Weitz Investment Management Inc. Has $31.64 Million Stock Position in Liberty Broadband Corporation $LBRDK

Weitz Investment Management Inc. grew its position in Liberty Broadband Corporation (NASDAQ:LBRDK) by 30.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 651,000 shares of the company’s stock after purchasing an additional 150,500 shares during the period. Liberty Broadband comprises approximately 1.9% of Weitz Investment Management Inc.’s holdings, making the stock its 21st largest holding. Weitz Investment Management Inc.’s holdings in Liberty Broadband were worth $31,639,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Integrated Wealth Concepts LLC grew its position in shares of Liberty Broadband by 4.4% in the 1st quarter. Integrated Wealth Concepts LLC now owns 4,092 shares of the company’s stock valued at $348,000 after purchasing an additional 174 shares during the period. Mariner LLC grew its position in shares of Liberty Broadband by 3.4% in the 3rd quarter. Mariner LLC now owns 6,958 shares of the company’s stock valued at $442,000 after purchasing an additional 226 shares during the period. Captrust Financial Advisors grew its position in shares of Liberty Broadband by 4.6% in the 2nd quarter. Captrust Financial Advisors now owns 5,376 shares of the company’s stock valued at $529,000 after purchasing an additional 237 shares during the period. Public Employees Retirement System of Ohio grew its position in shares of Liberty Broadband by 0.7% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 35,369 shares of the company’s stock valued at $2,247,000 after purchasing an additional 239 shares during the period. Finally, Treasurer of the State of North Carolina grew its position in shares of Liberty Broadband by 0.5% in the 2nd quarter. Treasurer of the State of North Carolina now owns 52,296 shares of the company’s stock valued at $5,145,000 after purchasing an additional 258 shares during the period. 80.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

LBRDK has been the subject of a number of recent research reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Liberty Broadband in a research report on Friday, March 27th. Wall Street Zen raised Liberty Broadband from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 2nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

Liberty Broadband Trading Up 1.2%

NASDAQ:LBRDK opened at $32.62 on Friday. Liberty Broadband Corporation has a twelve month low of $29.66 and a twelve month high of $101.46. 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 business has a 50 day moving average price of $40.83 and a two-hundred day moving average price of $46.48. The company has a market cap of $4.68 billion, a P/E ratio of -1.70 and a beta of 0.66.

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.