Rep. August Pfluger Liberty Broadband Corporation (NASDAQ:LBRDK) Shares

Representative August Pfluger (Republican-Texas) recently bought shares of Liberty Broadband Corporation (NASDAQ:LBRDK). In a filing disclosed on September 14th, the Representative disclosed that they had bought between $1,001 and $15,000 in Liberty Broadband stock on August 20th. The trade occurred in the Representative’s “ROTH IRA” account.

Liberty Broadband Price Performance

Shares of NASDAQ:LBRDK opened at $36.02 on Wednesday. The stock has a market cap of $5.17 billion, a price-to-earnings ratio of -5.15 and a beta of 0.64. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.09 and a quick ratio of 0.09. Liberty Broadband Corporation has a 12 month low of $26.25 and a 12 month high of $65.72. The stock’s 50 day moving average price is $34.24 and its 200 day moving average price is $39.19.

Analyst Ratings Changes

Several brokerages recently weighed in on LBRDK. Citigroup decreased their target price on Liberty Broadband from $54.00 to $42.00 and set a “buy” rating for the company in a research note on Friday, August 14th. Weiss Ratings lowered shares of Liberty Broadband from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday, August 3rd. Finally, Wall Street Zen cut shares of Liberty Broadband from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 1st. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $42.00.

Institutional Investors Weigh In On Liberty Broadband

Several hedge funds have recently modified their holdings of LBRDK. Norges Bank purchased a new stake in Liberty Broadband during the fourth quarter valued at about $180,881,000. Assenagon Asset Management S.A. raised its holdings in shares of Liberty Broadband by 8.5% during the second quarter. Assenagon Asset Management S.A. now owns 2,416,591 shares of the company’s stock valued at $80,376,000 after acquiring an additional 189,394 shares during the period. Geode Capital Management LLC raised its holdings in shares of Liberty Broadband by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 2,241,626 shares of the company’s stock valued at $108,966,000 after acquiring an additional 25,624 shares during the period. Madison Asset Management LLC lifted its position in shares of Liberty Broadband by 0.6% in the 1st quarter. Madison Asset Management LLC now owns 1,188,921 shares of the company’s stock valued at $59,803,000 after acquiring an additional 7,001 shares in the last quarter. Finally, Tidal Investments LLC boosted its stake in Liberty Broadband by 8.3% in the 2nd quarter. Tidal Investments LLC now owns 896,731 shares of the company’s stock worth $29,825,000 after purchasing an additional 68,615 shares during the period. 80.22% of the stock is owned by hedge funds and other institutional investors.

About Representative Pfluger

August Pfluger (Republican Party) is a member of the U.S. House, representing Texas’ 11th Congressional District. He assumed office on January 3, 2021. His current term ends on January 3, 2027.

Pfluger (Republican Party) is running for re-election to the U.S. House to represent Texas’ 11th Congressional District. He declared candidacy for the 2026 election.

August Pfluger lives in San Angelo, Texas. Pfluger graduated from San Angelo High School. He serves in the U.S. Air Force Reserves and has reached the rank of colonel.

Pfluger earned a degree from the U.S. Air Force Academy. His career experience includes working as a National Security Council advisor with the Trump administration.

About Liberty Broadband

Liberty Broadband Corporation is a holding company focused primarily on communications and broadband businesses. Its principal assets include GCI Holdings, LLC, an Alaska-based telecommunications provider, and an ownership interest in Charter Communications, Inc, a major U.S. broadband and cable operator.

Through GCI, Liberty Broadband provides broadband internet, wireless communications, video, voice, data networking and other telecommunications services to residential, business, government and wholesale customers.