Liberty Broadband Corporation $LBRDK Shares Sold by Madison Asset Management LLC

Madison Asset Management LLC reduced its holdings in Liberty Broadband Corporation (NASDAQ:LBRDK) by 11.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,181,920 shares of the company’s stock after selling 146,262 shares during the quarter. Madison Asset Management LLC owned approximately 0.82% of Liberty Broadband worth $57,441,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Liberty Broadband by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 11,162,599 shares of the company’s stock valued at $709,272,000 after buying an additional 184,623 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Liberty Broadband by 6.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,943,136 shares of the company’s stock worth $187,006,000 after acquiring an additional 171,378 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of Liberty Broadband by 58.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,793,954 shares of the company’s stock worth $135,786,000 after acquiring an additional 1,035,126 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of 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 acquiring an additional 1,887,742 shares during the last quarter. Finally, Millennium Management LLC grew its holdings in Liberty Broadband by 50.6% in the third quarter. Millennium Management LLC now owns 2,048,435 shares of the company’s stock valued at $130,158,000 after purchasing an additional 688,092 shares during the period. 80.22% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on LBRDK shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Liberty Broadband in a research report on Friday, March 27th. Wall Street Zen raised shares of Liberty Broadband from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 2nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Liberty Broadband Trading Up 0.1%

Shares of LBRDK opened at $34.51 on Wednesday. The stock’s 50-day moving average is $48.95 and its two-hundred day moving average is $49.22. The stock has a market cap of $4.95 billion, a PE ratio of -1.80 and a beta of 0.70. Liberty Broadband Corporation has a 12 month low of $34.08 and a 12 month high of $104.00. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.09 and a quick ratio of 1.09.

Liberty Broadband 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.