Vanguard Group Inc. Has $100.60 Million Stake in Liberty Broadband Corporation $LBRDA

Vanguard Group Inc. raised its stake in Liberty Broadband Corporation (NASDAQ:LBRDA) by 0.7% during the third quarter, HoldingsChannel.com reports. The fund owned 1,588,530 shares of the company’s stock after acquiring an additional 11,709 shares during the quarter. Vanguard Group Inc.’s holdings in Liberty Broadband were worth $100,602,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LBRDA. Arrowstreet Capital Limited Partnership grew its holdings in shares of Liberty Broadband by 31.4% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 467,550 shares of the company’s stock worth $45,736,000 after purchasing an additional 111,853 shares during the last quarter. XTX Topco Ltd acquired a new position in Liberty Broadband in the second quarter valued at about $1,322,000. Squarepoint Ops LLC bought a new stake in Liberty Broadband during the second quarter worth about $6,802,000. Norges Bank acquired a new position in shares of Liberty Broadband in the 2nd quarter worth approximately $21,089,000. Finally, JPMorgan Chase & Co. grew its position in Liberty Broadband by 653.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 114,893 shares of the company’s stock worth $11,239,000 after acquiring an additional 99,645 shares during the last quarter. 10.29% of the stock is owned by institutional investors.

Insider Buying and Selling at Liberty Broadband

In other news, Director J David Wargo sold 44,450 shares of the business’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $57.30, for a total value of $2,546,985.00. Following the completion of the transaction, the director owned 19,150 shares of the company’s stock, valued at $1,097,295. The trade was a 69.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 49,571 shares of company stock worth $2,811,642 over the last quarter. Company insiders own 11.59% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Liberty Broadband in a report 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.com, the stock has an average rating of “Hold” and an average target price of $115.00.

Liberty Broadband Stock Up 1.0%

Liberty Broadband stock opened at $53.96 on Thursday. The firm has a market capitalization of $7.74 billion, a price-to-earnings ratio of -2.88 and a beta of 0.95. The company’s 50 day simple moving average is $49.83 and its 200 day simple moving average is $53.20. 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 fifty-two week low of $42.05 and a fifty-two week high of $102.38.

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.