DLD Asset Management LP Makes New Investment in Liberty Broadband Corporation $LBRDA

DLD Asset Management LP acquired a new stake in Liberty Broadband Corporation (NASDAQ:LBRDA) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 10,681 shares of the company’s stock, valued at approximately $676,000.

Several other large investors have also made changes to their positions in the business. Vanguard Group Inc. grew its stake in Liberty Broadband by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 1,588,530 shares of the company’s stock valued at $100,602,000 after acquiring an additional 11,709 shares during the period. Dimensional Fund Advisors LP raised its position in Liberty Broadband by 2.4% during the third quarter. Dimensional Fund Advisors LP now owns 496,391 shares of the company’s stock worth $31,436,000 after acquiring an additional 11,789 shares during the period. Arrowstreet Capital Limited Partnership raised its position in Liberty Broadband by 31.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 467,550 shares of the company’s stock worth $45,736,000 after acquiring an additional 111,853 shares during the period. Whitebox Advisors LLC lifted its holdings in Liberty Broadband by 1.4% during the second quarter. Whitebox Advisors LLC now owns 348,076 shares of the company’s stock valued at $34,049,000 after purchasing an additional 4,825 shares in the last quarter. Finally, Norges Bank purchased a new position in Liberty Broadband during the second quarter valued at $21,089,000. 10.29% of the stock is owned by institutional investors and hedge funds.

Liberty Broadband Stock Performance

Shares of NASDAQ:LBRDA opened at $54.07 on Monday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.10 and a quick ratio of 0.10. The business’s 50 day moving average price is $50.05 and its 200-day moving average price is $53.04. The firm has a market capitalization of $7.76 billion, a PE ratio of -2.89 and a beta of 0.95. Liberty Broadband Corporation has a 1 year low of $42.05 and a 1 year high of $102.38.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Liberty Broadband in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Liberty Broadband currently has a consensus rating of “Hold” and an average price target of $115.00.

Insider Transactions at Liberty Broadband

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 transaction of $128,585.52. Following the sale, the director owned 471 shares of the company’s stock, valued at $27,134.31. The trade was a 82.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 11.59% of the stock is currently owned by company insiders.

About Liberty Broadband

Liberty Broadband Corporation is a holding company primarily focused on investments in broadband businesses, most notably a significant equity interest in Charter Communications, Inc As a shareholder of Charter’s Class A common stock, Liberty Broadband benefits from the growth and operational performance of one of the largest cable and broadband providers in the United States. The company does not operate consumer services directly but instead seeks to enhance shareholder value through its strategic stake and board representation in Charter.

In addition to its Charter position, Liberty Broadband holds an ownership interest in GCI Liberty, Inc, a holding company with interests in an Alaskan telecommunications provider and other media assets.