Weitz Investment Management Inc. Purchases Shares of 123,750 Liberty Broadband Corporation $LBRDA

Weitz Investment Management Inc. acquired a new position in shares of Liberty Broadband Corporation (NASDAQ:LBRDA) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 123,750 shares of the company’s stock, valued at approximately $4,118,000.

A number of other institutional investors also recently made changes to their positions in the company. KCM Investment Advisors LLC bought a new position in shares of Liberty Broadband during the first quarter worth approximately $1,589,000. Quantinno Capital Management LP boosted its stake in Liberty Broadband by 47.8% in the 1st quarter. Quantinno Capital Management LP now owns 116,012 shares of the company’s stock valued at $5,826,000 after purchasing an additional 37,519 shares during the period. S&CO Inc. acquired a new position in Liberty Broadband in the 2nd quarter valued at $4,042,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in Liberty Broadband in the 1st quarter valued at $6,278,000. Finally, UBS Group AG increased its position in Liberty Broadband by 390.6% during the 4th quarter. UBS Group AG now owns 222,860 shares of the company’s stock worth $10,760,000 after buying an additional 177,431 shares during the period. Institutional investors own 10.29% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded Liberty Broadband from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

Liberty Broadband Price Performance

NASDAQ LBRDA opened at $35.99 on Friday. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.10. The company has a market cap of $5.16 billion, a price-to-earnings ratio of -5.15 and a beta of 0.64. The company has a 50 day moving average of $32.73 and a 200-day moving average of $41.36. Liberty Broadband Corporation has a 1-year low of $26.14 and a 1-year high of $65.40.

About Liberty Broadband

Liberty Broadband Corporation is a holding company primarily focused on investments in broadband businesses, most notably a significant equity interest in Charter Communications, Inc As a shareholder of Charter’s Class A common stock, Liberty Broadband benefits from the growth and operational performance of one of the largest cable and broadband providers in the United States. The company does not operate consumer services directly but instead seeks to enhance shareholder value through its strategic stake and board representation in Charter.

In addition to its Charter position, Liberty Broadband holds an ownership interest in GCI Liberty, Inc, a holding company with interests in an Alaskan telecommunications provider and other media assets.