DLD Asset Management LP decreased its position in Liberty Broadband Corporation (NASDAQ:LBRDK – Free Report) by 63.6% during the 1st quarter, Holdings Channel reports. The fund owned 29,357 shares of the company’s stock after selling 51,398 shares during the quarter. DLD Asset Management LP’s holdings in Liberty Broadband were worth $1,477,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC grew its holdings in Liberty Broadband by 4.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 4,092 shares of the company’s stock worth $348,000 after acquiring an additional 174 shares in the last quarter. Mariner LLC raised its holdings in shares of Liberty Broadband by 3.4% in the 3rd quarter. Mariner LLC now owns 6,958 shares of the company’s stock valued at $442,000 after purchasing an additional 226 shares in the last quarter. Fiduciary Alliance LLC raised its holdings in shares of Liberty Broadband by 3.9% in the 1st quarter. Fiduciary Alliance LLC now owns 6,211 shares of the company’s stock valued at $319,000 after purchasing an additional 236 shares in the last quarter. Captrust Financial Advisors lifted its position in shares of Liberty Broadband by 4.6% during the 2nd quarter. Captrust Financial Advisors now owns 5,376 shares of the company’s stock worth $529,000 after purchasing an additional 237 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its position in shares of Liberty Broadband by 0.7% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 35,369 shares of the company’s stock worth $2,247,000 after purchasing an additional 239 shares during the last quarter. Hedge funds and other institutional investors own 80.22% of the company’s stock.
Liberty Broadband Stock Performance
Shares of LBRDK opened at $30.40 on Thursday. The stock has a 50 day moving average price of $32.05 and a 200 day moving average price of $43.16. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $4.36 billion, a price-to-earnings ratio of -1.59 and a beta of 0.65. Liberty Broadband Corporation has a 52-week low of $29.08 and a 52-week high of $91.79.
Wall Street Analyst Weigh In
Check Out Our Latest Report on Liberty Broadband
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.
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