Hsbc Holdings PLC Buys New Stake in Liberty Broadband Corporation $LBRDK

Hsbc Holdings PLC bought a new stake in Liberty Broadband Corporation (NASDAQ:LBRDK) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 138,914 shares of the company’s stock, valued at approximately $6,765,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Integrated Wealth Concepts LLC increased its position in shares of Liberty Broadband by 4.4% during the first quarter. Integrated Wealth Concepts LLC now owns 4,092 shares of the company’s stock worth $348,000 after purchasing an additional 174 shares in the last quarter. Mariner LLC boosted its position in shares of Liberty Broadband by 3.4% in the 3rd quarter. Mariner LLC now owns 6,958 shares of the company’s stock worth $442,000 after purchasing an additional 226 shares in the last quarter. Captrust Financial Advisors grew its stake in Liberty Broadband by 4.6% during the 2nd quarter. Captrust Financial Advisors now owns 5,376 shares of the company’s stock worth $529,000 after buying an additional 237 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake in Liberty Broadband by 0.7% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 35,369 shares of the company’s stock worth $2,247,000 after buying an additional 239 shares during the last quarter. Finally, Treasurer of the State of North Carolina increased its position in Liberty Broadband by 0.5% during the 2nd quarter. Treasurer of the State of North Carolina now owns 52,296 shares of the company’s stock valued at $5,145,000 after buying an additional 258 shares in the last quarter. 80.22% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on LBRDK shares. Wall Street Zen upgraded Liberty Broadband from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 2nd. Weiss Ratings restated a “sell (d)” rating on shares of Liberty Broadband in a research note on Wednesday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

Liberty Broadband Stock Performance

Shares of LBRDK stock opened at $31.34 on Friday. The firm has a market capitalization of $4.50 billion, a price-to-earnings ratio of -1.63 and a beta of 0.66. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.09 and a quick ratio of 1.09. The business has a fifty day moving average of $36.40 and a 200 day moving average of $45.32. Liberty Broadband Corporation has a 1 year low of $29.08 and a 1 year high of $101.46.

Liberty Broadband Company Profile

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.