ING Groep NV lifted its stake in shares of Liberty Broadband Corporation (NASDAQ:LBRDK – Free Report) by 72.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 894,300 shares of the company’s stock after purchasing an additional 374,500 shares during the quarter. ING Groep NV’s holdings in Liberty Broadband were worth $43,463,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Integrated Wealth Concepts LLC grew its holdings in shares of Liberty Broadband by 4.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 4,092 shares of the company’s stock valued at $348,000 after purchasing an additional 174 shares during the last quarter. Mariner LLC grew its holdings in Liberty Broadband by 3.4% during the 3rd quarter. Mariner LLC now owns 6,958 shares of the company’s stock worth $442,000 after acquiring an additional 226 shares during the last quarter. Captrust Financial Advisors grew its holdings in 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 acquiring an additional 237 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in 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 acquiring an additional 239 shares during the last quarter. Finally, Treasurer of the State of North Carolina grew its holdings in Liberty Broadband by 0.5% during the 2nd quarter. Treasurer of the State of North Carolina now owns 52,296 shares of the company’s stock worth $5,145,000 after acquiring an additional 258 shares during the last quarter. 80.22% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of equities research analysts have weighed in on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Liberty Broadband in a report on Friday, March 27th. Wall Street Zen raised Liberty Broadband from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 2nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Liberty Broadband has a consensus rating of “Sell”.
Liberty Broadband Stock Up 2.5%
Shares of NASDAQ:LBRDK opened at $30.91 on Friday. The firm has a market cap of $4.44 billion, a P/E ratio of -1.61 and a beta of 0.66. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.27. Liberty Broadband Corporation has a 12-month low of $29.66 and a 12-month high of $101.46. The business has a fifty day simple moving average of $42.35 and a 200 day simple moving average of $46.87.
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.
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