Slotnik Capital LLC Invests $12.73 Million in Liberty Broadband Corporation $LBRDA

Slotnik Capital LLC acquired a new position in Liberty Broadband Corporation (NASDAQ:LBRDAFree Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 263,700 shares of the company’s stock, valued at approximately $12,731,000. Liberty Broadband accounts for approximately 3.0% of Slotnik Capital LLC’s portfolio, making the stock its 13th largest holding. Slotnik Capital LLC owned 0.18% of Liberty Broadband at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Liberty Broadband by 5.7% in the fourth quarter. Vanguard Group Inc. now owns 1,679,806 shares of the company’s stock worth $81,101,000 after buying an additional 91,276 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Liberty Broadband by 2.4% in the third quarter. Dimensional Fund Advisors LP now owns 496,391 shares of the company’s stock worth $31,436,000 after buying an additional 11,789 shares in the last quarter. Verition Fund Management LLC lifted its position in shares of Liberty Broadband by 37.9% in the fourth quarter. Verition Fund Management LLC now owns 404,192 shares of the company’s stock worth $19,514,000 after buying an additional 111,105 shares in the last quarter. Whitebox Advisors LLC lifted its position in shares of Liberty Broadband by 1.4% in the second quarter. Whitebox Advisors LLC now owns 348,076 shares of the company’s stock worth $34,049,000 after buying an additional 4,825 shares in the last quarter. Finally, Squarepoint Ops LLC lifted its position in shares of Liberty Broadband by 364.1% in the third quarter. Squarepoint Ops LLC now owns 322,751 shares of the company’s stock worth $20,440,000 after buying an additional 253,211 shares in the last quarter. 10.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Liberty Broadband in a research report on Friday, March 27th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Liberty Broadband currently has a consensus rating of “Sell”.

View Our Latest Research Report on Liberty Broadband

Liberty Broadband Trading Down 1.7%

Shares of LBRDA stock opened at $33.55 on Tuesday. Liberty Broadband Corporation has a 1 year low of $29.59 and a 1 year high of $101.00. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.09 and a quick ratio of 1.09. The stock’s 50 day simple moving average is $40.11 and its two-hundred day simple moving average is $46.20. The company has a market cap of $4.81 billion, a PE ratio of -1.75 and a beta of 0.66.

Liberty Broadband (NASDAQ:LBRDAGet 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

(Free Report)

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.

Further Reading

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

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