HBK Investments L P Increases Stake in Liberty Broadband Corporation $LBRDK

HBK Investments L P grew its holdings in Liberty Broadband Corporation (NASDAQ:LBRDK) by 4.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,495,095 shares of the company’s stock after acquiring an additional 206,081 shares during the period. Liberty Broadband accounts for 1.4% of HBK Investments L P’s portfolio, making the stock its 17th largest holding. HBK Investments L P’s holdings in Liberty Broadband were worth $149,507,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of LBRDK. Fiduciary Alliance LLC increased its stake in shares of Liberty Broadband by 3.9% in the 1st quarter. Fiduciary Alliance LLC now owns 6,211 shares of the company’s stock worth $319,000 after purchasing an additional 236 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in Liberty Broadband by 5.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 6,196 shares of the company’s stock valued at $301,000 after purchasing an additional 310 shares in the last quarter. Optimize Financial Inc lifted its position in Liberty Broadband by 1.5% during the fourth quarter. Optimize Financial Inc now owns 25,036 shares of the company’s stock valued at $1,217,000 after purchasing an additional 360 shares in the last quarter. Essential Partners LLC grew its holdings in Liberty Broadband by 153.9% during the first quarter. Essential Partners LLC now owns 678 shares of the company’s stock valued at $34,000 after purchasing an additional 411 shares during the period. Finally, S&CO Inc. grew its holdings in Liberty Broadband by 0.4% during the first quarter. S&CO Inc. now owns 121,034 shares of the company’s stock valued at $6,088,000 after purchasing an additional 434 shares during the period. Hedge funds and other institutional investors own 80.22% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on LBRDK shares. 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 Liberty Broadband from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday, August 3rd. Finally, Citigroup lowered their price target on Liberty Broadband from $54.00 to $42.00 and set a “buy” rating on the stock in a report on Friday, August 14th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $42.00.

Liberty Broadband Price Performance

Shares of NASDAQ:LBRDK remained flat at $36.02 during midday trading on Wednesday. The firm has a market cap of $5.17 billion, a P/E ratio of -5.15 and a beta of 0.64. The firm’s 50 day moving average is $34.24 and its 200 day moving average is $39.19. Liberty Broadband Corporation has a twelve month low of $26.25 and a twelve month high of $65.72. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.09 and a quick ratio of 0.09.

Liberty Broadband Company Profile

Liberty Broadband Corporation is a holding company focused primarily on communications and broadband businesses. Its principal assets include GCI Holdings, LLC, an Alaska-based telecommunications provider, and an ownership interest in Charter Communications, Inc, a major U.S. broadband and cable operator.

Through GCI, Liberty Broadband provides broadband internet, wireless communications, video, voice, data networking and other telecommunications services to residential, business, government and wholesale customers.