Liberty Broadband Corporation $LBRDK Shares Acquired by Kintayl Capital LP

Kintayl Capital LP boosted its stake in Liberty Broadband Corporation (NASDAQ:LBRDK) by 12.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 180,728 shares of the company’s stock after purchasing an additional 20,414 shares during the period. Liberty Broadband comprises about 7.1% of Kintayl Capital LP’s holdings, making the stock its 3rd largest holding. Kintayl Capital LP owned about 0.13% of Liberty Broadband worth $11,483,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Jain Global LLC lifted its stake in shares of Liberty Broadband by 1,173.9% in the 3rd quarter. Jain Global LLC now owns 33,134 shares of the company’s stock valued at $2,105,000 after acquiring an additional 30,533 shares during the last quarter. Holocene Advisors LP bought a new stake in Liberty Broadband during the 3rd quarter worth $2,432,000. Capula Management Ltd grew its position in Liberty Broadband by 1,365.3% during the 3rd quarter. Capula Management Ltd now owns 349,413 shares of the company’s stock worth $22,202,000 after acquiring an additional 325,567 shares during the last quarter. Bank of Nova Scotia increased its holdings in Liberty Broadband by 32.3% in the 3rd quarter. Bank of Nova Scotia now owns 164,811 shares of the company’s stock worth $10,472,000 after purchasing an additional 40,200 shares in the last quarter. Finally, Algert Global LLC raised its position in Liberty Broadband by 51.1% in the third quarter. Algert Global LLC now owns 121,883 shares of the company’s stock valued at $7,744,000 after purchasing an additional 41,225 shares during the last quarter. Institutional investors own 80.22% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Liberty Broadband in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Liberty Broadband Price Performance

LBRDK stock opened at $50.68 on Tuesday. The company has a market capitalization of $7.27 billion, a P/E ratio of -2.71 and a beta of 0.95. The company has a fifty day moving average price of $50.48 and a 200-day moving average price of $52.79. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.10 and a current ratio of 0.10. Liberty Broadband Corporation has a 52-week low of $42.10 and a 52-week high of $104.00.

Insiders Place Their Bets

In related news, Director J David Wargo sold 2,232 shares of the firm’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $57.61, for a total transaction of $128,585.52. Following the completion of the transaction, the director directly owned 471 shares of the company’s stock, valued at $27,134.31. This trade represents a 82.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 10.80% of the stock is owned by insiders.

About Liberty Broadband

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.