SG Americas Securities LLC Has $3.97 Million Stock Position in Liberty Broadband Corporation $LBRDK

SG Americas Securities LLC raised its position in shares of Liberty Broadband Corporation (NASDAQ:LBRDK) by 1,869.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 81,610 shares of the company’s stock after purchasing an additional 77,466 shares during the quarter. SG Americas Securities LLC’s holdings in Liberty Broadband were worth $3,966,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in LBRDK. JPMorgan Chase & Co. grew its stake in Liberty Broadband by 493.1% during the third 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 during the period. Assenagon Asset Management S.A. lifted its stake in shares of Liberty Broadband by 58.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,793,954 shares of the company’s stock valued at $135,786,000 after buying an additional 1,035,126 shares in the last quarter. Balyasny Asset Management L.P. bought a new stake in Liberty Broadband during the 3rd quarter worth approximately $52,032,000. Marshall Wace LLP lifted its stake in Liberty Broadband by 475.3% during the 3rd quarter. Marshall Wace LLP now owns 942,375 shares of the company’s stock valued at $59,879,000 after acquiring an additional 778,580 shares in the last quarter. Finally, Millennium Management LLC boosted its holdings in Liberty Broadband by 50.6% during the third quarter. Millennium Management LLC now owns 2,048,435 shares of the company’s stock worth $130,158,000 after purchasing an additional 688,092 shares during the last quarter. Institutional investors own 80.22% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Liberty Broadband in a report on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Liberty Broadband currently has an average rating of “Sell”.

Insider Buying and Selling at Liberty Broadband

In other Liberty Broadband news, Director J David Wargo sold 2,232 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $57.61, for a total transaction of $128,585.52. Following the sale, 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 SEC, which is available at this hyperlink. Company insiders own 10.80% of the company’s stock.

Liberty Broadband Trading Up 1.7%

Shares of LBRDK stock opened at $51.19 on Friday. The company’s fifty day simple moving average is $51.57 and its two-hundred day simple moving average is $52.00. The stock has a market capitalization of $7.35 billion, a price-to-earnings ratio of -2.74 and a beta of 0.96. 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.

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.