Weitz Investment Management Inc. boosted its stake in Liberty Broadband Corporation (NASDAQ:LBRDK – Free Report) by 30.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 651,000 shares of the company’s stock after buying an additional 150,500 shares during the period. Liberty Broadband accounts for 1.9% of Weitz Investment Management Inc.’s portfolio, making the stock its 21st biggest holding. Weitz Investment Management Inc. owned about 0.45% of Liberty Broadband worth $31,639,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Highlander Partners L.P. bought a new position in Liberty Broadband in the 4th quarter valued at about $26,000. eCIO Inc. bought a new position in Liberty Broadband in the 4th quarter valued at about $30,000. Johnson Financial Group Inc. bought a new position in Liberty Broadband in the 3rd quarter valued at about $42,000. EverSource Wealth Advisors LLC grew its position in Liberty Broadband by 59.3% in 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, Danske Bank A S bought a new position in shares of Liberty Broadband during the 3rd quarter valued at about $51,000. Institutional investors own 80.22% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on LBRDK shares. Weiss Ratings restated a “sell (d)” rating on shares of Liberty Broadband in a research report on Friday, March 27th. Wall Street Zen upgraded shares of Liberty Broadband from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 2nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Liberty Broadband presently has an average rating of “Sell”.
Liberty Broadband Stock Performance
NASDAQ:LBRDK opened at $32.62 on Friday. Liberty Broadband Corporation has a twelve month low of $29.66 and a twelve month high of $101.46. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.27. The company has a 50-day moving average of $40.83 and a 200-day moving average of $46.48. The firm has a market cap of $4.68 billion, a price-to-earnings ratio of -1.70 and a beta of 0.66.
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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