Liberty Broadband Corporation $LBRDA Stock Holdings Increased by Verition Fund Management LLC

Verition Fund Management LLC lifted its stake in Liberty Broadband Corporation (NASDAQ:LBRDA) by 37.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 404,192 shares of the company’s stock after purchasing an additional 111,105 shares during the quarter. Verition Fund Management LLC owned 0.28% of Liberty Broadband worth $19,514,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the stock. Bank of Nova Scotia purchased a new stake in shares of Liberty Broadband in the fourth quarter worth approximately $912,000. State Street Corp lifted its position in shares of Liberty Broadband by 6.2% in the fourth quarter. State Street Corp now owns 279,995 shares of the company’s stock worth $13,518,000 after purchasing an additional 16,227 shares in the last quarter. Federation des caisses Desjardins du Quebec lifted its position 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 purchasing an additional 248 shares in the last quarter. Renaissance Technologies LLC acquired a new position in Liberty Broadband in the fourth quarter worth approximately $1,480,000. Finally, Swiss National Bank increased its holdings in Liberty Broadband by 1.9% in the fourth quarter. Swiss National Bank now owns 32,400 shares of the company’s stock worth $1,564,000 after buying an additional 600 shares during the last quarter. 10.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Liberty Broadband Trading Down 1.7%

Shares of LBRDA stock opened at $33.55 on Tuesday. Liberty Broadband Corporation has a 12 month low of $29.59 and a 12 month high of $101.00. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.27. The business’s 50 day moving average is $40.11 and its two-hundred day 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:LBRDA) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $1.41 EPS for the quarter.

Liberty Broadband Profile

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.