TD Asset Management Inc Has $2.45 Million Stock Holdings in Liberty Broadband Corporation $LBRDK

TD Asset Management Inc trimmed its position in Liberty Broadband Corporation (NASDAQ:LBRDK) by 58.7% during the third quarter, HoldingsChannel.com reports. The fund owned 38,494 shares of the company’s stock after selling 54,800 shares during the quarter. TD Asset Management Inc’s holdings in Liberty Broadband were worth $2,446,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in Liberty Broadband by 493.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,270,557 shares of the company’s stock worth $144,271,000 after purchasing an additional 1,887,742 shares in the last quarter. Norges Bank acquired a new stake in Liberty Broadband during the 2nd quarter worth approximately $137,249,000. Arrowstreet Capital Limited Partnership increased its position in Liberty Broadband by 71.3% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,557,714 shares of the company’s stock valued at $153,248,000 after acquiring an additional 648,125 shares during the period. Baupost Group LLC MA raised its stake in shares of Liberty Broadband by 337.0% during the second quarter. Baupost Group LLC MA now owns 745,610 shares of the company’s stock valued at $73,353,000 after acquiring an additional 575,000 shares during the last quarter. Finally, Alpine Associates Management Inc. acquired a new stake in Liberty Broadband in the third quarter valued at $32,323,000. 80.22% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on LBRDK shares. Weiss Ratings reissued a “sell (d)” rating on shares of Liberty Broadband in a research note on Monday, December 29th. Wall Street Zen lowered shares of Liberty Broadband from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Liberty Broadband Trading Up 1.2%

Shares of Liberty Broadband stock opened at $54.06 on Thursday. The stock has a market capitalization of $7.76 billion, a PE ratio of -2.89 and a beta of 0.95. Liberty Broadband Corporation has a 52 week low of $42.10 and a 52 week high of $104.00. The stock has a 50 day moving average price of $49.98 and a two-hundred day moving average price of $53.40. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.10 and a current ratio of 0.10.

Insider Buying and Selling at Liberty Broadband

In other news, Director J David Wargo sold 2,232 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $57.61, for a total value of $128,585.52. Following the transaction, the director owned 471 shares in the company, valued at $27,134.31. This trade represents a 82.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In the last quarter, insiders have sold 49,571 shares of company stock valued at $2,811,642. Corporate insiders own 10.80% of the company’s stock.

About Liberty Broadband

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.