AIA Group Ltd Invests $929,000 in Liberty Broadband Corporation $LBRDK

AIA Group Ltd bought a new position in shares of Liberty Broadband Corporation (NASDAQ:LBRDK) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 14,622 shares of the company’s stock, valued at approximately $929,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LBRDK. Hudson Bay Capital Management LP grew its holdings in Liberty Broadband by 32.0% during the 3rd quarter. Hudson Bay Capital Management LP now owns 165,000 shares of the company’s stock valued at $10,484,000 after buying an additional 40,000 shares in the last quarter. Tudor Investment Corp ET AL grew its stake in Liberty Broadband by 47.7% during the third quarter. Tudor Investment Corp ET AL now owns 2,022,007 shares of the company’s stock valued at $128,478,000 after acquiring an additional 652,937 shares in the last quarter. Swiss Life Asset Management Ltd increased its holdings in Liberty Broadband by 80.3% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 5,459 shares of the company’s stock valued at $347,000 after acquiring an additional 2,432 shares during the last quarter. Polar Asset Management Partners Inc. bought a new stake in Liberty Broadband in the 3rd quarter valued at $19,062,000. Finally, CIBC Bancorp USA Inc. purchased a new stake in Liberty Broadband in the 3rd quarter worth $1,307,000. Institutional investors own 80.22% of the company’s stock.

Analyst Ratings Changes

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

Liberty Broadband Stock Performance

LBRDK opened at $49.48 on Friday. Liberty Broadband Corporation has a 12-month low of $42.10 and a 12-month high of $104.00. 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 firm has a market capitalization of $7.10 billion, a PE ratio of -2.64 and a beta of 0.95. The firm has a 50 day moving average of $50.56 and a two-hundred day moving average of $52.59.

Insider Activity

In related news, Director J David Wargo sold 44,450 shares of the business’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $57.30, for a total transaction of $2,546,985.00. Following the completion of the transaction, the director directly owned 19,150 shares in the company, valued at $1,097,295. The trade was a 69.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 10.80% of the stock is currently owned by company insiders.

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.