Liberty Broadband Corporation $LBRDA Shares Bought by Bislett Management LLC

Bislett Management LLC lifted its holdings in Liberty Broadband Corporation (NASDAQ:LBRDA) by 17.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 165,000 shares of the company’s stock after acquiring an additional 25,000 shares during the quarter. Liberty Broadband makes up approximately 7.6% of Bislett Management LLC’s holdings, making the stock its 5th largest holding. Bislett Management LLC owned about 0.11% of Liberty Broadband worth $10,449,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership grew its holdings in shares of 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 purchasing an additional 111,853 shares during the last quarter. XTX Topco Ltd bought a new stake in Liberty Broadband during the 2nd quarter worth about $1,322,000. Yakira Capital Management Inc. increased its position in Liberty Broadband by 48.1% in the 3rd quarter. Yakira Capital Management Inc. now owns 94,522 shares of the company’s stock valued at $5,986,000 after acquiring an additional 30,711 shares in the last quarter. Squarepoint Ops LLC bought a new position in shares of Liberty Broadband in the second quarter worth about $6,802,000. Finally, JPMorgan Chase & Co. grew its stake in shares of Liberty Broadband by 653.5% during the second quarter. JPMorgan Chase & Co. now owns 114,893 shares of the company’s stock valued at $11,239,000 after purchasing an additional 99,645 shares during the last quarter. 10.29% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Liberty Broadband

In other news, Director J David Wargo sold 44,450 shares of the company’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $57.30, for a total value of $2,546,985.00. Following the completion of the sale, the director directly owned 19,150 shares of the company’s stock, valued at $1,097,295. This represents a 69.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 11.59% of the company’s stock.

Liberty Broadband Stock Performance

Shares of Liberty Broadband stock opened at $52.08 on Thursday. The firm has a fifty day moving average of $50.25 and a two-hundred day moving average of $52.89. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.10 and a current ratio of 0.10. The stock has a market capitalization of $7.47 billion, a price-to-earnings ratio of -2.78 and a beta of 0.95. Liberty Broadband Corporation has a 52 week low of $42.05 and a 52 week high of $102.38.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed 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 given a Sell rating to the stock. According to MarketBeat.com, Liberty Broadband presently has an average rating of “Hold” and a consensus price target of $115.00.

Liberty Broadband Company Profile

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.