Liberty Broadband Corporation $LBRDK Shares Bought by Verition Fund Management LLC

Verition Fund Management LLC increased its holdings in Liberty Broadband Corporation (NASDAQ:LBRDK) by 2.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 856,338 shares of the company’s stock after buying an additional 19,071 shares during the quarter. Verition Fund Management LLC owned about 0.60% of Liberty Broadband worth $41,618,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Integrated Wealth Concepts LLC increased its holdings in Liberty Broadband by 4.4% in the 1st quarter. Integrated Wealth Concepts LLC now owns 4,092 shares of the company’s stock worth $348,000 after buying an additional 174 shares during the period. Mariner LLC boosted its position in Liberty Broadband by 3.4% in the 3rd quarter. Mariner LLC now owns 6,958 shares of the company’s stock worth $442,000 after purchasing an additional 226 shares in the last quarter. Captrust Financial Advisors boosted its position in Liberty Broadband by 4.6% in the 2nd quarter. Captrust Financial Advisors now owns 5,376 shares of the company’s stock worth $529,000 after purchasing an additional 237 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in Liberty Broadband by 0.7% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 35,369 shares of the company’s stock worth $2,247,000 after purchasing an additional 239 shares in the last quarter. Finally, Treasurer of the State of North Carolina boosted its position in Liberty Broadband by 0.5% in the 2nd quarter. Treasurer of the State of North Carolina now owns 52,296 shares of the company’s stock worth $5,145,000 after purchasing an additional 258 shares in the last quarter. Institutional investors and hedge funds own 80.22% of the company’s stock.

Analysts Set New Price Targets

LBRDK has been the topic of several recent research reports. Wall Street Zen upgraded Liberty Broadband from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 2nd. Weiss Ratings restated a “sell (d)” rating on shares of Liberty Broadband in a research report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Liberty Broadband Stock Performance

Liberty Broadband stock opened at $34.19 on Monday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.27. Liberty Broadband Corporation has a 12 month low of $29.66 and a 12 month high of $101.46. The stock’s 50 day simple moving average is $40.51 and its two-hundred day simple moving average is $46.40. The firm has a market cap of $4.91 billion, a PE ratio of -1.78 and a beta of 0.66.

Liberty Broadband Company 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.