Transmarket Holdings LP Takes Position in Liberty Broadband Corporation $LBRDA

Transmarket Holdings LP purchased a new position in Liberty Broadband Corporation (NASDAQ:LBRDA) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 21,386 shares of the company’s stock, valued at approximately $1,074,000. Liberty Broadband makes up about 0.6% of Transmarket Holdings LP’s investment portfolio, making the stock its 21st biggest holding.

Several other hedge funds and other institutional investors also recently made changes to their positions in LBRDA. Virtu Financial LLC grew its stake in shares of Liberty Broadband by 234.5% in the fourth quarter. Virtu Financial LLC now owns 42,920 shares of the company’s stock worth $2,072,000 after acquiring an additional 30,088 shares during the last quarter. Vanguard Group Inc. boosted its stake in Liberty Broadband by 5.7% in the 4th quarter. Vanguard Group Inc. now owns 1,679,806 shares of the company’s stock worth $81,101,000 after purchasing an additional 91,276 shares in the last quarter. UBS Group AG grew its position in Liberty Broadband by 390.6% during the 4th quarter. UBS Group AG now owns 222,860 shares of the company’s stock valued at $10,760,000 after purchasing an additional 177,431 shares during the last quarter. Verition Fund Management LLC increased its stake in Liberty Broadband by 37.9% during the 4th quarter. Verition Fund Management LLC now owns 404,192 shares of the company’s stock valued at $19,514,000 after purchasing an additional 111,105 shares in the last quarter. Finally, Slotnik Capital LLC bought a new stake in Liberty Broadband during the 4th quarter valued at about $12,731,000. Hedge funds and other institutional investors own 10.29% of the company’s stock.

Liberty Broadband Price Performance

LBRDA opened at $30.04 on Wednesday. The company’s 50-day simple moving average is $32.06 and its two-hundred day simple moving average is $43.21. 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 has a market capitalization of $4.31 billion, a P/E ratio of -1.57 and a beta of 0.65. Liberty Broadband Corporation has a 52-week low of $29.18 and a 52-week high of $91.04.

Liberty Broadband (NASDAQ:LBRDA) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $1.41 EPS for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Liberty Broadband in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

About Liberty Broadband

Liberty Broadband Corporation is a holding company primarily focused on investments in broadband businesses, most notably a significant equity interest in Charter Communications, Inc As a shareholder of Charter’s Class A common stock, Liberty Broadband benefits from the growth and operational performance of one of the largest cable and broadband providers in the United States. The company does not operate consumer services directly but instead seeks to enhance shareholder value through its strategic stake and board representation in Charter.

In addition to its Charter position, Liberty Broadband holds an ownership interest in GCI Liberty, Inc, a holding company with interests in an Alaskan telecommunications provider and other media assets.