Entropy Technologies LP Has $663,000 Stock Position in Liberty Broadband Corporation $LBRDK

Entropy Technologies LP lowered its position in Liberty Broadband Corporation (NASDAQ:LBRDK) by 61.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,189 shares of the company’s stock after selling 20,856 shares during the period. Entropy Technologies LP’s holdings in Liberty Broadband were worth $663,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in LBRDK. Highlander Partners L.P. acquired a new position in shares of Liberty Broadband during the fourth quarter worth approximately $26,000. eCIO Inc. acquired a new stake in Liberty Broadband in the 4th quarter valued at $30,000. Johnson Financial Group Inc. acquired a new stake in Liberty Broadband in the 3rd quarter valued at $42,000. Rothschild Investment LLC increased its stake 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 in the last quarter. Finally, Danske Bank A S bought a new stake in Liberty Broadband during the 3rd quarter valued at $51,000. Institutional investors and hedge funds own 80.22% of the company’s stock.

Liberty Broadband Stock Performance

Shares of LBRDK stock opened at $34.10 on Thursday. The firm has a 50-day moving average of $31.83 and a 200-day moving average of $42.55. The company has a market cap of $4.89 billion, a P/E ratio of -1.78 and a beta of 0.65. 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 Corporation has a one year low of $26.25 and a one year high of $65.72.

Wall Street Analyst Weigh In

Several research firms have weighed in on LBRDK. Weiss Ratings restated a “sell (d)” rating on shares of Liberty Broadband in a report on Wednesday, June 24th. Wall Street Zen upgraded shares of Liberty Broadband from a “strong sell” rating to a “sell” rating in a report on Saturday, May 2nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently 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.