Tudor Investment Corp ET AL Buys 652,937 Shares of Liberty Broadband Corporation $LBRDK

Tudor Investment Corp ET AL lifted its position in Liberty Broadband Corporation (NASDAQ:LBRDK) by 47.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,022,007 shares of the company’s stock after buying an additional 652,937 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Liberty Broadband were worth $128,478,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Johnson Financial Group Inc. purchased a new position in Liberty Broadband during the third quarter valued at approximately $42,000. Mather Group LLC. purchased a new stake in Liberty Broadband in the 3rd quarter worth approximately $47,000. Danske Bank A S bought a new position in Liberty Broadband in the 3rd quarter valued at $51,000. Quent Capital LLC bought a new position in Liberty Broadband in the 3rd quarter valued at $53,000. Finally, EverSource Wealth Advisors LLC grew its position in shares of Liberty Broadband by 59.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 733 shares of the company’s stock valued at $72,000 after purchasing an additional 273 shares in the last quarter. 80.22% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Liberty Broadband news, Director J David Wargo sold 44,450 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $57.30, for a total value of $2,546,985.00. Following the completion of the transaction, the director owned 19,150 shares of the company’s stock, valued at $1,097,295. The trade was a 69.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 10.80% of the stock is currently owned by corporate insiders.

Liberty Broadband Stock Down 6.4%

LBRDK stock opened at $48.51 on Thursday. The company’s 50 day moving average is $50.55 and its 200 day moving average is $52.69. The stock has a market cap of $6.96 billion, a price-to-earnings ratio of -2.59 and a beta of 0.95. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.14. Liberty Broadband Corporation has a 1-year low of $42.10 and a 1-year high of $104.00.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Liberty Broadband in a report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

About Liberty Broadband

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.