Liberty Broadband Corporation $LBRDK is Slotnik Capital LLC’s 2nd Largest Position

Slotnik Capital LLC increased its holdings in shares of Liberty Broadband Corporation (NASDAQ:LBRDK) by 52.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 619,224 shares of the company’s stock after purchasing an additional 212,100 shares during the quarter. Liberty Broadband accounts for 12.3% of Slotnik Capital LLC’s portfolio, making the stock its 2nd biggest holding. Slotnik Capital LLC owned about 0.43% of Liberty Broadband worth $39,345,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of LBRDK. DLD Asset Management LP purchased a new stake in Liberty Broadband in the third quarter worth approximately $4,636,000. Charles Schwab Investment Management Inc. grew its position in Liberty Broadband by 0.6% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,025,474 shares of the company’s stock worth $100,886,000 after purchasing an additional 5,763 shares during the period. JPMorgan Chase & Co. raised its stake in Liberty Broadband by 493.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,270,557 shares of the company’s stock valued at $144,271,000 after buying an additional 1,887,742 shares during the last quarter. Alpine Associates Management Inc. purchased a new stake in Liberty Broadband during the 3rd quarter valued at $32,323,000. Finally, Athos Capital Ltd bought a new position in shares of Liberty Broadband during the 3rd quarter valued at $10,746,000. 80.22% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Liberty Broadband news, Director J David Wargo sold 2,232 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $57.61, for a total transaction of $128,585.52. Following the completion of the sale, the director directly owned 471 shares of the company’s stock, valued at approximately $27,134.31. This represents a 82.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 10.80% of the company’s stock.

Liberty Broadband Price Performance

NASDAQ LBRDK opened at $50.74 on Friday. The company has a 50-day moving average price of $50.45 and a 200-day moving average price of $52.98. Liberty Broadband Corporation has a 52 week low of $42.10 and a 52 week high of $104.00. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $7.28 billion, a P/E ratio of -2.71 and a beta of 0.95.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Liberty Broadband in a research note on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock 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.