42,657 Shares in Liberty Broadband Corporation $LBRDK Bought by Deltroit Asset Management UK LLP

Deltroit Asset Management UK LLP bought a new position in Liberty Broadband Corporation (NASDAQ:LBRDK) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 42,657 shares of the company’s stock, valued at approximately $2,073,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Liberty Broadband by 1.7% in the third quarter. Vanguard Group Inc. now owns 11,162,599 shares of the company’s stock worth $709,272,000 after acquiring an additional 184,623 shares in the last quarter. Norges Bank purchased a new position in Liberty Broadband in the fourth quarter worth $180,881,000. Dimensional Fund Advisors LP grew its position in Liberty Broadband by 6.2% in the third quarter. Dimensional Fund Advisors LP now owns 2,943,136 shares of the company’s stock worth $187,006,000 after acquiring an additional 171,378 shares in the last quarter. Assenagon Asset Management S.A. grew its position in 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 worth $135,786,000 after acquiring an additional 1,035,126 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in Liberty Broadband by 493.1% in the third quarter. JPMorgan Chase & Co. now owns 2,270,557 shares of the company’s stock worth $144,271,000 after acquiring an additional 1,887,742 shares in the last quarter. 80.22% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Liberty Broadband Stock Up 2.5%

Shares of NASDAQ:LBRDK opened at $30.91 on Friday. The stock’s 50-day moving average price is $42.35 and its 200-day moving average price is $46.87. Liberty Broadband Corporation has a 12-month low of $29.66 and a 12-month high of $101.46. The stock has a market capitalization of $4.44 billion, a P/E ratio of -1.61 and a beta of 0.66. 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 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.