Liberty Broadband Corporation $LBRDK Stock Position Boosted by Weitz Investment Management Inc.

Weitz Investment Management Inc. boosted its stake in Liberty Broadband Corporation (NASDAQ:LBRDKFree 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”.

Check Out Our Latest Analysis on LBRDK

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

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Liberty Broadband (NASDAQ:LBRDK)

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