Liberty Broadband Corporation (NASDAQ:LBRDA) Short Interest Down 14.1% in February

Liberty Broadband Corporation (NASDAQ:LBRDA) was the recipient of a significant decrease in short interest in February. As of February 27th, there was short interest totaling 401,499 shares, a decrease of 14.1% from the February 12th total of 467,316 shares. Based on an average trading volume of 101,483 shares, the days-to-cover ratio is presently 4.0 days. Approximately 0.3% of the shares of the company are sold short. Approximately 0.3% of the shares of the company are sold short. Based on an average trading volume of 101,483 shares, the days-to-cover ratio is presently 4.0 days.

Insider Buying and Selling

In other news, Director J David Wargo sold 2,232 shares of Liberty Broadband stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $57.61, for a total value of $128,585.52. Following the completion of the transaction, the director owned 471 shares of the company’s stock, valued at $27,134.31. This trade represents a 82.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 11.59% of the stock is currently owned by corporate insiders.

Institutional Trading of Liberty Broadband

A number of hedge funds have recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership increased its stake in Liberty Broadband by 31.4% in the second quarter. Arrowstreet Capital Limited Partnership now owns 467,550 shares of the company’s stock valued at $45,736,000 after acquiring an additional 111,853 shares during the last quarter. XTX Topco Ltd bought a new stake in Liberty Broadband during the second quarter worth about $1,322,000. Yakira Capital Management Inc. boosted its holdings in shares of Liberty Broadband by 48.1% in the 3rd quarter. Yakira Capital Management Inc. now owns 94,522 shares of the company’s stock worth $5,986,000 after purchasing an additional 30,711 shares in the last quarter. Squarepoint Ops LLC bought a new position in shares of Liberty Broadband during the 2nd quarter valued at about $6,802,000. Finally, JPMorgan Chase & Co. increased its position in shares of Liberty Broadband by 653.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 114,893 shares of the company’s stock valued at $11,239,000 after purchasing an additional 99,645 shares during the last quarter. 10.29% of the stock is owned by institutional investors.

Liberty Broadband Price Performance

Shares of LBRDA stock traded up $1.21 during trading on Tuesday, hitting $51.72. The company had a trading volume of 242,720 shares, compared to its average volume of 170,647. Liberty Broadband has a 52 week low of $42.05 and a 52 week high of $102.38. The stock has a market capitalization of $7.42 billion, a price-to-earnings ratio of -2.76 and a beta of 0.95. 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 stock’s 50-day moving average is $50.36 and its two-hundred day moving average is $52.60.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Liberty Broadband in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $115.00.

Liberty Broadband Company Profile

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.