M&T Bank Corp Acquires 229,693 Shares of Liberty Broadband Corporation $LBRDK

M&T Bank Corp raised its holdings in Liberty Broadband Corporation (NASDAQ:LBRDK) by 4,476.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 234,824 shares of the company’s stock after purchasing an additional 229,693 shares during the period. M&T Bank Corp’s holdings in Liberty Broadband were worth $12,421,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. eCIO Inc. bought a new stake in Liberty Broadband in the 4th quarter valued at about $30,000. Johnson Financial Group Inc. bought a new stake in Liberty Broadband in the 3rd quarter valued at about $42,000. Mather Group LLC. bought a new stake in Liberty Broadband in the 3rd quarter valued at about $47,000. EverSource Wealth Advisors LLC boosted its holdings in Liberty Broadband by 59.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 733 shares of the company’s stock valued at $72,000 after purchasing an additional 273 shares during the period. Finally, Danske Bank A S bought a new stake in Liberty Broadband in the 3rd quarter valued at about $51,000. Institutional investors own 80.22% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Liberty Broadband in a research report on Friday, March 27th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Liberty Broadband Price Performance

Shares of NASDAQ:LBRDK opened at $56.47 on Friday. The firm has a 50 day moving average of $52.60 and a 200-day moving average of $51.12. The stock has a market capitalization of $8.10 billion, a PE ratio of -3.02 and a beta of 0.96. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.14. Liberty Broadband Corporation has a 12 month low of $42.10 and a 12 month high of $104.00.

Insider Activity at Liberty Broadband

In other news, Director J David Wargo sold 44,450 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $57.30, for a total value of $2,546,985.00. Following the completion of the transaction, the director directly owned 19,150 shares in the company, valued at approximately $1,097,295. The trade was a 69.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 10.80% of the company’s stock.

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.