Liberty Broadband Corporation $LBRDK is Capula Management Ltd’s 6th Largest Position

Capula Management Ltd grew its holdings in Liberty Broadband Corporation (NASDAQ:LBRDK) by 498.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 838,294 shares of the company’s stock after purchasing an additional 698,149 shares during the period. Liberty Broadband makes up about 0.3% of Capula Management Ltd’s holdings, making the stock its 6th biggest position. Capula Management Ltd’s holdings in Liberty Broadband were worth $42,166,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Norges Bank bought a new position in Liberty Broadband in the 4th quarter worth approximately $180,881,000. UBS Group AG raised its holdings in Liberty Broadband by 301.3% during the 4th quarter. UBS Group AG now owns 1,505,070 shares of the company’s stock valued at $73,146,000 after acquiring an additional 1,130,044 shares during the period. Balyasny Asset Management L.P. bought a new stake in Liberty Broadband during the 3rd quarter valued at $52,032,000. Marshall Wace LLP lifted its position in shares of Liberty Broadband by 475.3% during the third quarter. Marshall Wace LLP now owns 942,375 shares of the company’s stock worth $59,879,000 after acquiring an additional 778,580 shares in the last quarter. Finally, Greenstone Partners & Co. LLC purchased a new stake in shares of Liberty Broadband during the fourth quarter worth $37,501,000. 80.22% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LBRDK has been the subject of a number of analyst reports. Wall Street Zen raised Liberty Broadband from a “strong sell” rating to a “sell” rating in a report on Saturday, May 2nd. Weiss Ratings reiterated a “sell (d)” rating on shares of Liberty Broadband in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Liberty Broadband Stock Performance

NASDAQ:LBRDK opened at $29.71 on Friday. The stock has a market cap of $4.26 billion, a P/E ratio of -1.55 and a beta of 0.65. 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 price is $31.95 and its two-hundred day moving average price is $43.03. Liberty Broadband Corporation has a twelve month low of $28.94 and a twelve month high of $90.99.

About Liberty Broadband

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.