LB Partners LLC Sells 40,000 Shares of Liberty Broadband Corporation $LBRDK

LB Partners LLC cut its position in Liberty Broadband Corporation (NASDAQ:LBRDK) by 51.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 38,075 shares of the company’s stock after selling 40,000 shares during the period. Liberty Broadband comprises about 2.4% of LB Partners LLC’s portfolio, making the stock its 9th largest position. LB Partners LLC’s holdings in Liberty Broadband were worth $3,746,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. SouthState Corp acquired a new stake in Liberty Broadband in the first quarter worth $25,000. Fortitude Family Office LLC bought a new stake in shares of Liberty Broadband during the second quarter worth $48,000. Vestor Capital LLC bought a new stake in shares of Liberty Broadband during the first quarter worth $44,000. GAMMA Investing LLC increased its position in shares of Liberty Broadband by 39.2% during the second quarter. GAMMA Investing LLC now owns 589 shares of the company’s stock worth $58,000 after acquiring an additional 166 shares in the last quarter. Finally, Continuum Advisory LLC bought a new stake in shares of Liberty Broadband during the first quarter worth $58,000. 80.22% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Liberty Broadband in a research report on Wednesday, October 8th. Wall Street Zen raised shares of Liberty Broadband to a “hold” rating in a research report on Saturday, July 12th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold”.

Liberty Broadband Stock Down 0.8%

Liberty Broadband stock opened at $58.36 on Monday. The company has a market cap of $8.37 billion, a P/E ratio of 7.70 and a beta of 1.01. The company has a fifty day simple moving average of $61.24 and a 200 day simple moving average of $78.01. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26. Liberty Broadband Corporation has a 1-year low of $57.75 and a 1-year high of $104.00.

About Liberty Broadband

Liberty Broadband Corporation engages in the communications businesses. The company's GCI Holdings segment provides data, wireless, video, voice, and managed services to residential customers, businesses, governmental entities, educational, and medical institutions in Alaska under the GCI brand.