3G Capital Partners LP Takes $43.15 Million Position in Liberty Broadband Corporation (LBRDK)

3G Capital Partners LP purchased a new stake in shares of Liberty Broadband Corporation (NASDAQ:LBRDK) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 452,730 shares of the company’s stock, valued at approximately $43,145,000. Liberty Broadband comprises about 4.0% of 3G Capital Partners LP’s holdings, making the stock its 6th biggest position. 3G Capital Partners LP owned about 0.25% of Liberty Broadband at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in shares of Liberty Broadband by 9.3% in the 2nd quarter. BlackRock Inc. now owns 5,960,819 shares of the company’s stock valued at $517,099,000 after purchasing an additional 508,748 shares during the last quarter. Harris Associates L P raised its position in shares of Liberty Broadband by 9.2% in the 2nd quarter. Harris Associates L P now owns 1,834,770 shares of the company’s stock valued at $159,166,000 after purchasing an additional 154,535 shares during the last quarter. Naya Capital Management UK Ltd. raised its position in shares of Liberty Broadband by 7.3% in the 2nd quarter. Naya Capital Management UK Ltd. now owns 1,079,714 shares of the company’s stock valued at $93,665,000 after purchasing an additional 73,024 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Liberty Broadband by 72.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 978,077 shares of the company’s stock valued at $84,849,000 after purchasing an additional 410,879 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Liberty Broadband by 7.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 776,876 shares of the company’s stock valued at $74,031,000 after purchasing an additional 55,404 shares during the last quarter. 54.05% of the stock is owned by institutional investors and hedge funds.

A number of research firms have issued reports on LBRDK. Zacks Investment Research raised shares of Liberty Broadband from a “sell” rating to a “hold” rating in a research report on Tuesday, September 12th. TheStreet lowered shares of Liberty Broadband from a “b” rating to a “c+” rating in a research report on Wednesday, August 16th.

In other news, Director John C. Malone sold 8,550 shares of the firm’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $94.87, for a total transaction of $811,138.50. Following the sale, the director now owns 3,418,279 shares of the company’s stock, valued at approximately $324,292,128.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John C. Malone sold 45,000 shares of the firm’s stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $93.32, for a total transaction of $4,199,400.00. Following the sale, the director now directly owns 3,418,279 shares in the company, valued at approximately $318,993,796.28. The disclosure for this sale can be found here. Insiders have sold a total of 141,600 shares of company stock valued at $13,372,539 over the last three months. 10.80% of the stock is currently owned by insiders.

Liberty Broadband Corporation (NASDAQ LBRDK) opened at $84.67 on Monday. Liberty Broadband Corporation has a 1 year low of $71.52 and a 1 year high of $104.66. The company has a debt-to-equity ratio of 0.06, a quick ratio of 11.64 and a current ratio of 11.64. The stock has a market cap of $15,396.82, a P/E ratio of 846.70 and a beta of 1.30.

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About Liberty Broadband

Liberty Broadband Corporation holds interest in Charter Communications, Inc (Charter) and its subsidiary Skyhook Holding, Inc (Skyhook). The Company’s segments include Skyhook, Charter, and Corporate and other. Skyhook provides a wireless fidelity (Wi-Fi)-based location platform focused on providing positioning technology and contextual location intelligence solutions.

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

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