Liberty Broadband Corporation $LBRDK Stake Lifted by P Schoenfeld Asset Management LP

P Schoenfeld Asset Management LP lifted its stake in shares of Liberty Broadband Corporation (NASDAQ:LBRDK) by 35.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 191,900 shares of the company’s stock after acquiring an additional 50,000 shares during the period. Liberty Broadband accounts for approximately 3.3% of P Schoenfeld Asset Management LP’s portfolio, making the stock its 5th biggest position. P Schoenfeld Asset Management LP owned about 0.13% of Liberty Broadband worth $9,326,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of Liberty Broadband by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 11,162,599 shares of the company’s stock worth $709,272,000 after acquiring an additional 184,623 shares during the period. Norges Bank purchased a new position in shares of Liberty Broadband during the 4th quarter worth $180,881,000. Dimensional Fund Advisors LP raised its holdings in shares of Liberty Broadband by 6.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,943,136 shares of the company’s stock worth $187,006,000 after acquiring an additional 171,378 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of Liberty Broadband by 58.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,793,954 shares of the company’s stock worth $135,786,000 after acquiring an additional 1,035,126 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of Liberty Broadband by 493.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,270,557 shares of the company’s stock worth $144,271,000 after acquiring an additional 1,887,742 shares during the period. Hedge funds and other institutional investors own 80.22% of the company’s stock.

Liberty Broadband Price Performance

Shares of LBRDK opened at $34.19 on Monday. The firm has a market cap of $4.91 billion, a P/E ratio of -1.78 and a beta of 0.66. Liberty Broadband Corporation has a 12-month low of $29.66 and a 12-month high of $101.46. The company’s 50-day moving average price is $40.51 and its 200 day moving average price is $46.40. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.27.

Wall Street Analyst Weigh In

Several research firms have recently commented on LBRDK. Weiss Ratings reiterated a “sell (d)” rating on shares of Liberty Broadband in a report on Friday, March 27th. Wall Street Zen upgraded shares of Liberty Broadband from a “strong sell” rating to a “sell” rating in a report on Saturday, May 2nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

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.