SG Americas Securities LLC Sells 45,394 Shares of Liberty Broadband Corporation $LBRDK

SG Americas Securities LLC lessened its holdings in shares of Liberty Broadband Corporation (NASDAQ:LBRDK) by 55.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,216 shares of the company’s stock after selling 45,394 shares during the quarter. SG Americas Securities LLC’s holdings in Liberty Broadband were worth $1,822,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of LBRDK. DLD Asset Management LP bought a new position in shares of Liberty Broadband during the third quarter worth approximately $4,636,000. M&T Bank Corp increased its position in Liberty Broadband by 4,476.6% during the 4th quarter. M&T Bank Corp now owns 234,824 shares of the company’s stock worth $12,421,000 after buying an additional 229,693 shares during the period. Banyan Capital Management Inc. acquired a new stake in shares of Liberty Broadband during the fourth quarter worth $3,366,000. Athos Capital Ltd acquired a new stake in shares of Liberty Broadband during the third quarter worth $10,746,000. Finally, Hudson Bay Capital Management LP boosted its position in shares of Liberty Broadband by 32.0% in the third quarter. Hudson Bay Capital Management LP now owns 165,000 shares of the company’s stock valued at $10,484,000 after acquiring an additional 40,000 shares during the period. 80.22% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on LBRDK shares. Wall Street Zen upgraded shares of Liberty Broadband from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 2nd. Weiss Ratings reiterated a “sell (d)” rating on shares of Liberty Broadband in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Liberty Broadband currently has an average rating of “Sell”.

Liberty Broadband Trading Down 1.8%

Shares of NASDAQ:LBRDK opened at $32.14 on Friday. The company has a market capitalization of $4.61 billion, a P/E ratio of -1.68 and a beta of 0.65. Liberty Broadband Corporation has a 1 year low of $29.08 and a 1 year high of $101.46. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.09 and a quick ratio of 1.09. The business’s 50 day simple moving average is $34.57 and its 200 day simple moving average is $44.87.

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.