Optimize Financial Inc Makes New $1.57 Million Investment in Liberty Broadband Corporation $LBRDK

Optimize Financial Inc bought a new position in shares of Liberty Broadband Corporation (NASDAQ:LBRDK) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 24,676 shares of the company’s stock, valued at approximately $1,568,000. Liberty Broadband comprises approximately 0.8% of Optimize Financial Inc’s investment portfolio, making the stock its 12th biggest holding.

Other hedge funds have also recently made changes to their positions in the company. Parkside Financial Bank & Trust boosted its position in Liberty Broadband by 195.1% in the 2nd quarter. Parkside Financial Bank & Trust now owns 360 shares of the company’s stock valued at $35,000 after buying an additional 238 shares during the period. Assetmark Inc. increased its holdings in Liberty Broadband by 1,054.1% during the 2nd quarter. Assetmark Inc. now owns 427 shares of the company’s stock worth $42,000 after purchasing an additional 390 shares during the period. Mather Group LLC. bought a new stake in Liberty Broadband during the 3rd quarter valued at $47,000. Quent Capital LLC bought a new stake in Liberty Broadband during the 3rd quarter valued at $53,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Liberty Broadband by 59.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 733 shares of the company’s stock worth $72,000 after buying an additional 273 shares during the period. 80.22% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Insider Transactions at Liberty Broadband

In other news, Director J David Wargo sold 2,889 shares of the company’s stock in a transaction on Friday, December 5th. The stock was sold at an average price of $47.10, for a total transaction of $136,071.90. Following the transaction, the director directly owned 31,542 shares of the company’s stock, valued at approximately $1,485,628.20. This represents a 8.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 10.80% of the company’s stock.

Liberty Broadband Price Performance

LBRDK opened at $49.51 on Wednesday. The firm has a market capitalization of $7.10 billion, a PE ratio of 8.97 and a beta of 0.99. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.24 and a quick ratio of 0.24. The business’s 50-day moving average is $47.12 and its two-hundred day moving average is $55.19. Liberty Broadband Corporation has a 1 year low of $42.10 and a 1 year high of $104.00.

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

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.