Liberty Broadband Corporation $LBRDK Shares Sold by Ruane Cunniff & Goldfarb L.P.

Ruane Cunniff & Goldfarb L.P. lessened its holdings in Liberty Broadband Corporation (NASDAQ:LBRDK) by 36.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,163,448 shares of the company’s stock after selling 678,176 shares during the period. Liberty Broadband comprises about 1.0% of Ruane Cunniff & Goldfarb L.P.’s portfolio, making the stock its 21st largest holding. Ruane Cunniff & Goldfarb L.P.’s holdings in Liberty Broadband were worth $58,521,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of LBRDK. Banyan Capital Management Inc. purchased a new stake in shares of Liberty Broadband in the fourth quarter valued at approximately $3,366,000. M&T Bank Corp lifted its position in shares of Liberty Broadband by 4,476.6% during the 4th quarter. M&T Bank Corp now owns 234,824 shares of the company’s stock valued at $12,421,000 after buying an additional 229,693 shares in the last quarter. Elser Financial Planning Inc purchased a new position in shares of Liberty Broadband during the 4th quarter valued at approximately $1,538,000. Investment Management Associates Inc. ADV grew its stake in Liberty Broadband by 8.8% in the 1st quarter. Investment Management Associates Inc. ADV now owns 467,220 shares of the company’s stock valued at $23,501,000 after acquiring an additional 37,936 shares during the period. Finally, Rothschild & Co Wealth Management UK Ltd increased its holdings in Liberty Broadband by 1.0% in the 4th quarter. Rothschild & Co Wealth Management UK Ltd now owns 953,079 shares of the company’s stock worth $46,320,000 after acquiring an additional 9,670 shares in the last quarter. Institutional investors and hedge funds own 80.22% of the company’s stock.

Liberty Broadband Stock Performance

NASDAQ LBRDK opened at $30.92 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.09 and a quick ratio of 1.09. The stock’s 50 day simple moving average is $31.83 and its 200-day simple moving average is $42.76. The company has a market cap of $4.44 billion, a PE ratio of -1.61 and a beta of 0.65. Liberty Broadband Corporation has a 1-year low of $26.25 and a 1-year high of $70.32.

Wall Street Analyst Weigh In

LBRDK has been the subject of a number of research analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of Liberty Broadband in a research report on Wednesday, June 24th. Wall Street Zen upgraded 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 currently has a consensus rating of “Sell”.

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.