Vanguard Group Inc. Sells 15,229 Shares of Liberty Broadband Corporation $LBRDK

Vanguard Group Inc. cut its stake in shares of Liberty Broadband Corporation (NASDAQ:LBRDK) by 0.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,147,370 shares of the company’s stock after selling 15,229 shares during the quarter. Vanguard Group Inc. owned about 7.77% of Liberty Broadband worth $541,762,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Rothschild & Co Wealth Management UK Ltd increased its holdings in shares of Liberty Broadband by 1.0% during the fourth quarter. Rothschild & Co Wealth Management UK Ltd now owns 953,079 shares of the company’s stock valued at $46,320,000 after acquiring an additional 9,670 shares in the last quarter. M&T Bank Corp increased its holdings in Liberty Broadband by 4,476.6% in the 4th quarter. M&T Bank Corp now owns 234,824 shares of the company’s stock worth $12,421,000 after buying an additional 229,693 shares in the last quarter. Evergreen Capital Management LLC increased its holdings in Liberty Broadband by 18.3% in the 4th quarter. Evergreen Capital Management LLC now owns 8,641 shares of the company’s stock worth $420,000 after buying an additional 1,336 shares in the last quarter. First Horizon Corp bought a new stake in Liberty Broadband in the 4th quarter worth about $137,000. Finally, CWM LLC increased its holdings in Liberty Broadband by 677.0% in the 4th quarter. CWM LLC now owns 15,508 shares of the company’s stock worth $754,000 after buying an additional 13,512 shares in the last quarter. 80.22% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Wall Street Zen upgraded Liberty Broadband from a “strong sell” rating to a “sell” rating in a report on Saturday. Weiss Ratings reiterated a “sell (d)” rating on shares of Liberty Broadband in a report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Liberty Broadband Trading Down 3.7%

Shares of NASDAQ:LBRDK opened at $38.63 on Tuesday. The stock has a market capitalization of $5.54 billion, a price-to-earnings ratio of -2.02 and a beta of 0.70. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.09 and a current ratio of 1.09. The stock’s 50-day simple moving average is $51.05 and its two-hundred day simple moving average is $50.17. Liberty Broadband Corporation has a 52-week low of $36.60 and a 52-week high of $104.00.

Insider Transactions at Liberty Broadband

In other Liberty Broadband news, Director J David Wargo sold 44,450 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $57.30, for a total value of $2,546,985.00. Following the transaction, the director directly owned 19,150 shares of the company’s stock, valued at approximately $1,097,295. This trade represents a 69.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 10.80% of the company’s stock.

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.