HBK Investments L P Increases Stock Position in Liberty Broadband Corporation $LBRDK

HBK Investments L P boosted its holdings in Liberty Broadband Corporation (NASDAQ:LBRDK) by 4.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,495,095 shares of the company’s stock after acquiring an additional 206,081 shares during the quarter. Liberty Broadband accounts for approximately 1.4% of HBK Investments L P’s holdings, making the stock its 17th largest position. HBK Investments L P owned approximately 3.13% of Liberty Broadband worth $149,507,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Western Wealth Management LLC bought a new position in shares of Liberty Broadband during the first quarter valued at $28,000. Essential Partners LLC increased its holdings in Liberty Broadband by 153.9% in the 1st quarter. Essential Partners LLC now owns 678 shares of the company’s stock worth $34,000 after buying an additional 411 shares in the last quarter. Rothschild Investment LLC increased its holdings in Liberty Broadband by 7,253.8% in the 4th quarter. Rothschild Investment LLC now owns 956 shares of the company’s stock worth $46,000 after buying an additional 943 shares in the last quarter. Nykredit A S purchased a new position in Liberty Broadband in the 2nd quarter worth about $73,000. Finally, EverSource Wealth Advisors LLC raised its position in Liberty Broadband by 155.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,548 shares of the company’s stock worth $78,000 after buying an additional 941 shares during the last quarter. 80.22% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Broadband Price Performance

Liberty Broadband stock remained flat at $36.02 during mid-day trading on Wednesday. The stock has a market cap of $5.17 billion, a price-to-earnings ratio of -5.15 and a beta of 0.64. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.10. Liberty Broadband Corporation has a twelve month low of $26.25 and a twelve month high of $65.72. The company’s 50 day moving average price is $34.24 and its 200-day moving average price is $39.19.

Analyst Ratings Changes

A number of brokerages have recently issued reports on LBRDK. Wall Street Zen downgraded shares of Liberty Broadband from a “sell” rating to a “strong sell” rating in a report on Saturday, August 1st. Weiss Ratings cut shares of Liberty Broadband from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, August 3rd. Finally, Citigroup lowered their price objective on shares of Liberty Broadband from $54.00 to $42.00 and set a “buy” rating on the stock in a research report on Friday, August 14th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, Liberty Broadband has a consensus rating of “Hold” and a consensus price target of $42.00.

Liberty Broadband Profile

Liberty Broadband Corporation is a holding company focused primarily on communications and broadband businesses. Its principal assets include GCI Holdings, LLC, an Alaska-based telecommunications provider, and an ownership interest in Charter Communications, Inc, a major U.S. broadband and cable operator.

Through GCI, Liberty Broadband provides broadband internet, wireless communications, video, voice, data networking and other telecommunications services to residential, business, government and wholesale customers.