 52.1% during the third quarter, Holdings Channel.com reports. The firm owned 619,224 shares of the company’s stock after purchasing an additional 212,100 shares during the quarter. Liberty Broadband accounts for approximately 12.3% of Slotnik Capital LLC’s holdings, making the stock its 2nd largest position. Slotnik Capital LLC’s holdings in Liberty Broadband were worth $39,345,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of LBRDK. Johnson Financial Group Inc. bought a new stake in Liberty Broadband during the third quarter valued at about $42,000. Mather Group LLC. bought a new position in shares of Liberty Broadband in the third quarter worth about $47,000. Quent Capital LLC purchased a new position in shares of Liberty Broadband during the 3rd quarter valued at about $53,000. EverSource Wealth Advisors LLC lifted its position 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 valued at $72,000 after buying an additional 273 shares in the last quarter. Finally, AlphaCore Capital LLC bought a new position in shares of Liberty Broadband during the 2nd quarter valued at approximately $80,000. 80.22% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued 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 Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Insider Buying and Selling

In other news, Director J David Wargo sold 2,232 shares of the business’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $57.61, for a total value of $128,585.52. Following the transaction, the director directly owned 471 shares in the company, valued at $27,134.31. The trade was a 82.57% 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 currently owned by corporate insiders.

Liberty Broadband Stock Up 1.2%

LBRDK opened at $50.74 on Friday. The stock has a market cap of $7.28 billion, a price-to-earnings ratio of -2.71 and a beta of 0.95. 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’s fifty day moving average is $50.45 and its 200 day moving average is $52.98. Liberty Broadband Corporation has a fifty-two week low of $42.10 and a fifty-two week high of $104.00.

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.