Liberty Broadband Corporation $LBRDA Stock Position Lifted by Yakira Capital Management Inc.

Yakira Capital Management Inc. raised its stake in Liberty Broadband Corporation (NASDAQ:LBRDA) by 48.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 94,522 shares of the company’s stock after buying an additional 30,711 shares during the quarter. Liberty Broadband accounts for about 2.1% of Yakira Capital Management Inc.’s holdings, making the stock its 11th biggest position. Yakira Capital Management Inc.’s holdings in Liberty Broadband were worth $5,986,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Liberty Broadband during the 2nd quarter valued at $21,089,000. LMR Partners LLP acquired a new stake in Liberty Broadband during the second quarter valued at $16,904,000. Arrowstreet Capital Limited Partnership grew its stake in Liberty Broadband by 31.4% in the second quarter. Arrowstreet Capital Limited Partnership now owns 467,550 shares of the company’s stock valued at $45,736,000 after purchasing an additional 111,853 shares in the last quarter. JPMorgan Chase & Co. increased its position in Liberty Broadband by 653.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 114,893 shares of the company’s stock worth $11,239,000 after purchasing an additional 99,645 shares during the last quarter. Finally, Squarepoint Ops LLC purchased a new stake in shares of Liberty Broadband during the 2nd quarter worth about $6,802,000. Hedge funds and other institutional investors own 10.29% of the company’s stock.

Liberty Broadband Trading Up 1.0%

Liberty Broadband stock opened at $54.07 on Monday. Liberty Broadband Corporation has a one year low of $42.05 and a one year high of $102.38. The company’s fifty day moving average price is $50.05 and its two-hundred day moving average price is $53.04. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.10 and a quick ratio of 0.10. The company has a market capitalization of $7.76 billion, a price-to-earnings ratio of -2.89 and a beta of 0.95.

Insider Buying and Selling

In other news, Director J David Wargo sold 44,450 shares of the business’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $57.30, for a total value of $2,546,985.00. Following the completion of the sale, the director directly owned 19,150 shares in the company, valued at approximately $1,097,295. The trade was a 69.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 11.59% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Liberty Broadband in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $115.00.

Liberty Broadband Company Profile

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.