Alpine Global Management LLC Buys 179,790 Shares of Liberty Broadband Corporation $LBRDA

Alpine Global Management LLC raised its position in Liberty Broadband Corporation (NASDAQ:LBRDA) by 973.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 198,268 shares of the company’s stock after buying an additional 179,790 shares during the quarter. Liberty Broadband comprises about 2.0% of Alpine Global Management LLC’s portfolio, making the stock its 9th largest position. Alpine Global Management LLC owned about 0.14% of Liberty Broadband worth $12,556,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Mercer Global Advisors Inc. ADV bought a new position in Liberty Broadband in the third quarter valued at about $266,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Liberty Broadband by 13.5% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,275 shares of the company’s stock worth $2,487,000 after purchasing an additional 4,670 shares during the last quarter. Kintayl Capital LP bought a new position in shares of Liberty Broadband during the third quarter worth about $622,000. Alliancebernstein L.P. raised its holdings in Liberty Broadband by 3,768.1% during the 3rd quarter. Alliancebernstein L.P. now owns 161,880 shares of the company’s stock worth $10,252,000 after purchasing an additional 157,695 shares during the last quarter. Finally, Squarepoint Ops LLC lifted its holdings in Liberty Broadband by 364.1% in the third quarter. Squarepoint Ops LLC now owns 322,751 shares of the company’s stock valued at $20,440,000 after buying an additional 253,211 shares during the period. Institutional investors own 10.29% of the company’s stock.

Analyst Upgrades and Downgrades

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

Liberty Broadband Stock Performance

NASDAQ:LBRDA opened at $51.71 on Wednesday. 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 Corporation has a twelve month low of $42.05 and a twelve month high of $102.38. The stock has a market cap of $7.42 billion, a P/E ratio of -2.76 and a beta of 0.95. The business’s 50-day moving average price is $50.41 and its two-hundred day moving average price is $52.53.

Insider Activity

In other news, Director J David Wargo sold 44,450 shares of the stock in a transaction dated 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 in the company, valued at approximately $1,097,295. This represents a 69.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 11.59% of the company’s stock.

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.