36,118 Shares in Liberty Broadband Co. (NASDAQ:LBRDK) Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new stake in Liberty Broadband Co. (NASDAQ:LBRDK) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 36,118 shares of the company’s stock, valued at approximately $2,700,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Barclays PLC increased its stake in shares of Liberty Broadband by 6.4% in the 3rd quarter. Barclays PLC now owns 6,899,331 shares of the company’s stock worth $533,251,000 after acquiring an additional 415,496 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Liberty Broadband by 23.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 3,585,407 shares of the company’s stock valued at $268,045,000 after purchasing an additional 686,089 shares during the period. Geode Capital Management LLC increased its position in Liberty Broadband by 1.6% during the third quarter. Geode Capital Management LLC now owns 2,014,571 shares of the company’s stock worth $155,736,000 after purchasing an additional 31,484 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Liberty Broadband by 63.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 940,168 shares of the company’s stock worth $72,666,000 after purchasing an additional 366,614 shares during the last quarter. Finally, Rothschild & Co Wealth Management UK Ltd raised its stake in Liberty Broadband by 0.8% during the fourth quarter. Rothschild & Co Wealth Management UK Ltd now owns 838,969 shares of the company’s stock worth $62,721,000 after purchasing an additional 6,841 shares during the period. Institutional investors and hedge funds own 80.22% of the company’s stock.

Liberty Broadband Stock Performance

Shares of Liberty Broadband stock opened at $82.36 on Tuesday. The business’s fifty day simple moving average is $77.74 and its 200-day simple moving average is $76.75. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. The firm has a market cap of $11.76 billion, a PE ratio of 15.17 and a beta of 1.04. Liberty Broadband Co. has a 52 week low of $46.46 and a 52 week high of $101.50.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Liberty Broadband in a research note on Tuesday. They issued a “sell” rating for the company.

Insider Buying and Selling at Liberty Broadband

In related news, CEO Gregory B. Maffei sold 71,500 shares of Liberty Broadband stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $82.00, for a total value of $5,863,000.00. Following the completion of the transaction, the chief executive officer now owns 2,827,013 shares in the company, valued at approximately $231,815,066. The trade was a 2.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 10.80% of the stock is owned by corporate insiders.

Liberty Broadband Profile

Liberty Broadband Corporation engages in the communications businesses. The company's GCI Holdings segment provides data, wireless, video, voice, and managed services to residential customers, businesses, governmental entities, educational, and medical institutions in Alaska under the GCI brand.