Slotnik Capital LLC Has $17.52 Million Stock Holdings in Liberty Broadband Corporation $LBRDK

Slotnik Capital LLC lowered its stake in Liberty Broadband Corporation (NASDAQ:LBRDK) by 41.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 360,524 shares of the company’s stock after selling 258,700 shares during the period. Liberty Broadband comprises 4.1% of Slotnik Capital LLC’s holdings, making the stock its 8th largest position. Slotnik Capital LLC’s holdings in Liberty Broadband were worth $17,521,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LBRDK. Highlander Partners L.P. bought a new position in shares of Liberty Broadband during the fourth quarter valued at approximately $26,000. eCIO Inc. purchased a new stake in shares of Liberty Broadband in the 4th quarter worth approximately $30,000. Johnson Financial Group Inc. purchased a new stake in shares of Liberty Broadband in the third quarter worth $42,000. Rothschild Investment LLC grew its position in Liberty Broadband by 7,253.8% during the 4th quarter. Rothschild Investment LLC now owns 956 shares of the company’s stock valued at $46,000 after purchasing an additional 943 shares during the last quarter. Finally, Danske Bank A S purchased a new stake in shares of Liberty Broadband during the third quarter valued at approximately $51,000. Institutional investors own 80.22% of the company’s stock.

Liberty Broadband Stock Down 1.6%

LBRDK opened at $33.64 on Tuesday. The firm has a 50-day simple moving average of $40.16 and a two-hundred day simple moving average of $46.31. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $4.83 billion, a PE ratio of -1.75 and a beta of 0.66. Liberty Broadband Corporation has a 52 week low of $29.66 and a 52 week high of $101.46.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on LBRDK shares. Wall Street Zen raised Liberty Broadband from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 2nd. Weiss Ratings reiterated 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.com, Liberty Broadband presently has a consensus rating of “Sell”.

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.