Algert Global LLC Has $7.74 Million Holdings in Liberty Broadband Corporation $LBRDK

Algert Global LLC increased its holdings in Liberty Broadband Corporation (NASDAQ:LBRDK) by 51.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 121,883 shares of the company’s stock after purchasing an additional 41,225 shares during the quarter. Algert Global LLC owned approximately 0.08% of Liberty Broadband worth $7,744,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. DLD Asset Management LP bought a new position in shares of Liberty Broadband during the third quarter worth about $4,636,000. JPMorgan Chase & Co. boosted its holdings in Liberty Broadband by 493.1% in the third quarter. JPMorgan Chase & Co. now owns 2,270,557 shares of the company’s stock valued at $144,271,000 after acquiring an additional 1,887,742 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Liberty Broadband by 0.6% in the second quarter. Charles Schwab Investment Management Inc. now owns 1,025,474 shares of the company’s stock valued at $100,886,000 after acquiring an additional 5,763 shares during the last quarter. Alpine Associates Management Inc. acquired a new stake in Liberty Broadband during the 3rd quarter valued at approximately $32,323,000. Finally, Athos Capital Ltd bought a new position in Liberty Broadband during the 3rd quarter worth approximately $10,746,000. 80.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In related news, Director J David Wargo sold 44,450 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $57.30, for a total transaction of $2,546,985.00. Following the transaction, the director directly owned 19,150 shares of the company’s stock, valued at approximately $1,097,295. This represents a 69.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 10.80% of the company’s stock.

Liberty Broadband Stock Down 0.1%

Liberty Broadband stock opened at $50.68 on Tuesday. The company has a market capitalization of $7.27 billion, a PE ratio of -2.71 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 firm’s fifty day moving average is $50.48 and its 200 day moving average is $52.79. The company has a quick ratio of 0.10, a current 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.