Liberty Broadband Corporation $LBRDK Shares Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. grew its position in shares of Liberty Broadband Corporation (NASDAQ:LBRDK) by 8.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,416,591 shares of the company’s stock after acquiring an additional 189,394 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Liberty Broadband were worth $80,376,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. AQR Capital Management LLC grew its holdings in Liberty Broadband by 3.7% in the 1st quarter. AQR Capital Management LLC now owns 20,132 shares of the company’s stock worth $1,707,000 after buying an additional 717 shares in the last quarter. Integrated Wealth Concepts LLC raised its stake in Liberty Broadband by 4.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 4,092 shares of the company’s stock valued at $348,000 after purchasing an additional 174 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Liberty Broadband by 38.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,773 shares of the company’s stock valued at $2,617,000 after purchasing an additional 8,521 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Liberty Broadband by 503.1% during the first quarter. Jones Financial Companies Lllp now owns 2,943 shares of the company’s stock valued at $250,000 after buying an additional 2,455 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Liberty Broadband by 94.3% during the first quarter. Goldman Sachs Group Inc. now owns 778,238 shares of the company’s stock valued at $66,189,000 after buying an additional 377,602 shares in the last quarter. Institutional investors and hedge funds own 80.22% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on LBRDK. Wall Street Zen downgraded Liberty Broadband from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 1st. Weiss Ratings downgraded shares of Liberty Broadband from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Liberty Broadband Price Performance

Shares of LBRDK opened at $35.88 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.09 and a current ratio of 0.09. The firm has a market cap of $5.15 billion, a PE ratio of -5.13 and a beta of 0.64. The firm’s 50 day moving average price is $31.97 and its 200 day moving average price is $42.01. Liberty Broadband Corporation has a twelve month low of $26.25 and a twelve month high of $65.72.

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.