Citigroup Inc. Has $31.03 Million Stake in Liberty Broadband Corporation $LBRDK

Citigroup Inc. grew its position in shares of Liberty Broadband Corporation (NASDAQ:LBRDK) by 263.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 488,352 shares of the company’s stock after buying an additional 353,821 shares during the period. Citigroup Inc. owned approximately 0.34% of Liberty Broadband worth $31,030,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in LBRDK. Integrated Wealth Concepts LLC raised its stake in Liberty Broadband by 4.4% in the first quarter. Integrated Wealth Concepts LLC now owns 4,092 shares of the company’s stock valued at $348,000 after purchasing an additional 174 shares in the last quarter. Captrust Financial Advisors raised its position in shares of Liberty Broadband by 4.6% in the 2nd quarter. Captrust Financial Advisors now owns 5,376 shares of the company’s stock valued at $529,000 after buying an additional 237 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings 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 worth $35,000 after acquiring an additional 238 shares during the period. Treasurer of the State of North Carolina boosted its position in shares of Liberty Broadband by 0.5% during the 2nd quarter. Treasurer of the State of North Carolina now owns 52,296 shares of the company’s stock worth $5,145,000 after acquiring an additional 258 shares in the last quarter. Finally, 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 worth $72,000 after acquiring an additional 273 shares in the last quarter. 80.22% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Liberty Broadband news, Director J David Wargo sold 2,232 shares of Liberty Broadband 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 directly owned 471 shares of the company’s stock, 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. Insiders have sold 49,571 shares of company stock valued at $2,811,642 in the last ninety days. Company insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

LBRDK has been the subject of several research analyst reports. Weiss Ratings reissued a “sell (d)” rating on shares of Liberty Broadband in a research note on Monday, December 29th. Wall Street Zen downgraded shares of Liberty Broadband from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Liberty Broadband Price Performance

Liberty Broadband stock opened at $52.54 on Thursday. The stock’s 50 day moving average price is $49.39 and its two-hundred day moving average price is $53.63. The stock has a market capitalization of $7.54 billion, a price-to-earnings ratio of 9.52 and a beta of 0.99. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.10 and a current ratio of 0.10. Liberty Broadband Corporation has a 52-week low of $42.10 and a 52-week high of $104.00.

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.