Liberty Broadband (NASDAQ:LBRDK) Stock Rep. August Pfluger

Representative August Pfluger (Republican-Texas) recently bought shares of Liberty Broadband Corporation (NASDAQ:LBRDK). In a filing disclosed on September 14th, the Representative disclosed that they had bought between $1,001 and $15,000 in Liberty Broadband stock on August 20th. The trade occurred in the Representative’s “ROTH IRA” account.

Liberty Broadband Stock Performance

NASDAQ:LBRDK opened at $36.02 on Wednesday. The stock has a market cap of $5.17 billion, a price-to-earnings ratio of -5.15 and a beta of 0.64. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.09 and a current ratio of 0.09. Liberty Broadband Corporation has a 1 year low of $26.25 and a 1 year high of $65.72. The business has a fifty day moving average of $34.24 and a 200-day moving average of $39.19.

Analysts Set New Price Targets

A number of brokerages recently issued reports on LBRDK. Weiss Ratings lowered shares of Liberty Broadband from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday, August 3rd. Wall Street Zen lowered shares of Liberty Broadband from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 1st. Finally, Citigroup dropped their target price on Liberty Broadband from $54.00 to $42.00 and set a “buy” rating on the stock in a report on Friday, August 14th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $42.00.

Institutional Trading of Liberty Broadband

Large investors have recently added to or reduced their stakes in the business. Sei Investments Co. lifted its position in shares of Liberty Broadband by 75.7% during the 1st quarter. Sei Investments Co. now owns 162,451 shares of the company’s stock valued at $8,171,000 after acquiring an additional 69,971 shares during the last quarter. Quantinno Capital Management LP grew its holdings in shares of Liberty Broadband by 30.8% in the 1st quarter. Quantinno Capital Management LP now owns 387,044 shares of the company’s stock worth $19,468,000 after acquiring an additional 91,176 shares during the last quarter. Investment Management Associates Inc. ADV raised its position in shares of Liberty Broadband by 8.8% during the first quarter. Investment Management Associates Inc. ADV now owns 467,220 shares of the company’s stock worth $23,501,000 after purchasing an additional 37,936 shares during the period. Polar Asset Management Partners Inc. raised its position in shares of Liberty Broadband by 50.0% during the first quarter. Polar Asset Management Partners Inc. now owns 600,000 shares of the company’s stock worth $30,180,000 after purchasing an additional 200,000 shares during the period. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Liberty Broadband by 8.5% during the second quarter. Assenagon Asset Management S.A. now owns 2,416,591 shares of the company’s stock valued at $80,376,000 after purchasing an additional 189,394 shares during the last quarter. 80.22% of the stock is currently owned by institutional investors.

About Representative Pfluger

August Pfluger (Republican Party) is a member of the U.S. House, representing Texas’ 11th Congressional District. He assumed office on January 3, 2021. His current term ends on January 3, 2027.

Pfluger (Republican Party) is running for re-election to the U.S. House to represent Texas’ 11th Congressional District. He declared candidacy for the 2026 election.

August Pfluger lives in San Angelo, Texas. Pfluger graduated from San Angelo High School. He serves in the U.S. Air Force Reserves and has reached the rank of colonel.

Pfluger earned a degree from the U.S. Air Force Academy. His career experience includes working as a National Security Council advisor with the Trump administration.

Liberty Broadband Company Profile

Liberty Broadband Corporation is a holding company focused primarily on communications and broadband businesses. Its principal assets include GCI Holdings, LLC, an Alaska-based telecommunications provider, and an ownership interest in Charter Communications, Inc, a major U.S. broadband and cable operator.

Through GCI, Liberty Broadband provides broadband internet, wireless communications, video, voice, data networking and other telecommunications services to residential, business, government and wholesale customers.