Edgestream Partners L.P. Purchases New Holdings in Liberty Broadband Corporation $LBRDK

Edgestream Partners L.P. acquired a new position in shares of Liberty Broadband Corporation (NASDAQ:LBRDK) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 134,725 shares of the company’s stock, valued at approximately $6,777,000. Edgestream Partners L.P. owned 0.09% of Liberty Broadband at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. AQR Capital Management LLC lifted its holdings in shares of Liberty Broadband by 3.7% during the first quarter. AQR Capital Management LLC now owns 20,132 shares of the company’s stock worth $1,707,000 after purchasing an additional 717 shares during the period. Integrated Wealth Concepts LLC raised its position in Liberty Broadband by 4.4% during the 1st 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. raised its position in Liberty Broadband by 38.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,773 shares of the company’s stock worth $2,617,000 after buying an additional 8,521 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in shares of Liberty Broadband by 503.1% in the 1st quarter. Jones Financial Companies Lllp now owns 2,943 shares of the company’s stock worth $250,000 after acquiring an additional 2,455 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Liberty Broadband by 94.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 778,238 shares of the company’s stock worth $66,189,000 after acquiring an additional 377,602 shares during the period. 80.22% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Broadband Price Performance

Shares of NASDAQ:LBRDK opened at $33.36 on Friday. The business’s 50 day simple moving average is $31.80 and its 200-day simple moving average is $42.44. The firm has a market capitalization of $4.79 billion, a price-to-earnings ratio of -1.74 and a beta of 0.65. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.09 and a quick ratio of 1.09. Liberty Broadband Corporation has a 12 month low of $26.25 and a 12 month high of $65.72.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on LBRDK. Weiss Ratings reiterated a “sell (d)” rating on shares of Liberty Broadband in a research note 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 research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Liberty Broadband 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.