Slotnik Capital LLC Takes $12.73 Million Position in Liberty Broadband Corporation $LBRDA

Slotnik Capital LLC bought a new stake in shares of Liberty Broadband Corporation (NASDAQ:LBRDA) during the fourth quarter, HoldingsChannel.com reports. The fund bought 263,700 shares of the company’s stock, valued at approximately $12,731,000. Liberty Broadband makes up about 3.0% of Slotnik Capital LLC’s holdings, making the stock its 13th largest holding.

A number of other hedge funds have also recently modified their holdings of LBRDA. Squarepoint Ops LLC grew its stake in shares of Liberty Broadband by 364.1% during the third quarter. Squarepoint Ops LLC now owns 322,751 shares of the company’s stock valued at $20,440,000 after buying an additional 253,211 shares during the last quarter. Norges Bank bought a new position in Liberty Broadband in the fourth quarter worth approximately $10,408,000. Alpine Global Management LLC grew its stake in Liberty Broadband by 973.0% in the third quarter. Alpine Global Management LLC now owns 198,268 shares of the company’s stock worth $12,556,000 after purchasing an additional 179,790 shares in the last quarter. UBS Group AG grew its stake in Liberty Broadband by 390.6% in the fourth quarter. UBS Group AG now owns 222,860 shares of the company’s stock worth $10,760,000 after purchasing an additional 177,431 shares in the last quarter. Finally, Alliancebernstein L.P. grew its stake in Liberty Broadband by 3,768.1% in the third quarter. Alliancebernstein L.P. now owns 161,880 shares of the company’s stock worth $10,252,000 after purchasing an additional 157,695 shares in the last quarter. Institutional investors own 10.29% of the company’s stock.

Liberty Broadband Stock Down 1.7%

Shares of NASDAQ:LBRDA opened at $33.55 on Tuesday. 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 stock has a market cap of $4.81 billion, a P/E ratio of -1.75 and a beta of 0.66. The business’s 50 day moving average is $40.11 and its 200 day moving average is $46.20. Liberty Broadband Corporation has a 52-week low of $29.59 and a 52-week high of $101.00.

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

Analysts Set New Price Targets

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

Liberty Broadband 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.