Verition Fund Management LLC lifted its stake in Liberty Broadband Corporation (NASDAQ:LBRDA – Free Report) by 37.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 404,192 shares of the company’s stock after acquiring an additional 111,105 shares during the period. Verition Fund Management LLC’s holdings in Liberty Broadband were worth $19,514,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Franklin Resources Inc. grew its stake in shares of Liberty Broadband by 66.2% in the second quarter. Franklin Resources Inc. now owns 615 shares of the company’s stock worth $60,000 after acquiring an additional 245 shares during the last quarter. Comerica Bank grew its stake in shares of Liberty Broadband by 104.2% in the fourth quarter. Comerica Bank now owns 1,027 shares of the company’s stock worth $50,000 after acquiring an additional 524 shares during the last quarter. Federation des caisses Desjardins du Quebec grew its stake in shares of Liberty Broadband by 22.0% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 1,377 shares of the company’s stock worth $66,000 after acquiring an additional 248 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its stake in shares of Liberty Broadband by 62.3% in the second quarter. CANADA LIFE ASSURANCE Co now owns 2,245 shares of the company’s stock worth $220,000 after acquiring an additional 862 shares during the last quarter. Finally, CIBC Private Wealth Group LLC grew its stake in shares of Liberty Broadband by 26.4% in the third quarter. CIBC Private Wealth Group LLC now owns 2,621 shares of the company’s stock worth $166,000 after acquiring an additional 547 shares during the last quarter. Institutional investors and hedge funds own 10.29% of the company’s stock.
Analyst Ratings Changes
Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Liberty Broadband in a research report on Friday, March 27th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.
Liberty Broadband Stock Down 1.7%
Shares of NASDAQ LBRDA opened at $33.55 on Tuesday. The stock has a market cap of $4.81 billion, a PE ratio of -1.75 and a beta of 0.66. The business has a fifty day moving average of $40.11 and a two-hundred day moving average of $46.20. Liberty Broadband Corporation has a 52-week low of $29.59 and a 52-week high of $101.00. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.09 and a current ratio of 1.09.
Liberty Broadband (NASDAQ:LBRDA – Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $1.41 earnings per share (EPS) for the quarter.
About Liberty Broadband
Liberty Broadband Corporation is a holding company primarily focused on investments in broadband businesses, most notably a significant equity interest in Charter Communications, Inc As a shareholder of Charter’s Class A common stock, Liberty Broadband benefits from the growth and operational performance of one of the largest cable and broadband providers in the United States. The company does not operate consumer services directly but instead seeks to enhance shareholder value through its strategic stake and board representation in Charter.
In addition to its Charter position, Liberty Broadband holds an ownership interest in GCI Liberty, Inc, a holding company with interests in an Alaskan telecommunications provider and other media assets.
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