Tudor Investment Corp ET AL Acquires 652,937 Shares of Liberty Broadband Corporation $LBRDK

Tudor Investment Corp ET AL lifted its holdings in shares of Liberty Broadband Corporation (NASDAQ:LBRDK) by 47.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,022,007 shares of the company’s stock after acquiring an additional 652,937 shares during the quarter. Tudor Investment Corp ET AL owned 1.41% of Liberty Broadband worth $128,478,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of LBRDK. DLD Asset Management LP purchased a new position in Liberty Broadband in the third quarter valued at approximately $4,636,000. JPMorgan Chase & Co. increased its position in Liberty Broadband by 493.1% in the third quarter. JPMorgan Chase & Co. now owns 2,270,557 shares of the company’s stock worth $144,271,000 after buying an additional 1,887,742 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Liberty Broadband by 0.6% in the second quarter. Charles Schwab Investment Management Inc. now owns 1,025,474 shares of the company’s stock worth $100,886,000 after buying an additional 5,763 shares during the last quarter. Alpine Associates Management Inc. bought a new stake in shares of Liberty Broadband in the third quarter valued at $32,323,000. Finally, Athos Capital Ltd bought a new stake in shares of Liberty Broadband in the third quarter valued at $10,746,000. 80.22% of the stock is owned by hedge funds and other institutional investors.

Liberty Broadband Stock Down 6.4%

LBRDK opened at $48.51 on Thursday. The company has a 50 day moving average of $50.55 and a 200 day moving average of $52.69. The company has a market cap of $6.96 billion, a PE ratio of -2.59 and a beta of 0.95. Liberty Broadband Corporation has a 12 month low of $42.10 and a 12 month high of $104.00. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.14.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Liberty Broadband in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Liberty Broadband presently has an average rating of “Sell”.

Insider Activity

In related news, Director J David Wargo sold 2,232 shares of the business’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $57.61, for a total transaction of $128,585.52. Following the sale, the director directly owned 471 shares in the company, valued at approximately $27,134.31. The trade was a 82.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 10.80% of the company’s stock.

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.