Natixis Advisors LLC Raises Stake in Liberty Broadband Corporation $LBRDK

Natixis Advisors LLC lifted its position in shares of Liberty Broadband Corporation (NASDAQ:LBRDK) by 3.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 552,590 shares of the company’s stock after buying an additional 20,028 shares during the quarter. Natixis Advisors LLC owned approximately 0.39% of Liberty Broadband worth $26,856,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of LBRDK. AQR Capital Management LLC grew its holdings in Liberty Broadband by 3.7% in the first quarter. AQR Capital Management LLC now owns 20,132 shares of the company’s stock valued at $1,707,000 after purchasing an additional 717 shares during the period. Integrated Wealth Concepts LLC grew its holdings in Liberty Broadband by 4.4% in the first quarter. Integrated Wealth Concepts LLC now owns 4,092 shares of the company’s stock valued at $348,000 after purchasing an additional 174 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Liberty Broadband by 38.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,773 shares of the company’s stock valued at $2,617,000 after purchasing an additional 8,521 shares during the period. Jones Financial Companies Lllp grew its holdings in Liberty Broadband by 503.1% in the first quarter. Jones Financial Companies Lllp now owns 2,943 shares of the company’s stock valued at $250,000 after purchasing an additional 2,455 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in Liberty Broadband by 94.3% in the first quarter. Goldman Sachs Group Inc. now owns 778,238 shares of the company’s stock valued at $66,189,000 after purchasing an additional 377,602 shares during the period. 80.22% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Broadband Trading Up 0.0%

NASDAQ LBRDK opened at $30.17 on Friday. The company’s fifty day simple moving average is $42.76 and its 200-day simple moving average is $46.98. Liberty Broadband Corporation has a 52 week low of $29.66 and a 52 week high of $101.46. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.27. The stock has a market cap of $4.33 billion, a P/E ratio of -1.57 and a beta of 0.66.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on LBRDK shares. Wall Street Zen upgraded shares of Liberty Broadband from a “strong sell” rating to a “sell” rating in a report on Saturday, May 2nd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Liberty Broadband in a research report on Friday, March 27th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Liberty Broadband presently has an average rating of “Sell”.

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.