Y Intercept Hong Kong Ltd Makes New Investment in Liberty Broadband Corporation $LBRDK

Y Intercept Hong Kong Ltd acquired a new stake in Liberty Broadband Corporation (NASDAQ:LBRDK) in the 3rd quarter, HoldingsChannel reports. The fund acquired 20,078 shares of the company’s stock, valued at approximately $1,276,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. AQR Capital Management LLC raised its position in Liberty Broadband by 3.7% during the first quarter. AQR Capital Management LLC now owns 20,132 shares of the company’s stock valued at $1,707,000 after acquiring an additional 717 shares in the last quarter. Integrated Wealth Concepts LLC grew its stake in shares of Liberty Broadband by 4.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 4,092 shares of the company’s stock worth $348,000 after purchasing an additional 174 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Liberty Broadband by 38.3% during the 1st 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 in the last quarter. Jones Financial Companies Lllp lifted its stake in shares of Liberty Broadband by 503.1% in the 1st 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. boosted its holdings in Liberty Broadband by 94.3% during the first quarter. Goldman Sachs Group Inc. now owns 778,238 shares of the company’s stock worth $66,189,000 after buying an additional 377,602 shares in the last quarter. 80.22% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Liberty Broadband

In other news, Director J David Wargo sold 2,889 shares of the firm’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $47.10, for a total value of $136,071.90. Following the transaction, the director owned 31,542 shares in the company, valued at $1,485,628.20. This trade represents a 8.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 10.80% of the stock is currently owned by company insiders.

Liberty Broadband Stock Up 7.9%

LBRDK stock opened at $48.11 on Friday. Liberty Broadband Corporation has a 52 week low of $42.10 and a 52 week high of $104.00. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.19. The firm has a 50-day simple moving average of $46.98 and a 200-day simple moving average of $55.94. The stock has a market capitalization of $6.90 billion, a P/E ratio of 8.72 and a beta of 0.99.

Liberty Broadband (NASDAQ:LBRDK) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $1.77 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.57. Liberty Broadband had a net margin of 105.04% and a return on equity of 12.23%. The firm had revenue of $257.00 million for the quarter, compared to analyst estimates of $267.70 million. Equities analysts forecast that Liberty Broadband Corporation will post 7.71 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on LBRDK shares. Wall Street Zen lowered shares of Liberty Broadband from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Weiss Ratings restated a “sell (d)” rating on shares of Liberty Broadband in a research report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

About Liberty Broadband

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.