14,714 Shares in Liberty Broadband Corporation $LBRDK Acquired by Alpine Global Management LLC

Alpine Global Management LLC acquired a new position in shares of Liberty Broadband Corporation (NASDAQ:LBRDK) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 14,714 shares of the company’s stock, valued at approximately $935,000.

Other large investors also recently added to or reduced their stakes in the company. AQR Capital Management LLC grew its holdings in shares of Liberty Broadband by 3.7% during the first quarter. AQR Capital Management LLC now owns 20,132 shares of the company’s stock valued at $1,707,000 after buying an additional 717 shares in the last quarter. Integrated Wealth Concepts LLC grew 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 acquiring an additional 174 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Liberty Broadband by 38.3% in the 1st 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 during the period. Jones Financial Companies Lllp lifted its position in shares of Liberty Broadband by 503.1% in the first quarter. Jones Financial Companies Lllp now owns 2,943 shares of the company’s stock worth $250,000 after purchasing an additional 2,455 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Liberty Broadband by 94.3% in the first quarter. Goldman Sachs Group Inc. now owns 778,238 shares of the company’s stock worth $66,189,000 after purchasing an additional 377,602 shares in the last quarter. 80.22% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Liberty Broadband Price Performance

NASDAQ LBRDK opened at $51.85 on Wednesday. Liberty Broadband Corporation has a 1 year low of $42.10 and a 1 year high of $104.00. The company has a fifty day simple moving average of $50.54 and a 200 day simple moving average of $52.72. 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 company has a market cap of $7.44 billion, a P/E ratio of -2.77 and a beta of 0.95.

Insider Transactions at Liberty Broadband

In other news, Director J David Wargo sold 2,232 shares of Liberty Broadband stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $57.61, for a total value of $128,585.52. Following the transaction, the director directly owned 471 shares in the company, valued at approximately $27,134.31. The trade was a 82.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 10.80% of the stock is owned by company insiders.

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.