Assenagon Asset Management S.A. Has $135.79 Million Stock Holdings in Liberty Broadband Corporation $LBRDK

Assenagon Asset Management S.A. lifted its position in Liberty Broadband Corporation (NASDAQ:LBRDK) by 58.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,793,954 shares of the company’s stock after buying an additional 1,035,126 shares during the period. Assenagon Asset Management S.A. owned about 1.95% of Liberty Broadband worth $135,786,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC increased its position in shares of Liberty Broadband by 68.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 19,280 shares of the company’s stock worth $946,000 after acquiring an additional 7,806 shares in the last quarter. AIA Group Ltd acquired a new stake in shares of Liberty Broadband during the third quarter worth $929,000. Hudson Bay Capital Management LP lifted its position in Liberty Broadband by 32.0% in the 3rd quarter. Hudson Bay Capital Management LP now owns 165,000 shares of the company’s stock valued at $10,484,000 after acquiring an additional 40,000 shares in the last quarter. Tudor Investment Corp ET AL lifted its position in Liberty Broadband by 47.7% in the 3rd quarter. Tudor Investment Corp ET AL now owns 2,022,007 shares of the company’s stock valued at $128,478,000 after acquiring an additional 652,937 shares in the last quarter. Finally, Swiss Life Asset Management Ltd boosted its stake in Liberty Broadband by 80.3% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 5,459 shares of the company’s stock worth $347,000 after purchasing an additional 2,432 shares during the period. Institutional investors and hedge funds own 80.22% of the company’s stock.

Analysts Set New Price Targets

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

Liberty Broadband Trading Up 1.8%

LBRDK stock opened at $50.37 on Tuesday. 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 company has a fifty day moving average price of $50.61 and a two-hundred day moving average price of $52.42. Liberty Broadband Corporation has a one year low of $42.10 and a one year high of $104.00. The stock has a market cap of $7.23 billion, a price-to-earnings ratio of -2.69 and a beta of 0.95.

Insiders Place Their Bets

In other Liberty Broadband news, Director J David Wargo sold 2,232 shares of the stock in a transaction that occurred 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 transaction, the director owned 471 shares in the company, valued at $27,134.31. This represents a 82.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 10.80% of the stock is owned by company insiders.

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.