Athos Capital Ltd Purchases Shares of 169,122 Liberty Broadband Corporation $LBRDK

Athos Capital Ltd bought a new stake in Liberty Broadband Corporation (NASDAQ:LBRDK) in the 3rd quarter, according to its most recent filing with the SEC. The fund bought 169,122 shares of the company’s stock, valued at approximately $10,746,000. Liberty Broadband accounts for 6.8% of Athos Capital Ltd’s investment portfolio, making the stock its 4th largest holding. Athos Capital Ltd owned about 0.12% of Liberty Broadband as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of the business. Parkside Financial Bank & Trust lifted its position in shares of Liberty Broadband by 195.1% during the 2nd quarter. Parkside Financial Bank & Trust now owns 360 shares of the company’s stock valued at $35,000 after buying an additional 238 shares in the last quarter. Assetmark Inc. boosted its holdings in shares of Liberty Broadband by 1,054.1% during the 2nd quarter. Assetmark Inc. now owns 427 shares of the company’s stock worth $42,000 after purchasing an additional 390 shares during the last quarter. Mather Group LLC. acquired a new position in Liberty Broadband during the third quarter worth $47,000. EverSource Wealth Advisors LLC boosted its position in shares of Liberty Broadband by 59.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 733 shares of the company’s stock valued at $72,000 after acquiring an additional 273 shares during the last quarter. Finally, AlphaCore Capital LLC acquired a new position in Liberty Broadband in the 2nd quarter valued at about $80,000. Hedge funds and other institutional investors own 80.22% of the company’s stock.

Wall Street Analyst Weigh In

LBRDK has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Liberty Broadband in a report on Monday, December 29th. Wall Street Zen lowered Liberty Broadband from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Liberty Broadband currently has an average rating of “Sell”.

Insider Activity at Liberty Broadband

In other news, Director J David Wargo sold 2,232 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $57.61, for a total transaction of $128,585.52. Following the completion of the sale, the director owned 471 shares in the company, valued at $27,134.31. This represents a 82.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 10.80% of the stock is owned by company insiders.

Liberty Broadband Trading Up 0.8%

NASDAQ LBRDK opened at $54.12 on Friday. The firm’s fifty day moving average is $50.20 and its two-hundred day moving average is $53.30. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.10 and a current ratio of 0.10. The firm has a market cap of $7.77 billion, a PE ratio of -2.89 and a beta of 0.95. Liberty Broadband Corporation has a one year low of $42.10 and a one year high of $104.00.

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.