Wedmont Private Capital Makes New $956,000 Investment in Liberty Broadband Corporation $LBRDK

Wedmont Private Capital bought a new stake in shares of Liberty Broadband Corporation (NASDAQ:LBRDK) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 31,141 shares of the company’s stock, valued at approximately $956,000.

A number of other large investors also recently made changes to their positions in the business. Western Wealth Management LLC acquired a new stake in shares of Liberty Broadband during the first quarter worth approximately $28,000. Essential Partners LLC increased its stake in Liberty Broadband by 153.9% in the 1st quarter. Essential Partners LLC now owns 678 shares of the company’s stock valued at $34,000 after buying an additional 411 shares during the period. Johnson Financial Group Inc. purchased a new stake in Liberty Broadband in the 3rd quarter worth approximately $42,000. Rothschild Investment LLC boosted its stake in shares of 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 during the period. Finally, Danske Bank A S acquired a new stake in shares of Liberty Broadband during the 3rd quarter valued at $51,000. Institutional investors and hedge funds own 80.22% of the company’s stock.

Liberty Broadband Price Performance

Shares of LBRDK opened at $36.02 on Wednesday. The firm has a market cap of $5.17 billion, a PE ratio of -5.15 and a beta of 0.64. The firm’s 50 day moving average price is $33.86 and its 200 day moving average price is $39.80. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.09 and a current ratio of 0.09. Liberty Broadband Corporation has a twelve month low of $26.25 and a twelve month high of $65.72.

Analyst Upgrades and Downgrades

Several research firms have recently commented on LBRDK. Weiss Ratings cut shares of Liberty Broadband from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, August 3rd. Wall Street Zen cut Liberty Broadband from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 1st. Finally, Citigroup lowered their target price on Liberty Broadband from $54.00 to $42.00 and set a “buy” rating on the stock in a research note on Friday, August 14th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, Liberty Broadband has a consensus rating of “Hold” and an average price target of $42.00.

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.