17,818 Shares in Liberty Broadband Corporation $LBRDK Bought by Fifth Third Bancorp

Fifth Third Bancorp acquired a new stake in shares of Liberty Broadband Corporation (NASDAQ:LBRDK) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 17,818 shares of the company’s stock, valued at approximately $896,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Highlander Partners L.P. purchased a new position in shares of Liberty Broadband during the fourth quarter worth about $26,000. eCIO Inc. purchased a new stake in Liberty Broadband in the fourth quarter valued at approximately $30,000. Johnson Financial Group Inc. purchased a new stake in Liberty Broadband in the third quarter valued at approximately $42,000. EverSource Wealth Advisors LLC lifted its position in Liberty Broadband by 59.3% during the second quarter. EverSource Wealth Advisors LLC now owns 733 shares of the company’s stock valued at $72,000 after purchasing an additional 273 shares during the last quarter. Finally, Danske Bank A S bought a new stake in Liberty Broadband during the third quarter valued at approximately $51,000. 80.22% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Broadband Stock Performance

Shares of LBRDK opened at $28.89 on Monday. Liberty Broadband Corporation has a fifty-two week low of $26.25 and a fifty-two week high of $76.77. The firm has a market cap of $4.15 billion, a price-to-earnings ratio of -1.51 and a beta of 0.65. The firm has a 50 day moving average price of $31.87 and a 200-day moving average price of $42.88. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.09 and a current ratio of 1.09.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on LBRDK. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Liberty Broadband in a report on Wednesday, June 24th. Wall Street Zen raised Liberty Broadband from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 2nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

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.