Machina Capital S.A.S. Has $13.35 Million Stake in Liberty Broadband Corporation $LBRDK

Machina Capital S.A.S. raised its stake in shares of Liberty Broadband Corporation (NASDAQ:LBRDK) by 42.7% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 135,741 shares of the company’s stock after purchasing an additional 40,621 shares during the period. Liberty Broadband accounts for approximately 2.8% of Machina Capital S.A.S.’s holdings, making the stock its biggest position. Machina Capital S.A.S. owned 0.09% of Liberty Broadband worth $13,354,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in LBRDK. SouthState Corp bought a new position in shares of Liberty Broadband during the 1st quarter valued at about $25,000. Assetmark Inc. raised its position in shares of Liberty Broadband by 1,054.1% during the 2nd quarter. Assetmark Inc. now owns 427 shares of the company’s stock valued at $42,000 after buying an additional 390 shares in the last quarter. Vestor Capital LLC purchased a new stake in shares of Liberty Broadband during the 1st quarter valued at about $44,000. Fortitude Family Office LLC purchased a new stake in shares of Liberty Broadband during the 2nd quarter valued at about $48,000. Finally, GAMMA Investing LLC raised its position in shares of Liberty Broadband by 39.2% during the 2nd quarter. GAMMA Investing LLC now owns 589 shares of the company’s stock valued at $58,000 after buying an additional 166 shares in the last quarter. Institutional investors own 80.22% of the company’s stock.

Liberty Broadband Stock Performance

Liberty Broadband stock opened at $53.82 on Monday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60. Liberty Broadband Corporation has a 1-year low of $49.59 and a 1-year high of $104.00. The firm has a market capitalization of $7.72 billion, a P/E ratio of 7.10 and a beta of 1.01. The company’s 50-day moving average is $60.24 and its 200 day moving average is $76.54.

Analyst Upgrades and Downgrades

LBRDK has been the topic of several recent research reports. Wall Street Zen upgraded shares of Liberty Broadband to a “hold” rating in a research report on Saturday, July 12th. Weiss Ratings restated a “hold (c-)” rating on shares of Liberty Broadband in a research report on Friday. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold”.

About Liberty Broadband

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.