Ruane Cunniff & Goldfarb L.P. Decreases Stock Holdings in Liberty Broadband Corporation $LBRDK

Ruane Cunniff & Goldfarb L.P. reduced its stake in shares of Liberty Broadband Corporation (NASDAQ:LBRDK) by 1.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,841,624 shares of the company’s stock after selling 32,613 shares during the quarter. Liberty Broadband makes up 1.4% of Ruane Cunniff & Goldfarb L.P.’s holdings, making the stock its 17th largest position. Ruane Cunniff & Goldfarb L.P.’s holdings in Liberty Broadband were worth $89,503,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in LBRDK. Highlander Partners L.P. acquired a new position in Liberty Broadband during the 4th quarter valued at about $26,000. eCIO Inc. acquired a new position in Liberty Broadband during the 4th quarter valued at about $30,000. Johnson Financial Group Inc. acquired a new position in Liberty Broadband during the 3rd quarter valued at about $42,000. Rothschild Investment LLC increased 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 buying an additional 943 shares in the last quarter. Finally, Danske Bank A S acquired a new position in Liberty Broadband during the 3rd quarter valued at about $51,000. 80.22% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on LBRDK shares. 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 research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Liberty Broadband has a consensus rating of “Sell”.

Liberty Broadband Trading Up 4.8%

Shares of NASDAQ:LBRDK opened at $34.19 on Friday. Liberty Broadband Corporation has a 52-week low of $29.66 and a 52-week high of $101.46. The stock has a market cap of $4.91 billion, a price-to-earnings ratio of -1.78 and a beta of 0.66. 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 $40.51 and a 200-day moving average price of $46.39.

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.