ING Groep NV Has $33.03 Million Stock Position in Liberty Broadband Corporation $LBRDK

ING Groep NV raised its holdings in Liberty Broadband Corporation (NASDAQ:LBRDK) by 20.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 519,800 shares of the company’s stock after purchasing an additional 89,000 shares during the quarter. ING Groep NV owned 0.36% of Liberty Broadband worth $33,028,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Parkside Financial Bank & Trust lifted its position in shares of Liberty Broadband by 195.1% during the 2nd quarter. Parkside Financial Bank & Trust now owns 360 shares of the company’s stock worth $35,000 after buying an additional 238 shares during the last quarter. Assetmark Inc. raised its stake in Liberty Broadband by 1,054.1% during the second quarter. Assetmark Inc. now owns 427 shares of the company’s stock worth $42,000 after acquiring an additional 390 shares in the last quarter. Mather Group LLC. bought a new position in shares of Liberty Broadband in the third quarter worth about $47,000. Quent Capital LLC bought a new position in shares of Liberty Broadband in the third quarter worth about $53,000. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Liberty Broadband by 59.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 733 shares of the company’s stock valued at $72,000 after purchasing an additional 273 shares in the last quarter. Institutional investors own 80.22% of the company’s stock.

Insider Buying and Selling at Liberty Broadband

In related news, Director J David Wargo sold 2,889 shares of the business’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $47.10, for a total value of $136,071.90. Following the sale, the director owned 31,542 shares of the company’s stock, valued at $1,485,628.20. The trade was a 8.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 10.80% of the stock is currently owned by corporate insiders.

Liberty Broadband Stock Up 4.1%

Shares of NASDAQ LBRDK opened at $57.65 on Wednesday. The company has a 50 day simple moving average of $47.94 and a 200 day simple moving average of $54.09. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.10 and a quick ratio of 0.10. Liberty Broadband Corporation has a 1 year low of $42.10 and a 1 year high of $104.00. The firm has a market cap of $8.27 billion, a PE ratio of 10.44 and a beta of 0.99.

Analyst Ratings Changes

A number of research firms recently issued reports on LBRDK. Weiss Ratings reiterated a “sell (d)” rating on shares of Liberty Broadband in a research report on Monday, December 29th. Wall Street Zen cut shares of Liberty Broadband from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock 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.