Geode Capital Management LLC Acquires 25,624 Shares of Liberty Broadband Corporation $LBRDK

Geode Capital Management LLC lifted its holdings in Liberty Broadband Corporation (NASDAQ:LBRDK) by 1.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,241,626 shares of the company’s stock after acquiring an additional 25,624 shares during the quarter. Geode Capital Management LLC’s holdings in Liberty Broadband were worth $108,966,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its stake in Liberty Broadband by 493.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,270,557 shares of the company’s stock valued at $144,271,000 after buying an additional 1,887,742 shares during the last quarter. DLD Asset Management LP purchased a new stake in Liberty Broadband during the 3rd quarter valued at $4,636,000. M&T Bank Corp raised its stake in Liberty Broadband by 4,476.6% during the 4th quarter. M&T Bank Corp now owns 234,824 shares of the company’s stock valued at $12,421,000 after buying an additional 229,693 shares during the last quarter. Banyan Capital Management Inc. purchased a new stake in Liberty Broadband during the 4th quarter valued at $3,366,000. Finally, Athos Capital Ltd purchased a new stake in Liberty Broadband during the 3rd quarter valued at $10,746,000. 80.22% of the stock is owned by hedge funds and other institutional investors.

Liberty Broadband Trading Up 2.5%

NASDAQ:LBRDK opened at $30.91 on Friday. 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 firm has a market capitalization of $4.44 billion, a price-to-earnings ratio of -1.61 and a beta of 0.66. Liberty Broadband Corporation has a one year low of $29.66 and a one year high of $101.46. The business has a fifty day moving average price of $42.35 and a 200-day moving average price of $46.87.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Wall Street Zen upgraded shares of 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 Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

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.