Cooper Creek Partners Management LLC Has $29.14 Million Stake in Liberty Broadband Corporation $LBRDK

Cooper Creek Partners Management LLC lessened its stake in shares of Liberty Broadband Corporation (NASDAQ:LBRDK) by 23.6% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 296,190 shares of the company’s stock after selling 91,624 shares during the quarter. Cooper Creek Partners Management LLC’s holdings in Liberty Broadband were worth $29,139,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. SouthState Corp acquired a new position in shares of Liberty Broadband during the 1st quarter worth approximately $25,000. Parkside Financial Bank & Trust lifted its position in shares of Liberty Broadband by 195.1% during the 2nd quarter. Parkside Financial Bank & Trust now owns 360 shares of the company’s stock worth $35,000 after buying an additional 238 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of Liberty Broadband by 1,054.1% in the second quarter. Assetmark Inc. now owns 427 shares of the company’s stock worth $42,000 after acquiring an additional 390 shares during the last quarter. Fortitude Family Office LLC acquired a new stake in Liberty Broadband in the second quarter valued at approximately $48,000. Finally, GAMMA Investing LLC boosted its holdings in shares of Liberty Broadband by 39.2% during the 2nd quarter. GAMMA Investing LLC now owns 589 shares of the company’s stock valued at $58,000 after acquiring an additional 166 shares in the last quarter. 80.22% of the stock is currently owned by institutional investors.

Liberty Broadband Stock Performance

NASDAQ LBRDK opened at $47.49 on Friday. The company has a market capitalization of $6.81 billion, a price-to-earnings ratio of 8.60 and a beta of 1.00. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.19. Liberty Broadband Corporation has a twelve month low of $44.63 and a twelve month high of $104.00. The stock has a fifty day simple moving average of $53.59 and a 200 day simple moving average of $69.33.

Liberty Broadband (NASDAQ:LBRDK) last announced its earnings results on Wednesday, November 5th. The company reported $1.77 EPS for the quarter, topping the consensus estimate of $1.20 by $0.57. The firm had revenue of $257.00 million for the quarter, compared to the consensus estimate of $267.70 million. Liberty Broadband had a return on equity of 12.23% and a net margin of 105.04%. Sell-side analysts expect that Liberty Broadband Corporation will post 7.71 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on LBRDK. Weiss Ratings restated a “sell (d+)” rating on shares of Liberty Broadband in a research report on Tuesday. Wall Street Zen cut Liberty Broadband from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

About Liberty Broadband

Liberty Broadband Corporation engages in the communications businesses. The company's GCI Holdings segment provides data, wireless, video, voice, and managed services to residential customers, businesses, governmental entities, educational, and medical institutions in Alaska under the GCI brand.