Wedmont Private Capital purchased a new position in Liberty Broadband Corporation (NASDAQ:LBRDK – Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 31,141 shares of the company’s stock, valued at approximately $956,000.
Several other large investors also recently made changes to their positions in the business. AQR Capital Management LLC lifted its stake in Liberty Broadband by 3.7% during 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 during the last quarter. Integrated Wealth Concepts LLC grew its position in Liberty Broadband by 4.4% in the first quarter. Integrated Wealth Concepts LLC now owns 4,092 shares of the company’s stock worth $348,000 after buying an additional 174 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Liberty Broadband by 38.3% in 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 increased its holdings in shares of Liberty Broadband by 503.1% in 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 in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Liberty Broadband by 94.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 778,238 shares of the company’s stock valued at $66,189,000 after acquiring an additional 377,602 shares during the last quarter. Institutional investors own 80.22% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on LBRDK shares. Weiss Ratings lowered Liberty Broadband from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday, August 3rd. Citigroup decreased their price target on Liberty Broadband from $54.00 to $42.00 and set a “buy” rating for the company in a research report on Friday, August 14th. Finally, Wall Street Zen cut Liberty Broadband from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 1st. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $42.00.
Liberty Broadband Stock Performance
Liberty Broadband stock opened at $36.02 on Wednesday. The company has a 50 day moving average price of $33.86 and a 200 day moving average price of $39.80. Liberty Broadband Corporation has a 52 week low of $26.25 and a 52 week high of $65.72. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.09 and a current ratio of 0.09. The firm has a market capitalization of $5.17 billion, a price-to-earnings ratio of -5.15 and a beta of 0.64.
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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