Liberty Broadband Corporation $LBRDA Shares Bought by UBS Group AG

UBS Group AG boosted its holdings in shares of Liberty Broadband Corporation (NASDAQ:LBRDA) by 390.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 222,860 shares of the company’s stock after buying an additional 177,431 shares during the period. UBS Group AG owned approximately 0.16% of Liberty Broadband worth $10,760,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Quent Capital LLC acquired a new position in Liberty Broadband during the 3rd quarter valued at about $36,000. Franklin Resources Inc. increased its position in Liberty Broadband by 66.2% during the 2nd quarter. Franklin Resources Inc. now owns 615 shares of the company’s stock valued at $60,000 after buying an additional 245 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its position in Liberty Broadband by 62.3% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 2,245 shares of the company’s stock valued at $220,000 after buying an additional 862 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new position in Liberty Broadband during the 3rd quarter valued at about $144,000. Finally, CIBC Private Wealth Group LLC increased its position in Liberty Broadband by 26.4% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 2,621 shares of the company’s stock valued at $166,000 after buying an additional 547 shares in the last quarter. 10.29% of the stock is owned by institutional investors and hedge funds.

Liberty Broadband Stock Down 5.1%

Liberty Broadband stock opened at $32.73 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.09 and a current ratio of 1.09. The business’s 50-day simple moving average is $47.66 and its two-hundred day simple moving average is $48.67. The company has a market cap of $4.70 billion, a PE ratio of -1.71 and a beta of 0.70. Liberty Broadband Corporation has a fifty-two week low of $31.91 and a fifty-two week high of $102.38.

Liberty Broadband (NASDAQ:LBRDA) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $1.41 earnings per share for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Liberty Broadband in a research report on Friday, March 27th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Liberty Broadband presently has an average rating of “Sell”.

Liberty Broadband Company Profile

Liberty Broadband Corporation is a holding company primarily focused on investments in broadband businesses, most notably a significant equity interest in Charter Communications, Inc As a shareholder of Charter’s Class A common stock, Liberty Broadband benefits from the growth and operational performance of one of the largest cable and broadband providers in the United States. The company does not operate consumer services directly but instead seeks to enhance shareholder value through its strategic stake and board representation in Charter.

In addition to its Charter position, Liberty Broadband holds an ownership interest in GCI Liberty, Inc, a holding company with interests in an Alaskan telecommunications provider and other media assets.