Liberty Broadband Corporation $LBRDK Stock Position Lowered by Readystate Asset Management LP

Readystate Asset Management LP decreased its position in Liberty Broadband Corporation (NASDAQ:LBRDKFree Report) by 17.4% in the first quarter, HoldingsChannel reports. The firm owned 357,905 shares of the company’s stock after selling 75,528 shares during the period. Liberty Broadband accounts for about 0.8% of Readystate Asset Management LP’s investment portfolio, making the stock its 27th biggest holding. Readystate Asset Management LP’s holdings in Liberty Broadband were worth $18,003,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in LBRDK. AQR Capital Management LLC lifted its holdings in shares of Liberty Broadband by 3.7% in the first quarter. AQR Capital Management LLC now owns 20,132 shares of the company’s stock valued at $1,707,000 after purchasing an additional 717 shares in the last quarter. Integrated Wealth Concepts LLC grew its holdings in shares of Liberty Broadband by 4.4% during the first quarter. Integrated Wealth Concepts LLC now owns 4,092 shares of the company’s stock valued at $348,000 after buying an additional 174 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Liberty Broadband by 38.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,773 shares of the company’s stock valued at $2,617,000 after buying an additional 8,521 shares in the last quarter. Jones Financial Companies Lllp raised its position in Liberty Broadband by 503.1% during the first quarter. Jones Financial Companies Lllp now owns 2,943 shares of the company’s stock valued at $250,000 after buying an additional 2,455 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in Liberty Broadband by 94.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 778,238 shares of the company’s stock worth $66,189,000 after acquiring an additional 377,602 shares during the period. 80.22% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on LBRDK shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Liberty Broadband in a report on Wednesday, June 24th. Wall Street Zen raised shares of 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, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Get Our Latest Research Report on LBRDK

Liberty Broadband Stock Up 6.3%

Liberty Broadband stock opened at $32.87 on Wednesday. The company has a market capitalization of $4.72 billion, a P/E ratio of -1.71 and a beta of 0.65. The firm’s fifty day simple moving average is $31.82 and its 200-day simple moving average is $42.65. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.27. Liberty Broadband Corporation has a 1-year low of $26.25 and a 1-year high of $68.17.

Liberty Broadband 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.

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

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