31,650 Shares in Liberty Broadband Corporation $LBRDK Bought by Elser Financial Planning Inc

Elser Financial Planning Inc bought a new stake in shares of Liberty Broadband Corporation (NASDAQ:LBRDK) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 31,650 shares of the company’s stock, valued at approximately $1,538,000. Liberty Broadband accounts for about 1.1% of Elser Financial Planning Inc’s investment portfolio, making the stock its 17th largest position.

Several other hedge funds also recently added to or reduced their stakes in LBRDK. DLD Asset Management LP acquired a new position in Liberty Broadband in the third quarter valued at approximately $4,636,000. JPMorgan Chase & Co. grew its stake in shares of Liberty Broadband by 493.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,270,557 shares of the company’s stock worth $144,271,000 after purchasing an additional 1,887,742 shares during the period. Alpine Associates Management Inc. purchased a new position in shares of Liberty Broadband during the 3rd quarter valued at approximately $32,323,000. Athos Capital Ltd purchased a new position in shares of Liberty Broadband during the 3rd quarter valued at approximately $10,746,000. Finally, Hudson Bay Capital Management LP lifted its stake in shares of Liberty Broadband by 32.0% in the 3rd quarter. Hudson Bay Capital Management LP now owns 165,000 shares of the company’s stock valued at $10,484,000 after purchasing an additional 40,000 shares during the period. 80.22% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Liberty Broadband

In related news, Director J David Wargo sold 2,232 shares of the business’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $57.61, for a total value of $128,585.52. Following the completion of the sale, the director owned 471 shares of the company’s stock, valued at approximately $27,134.31. The trade was a 82.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Liberty Broadband in a report on Friday. One analyst has rated the stock with a Sell rating, According to MarketBeat, Liberty Broadband presently has a consensus rating of “Sell”.

Liberty Broadband Stock Down 2.3%

Shares of LBRDK opened at $50.30 on Wednesday. The firm has a market cap of $7.22 billion, a P/E ratio of -2.69 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. The stock’s 50 day moving average is $51.31 and its two-hundred day moving average is $52.01. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.14.

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.