ING Groep NV Acquires 374,500 Shares of Liberty Broadband Corporation $LBRDK

ING Groep NV increased its holdings in shares of Liberty Broadband Corporation (NASDAQ:LBRDK) by 72.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 894,300 shares of the company’s stock after acquiring an additional 374,500 shares during the quarter. ING Groep NV owned about 0.62% of Liberty Broadband worth $43,463,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Highlander Partners L.P. bought a new position in Liberty Broadband in the 4th quarter valued at about $26,000. eCIO Inc. bought a new position in Liberty Broadband in the 4th quarter valued at about $30,000. Johnson Financial Group Inc. bought a new position in Liberty Broadband in the 3rd quarter valued at about $42,000. Rothschild Investment LLC increased its holdings in Liberty Broadband by 7,253.8% in the 4th quarter. Rothschild Investment LLC now owns 956 shares of the company’s stock valued at $46,000 after buying an additional 943 shares during the period. Finally, Danske Bank A S bought a new position in Liberty Broadband in the 3rd quarter valued at about $51,000. 80.22% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on LBRDK shares. Wall Street Zen raised shares of Liberty Broadband from a “strong sell” rating to a “sell” rating in a report on Saturday, May 2nd. Weiss Ratings reissued 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, Based on data from MarketBeat.com, Liberty Broadband has a consensus rating of “Sell”.

Liberty Broadband Price Performance

LBRDK stock opened at $30.91 on Friday. The firm has a market cap of $4.44 billion, a P/E ratio of -1.61 and a beta of 0.66. 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 company’s 50-day moving average price is $42.35 and its two-hundred day moving average price is $46.87. Liberty Broadband Corporation has a 12 month low of $29.66 and a 12 month high of $101.46.

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.