DLD Asset Management LP Makes New $4.64 Million Investment in Liberty Broadband Corporation $LBRDK

DLD Asset Management LP acquired a new position in shares of Liberty Broadband Corporation (NASDAQ:LBRDK) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 72,957 shares of the company’s stock, valued at approximately $4,636,000. DLD Asset Management LP owned approximately 0.05% of Liberty Broadband at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of LBRDK. Vanguard Group Inc. grew its holdings in shares of Liberty Broadband by 1.7% in the third quarter. Vanguard Group Inc. now owns 11,162,599 shares of the company’s stock valued at $709,272,000 after acquiring an additional 184,623 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Liberty Broadband by 6.2% during the third quarter. Dimensional Fund Advisors LP now owns 2,943,136 shares of the company’s stock worth $187,006,000 after acquiring an additional 171,378 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Liberty Broadband by 493.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,270,557 shares of the company’s stock valued at $144,271,000 after buying an additional 1,887,742 shares in the last quarter. State Street Corp increased its holdings in Liberty Broadband by 1.3% during the 2nd quarter. State Street Corp now owns 1,997,389 shares of the company’s stock worth $196,503,000 after acquiring an additional 25,781 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of Liberty Broadband by 71.3% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,557,714 shares of the company’s stock worth $153,248,000 after buying an additional 648,125 shares in the last quarter. Institutional investors own 80.22% of the company’s stock.

Insiders Place Their Bets

In other news, Director J David Wargo sold 44,450 shares of the stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $57.30, for a total transaction of $2,546,985.00. Following the transaction, the director directly owned 19,150 shares of the company’s stock, valued at $1,097,295. This represents a 69.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 10.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Liberty Broadband in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Liberty Broadband currently has an average rating of “Sell”.

Liberty Broadband Stock Up 0.8%

Shares of NASDAQ:LBRDK opened at $54.12 on Monday. The stock has a fifty day simple moving average of $50.20 and a two-hundred day simple moving average of $53.24. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $7.77 billion, a price-to-earnings ratio of -2.89 and a beta of 0.95. Liberty Broadband Corporation has a 12-month low of $42.10 and a 12-month 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.