Entropy Technologies LP Sells 20,856 Shares of Liberty Broadband Corporation $LBRDK

Entropy Technologies LP trimmed its holdings in shares of Liberty Broadband Corporation (NASDAQ:LBRDK) by 61.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,189 shares of the company’s stock after selling 20,856 shares during the quarter. Entropy Technologies LP’s holdings in Liberty Broadband were worth $663,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of LBRDK. Banyan Capital Management Inc. bought a new position in Liberty Broadband in the 4th quarter valued at $3,366,000. M&T Bank Corp raised its stake in shares of Liberty Broadband by 4,476.6% during the 4th quarter. M&T Bank Corp now owns 234,824 shares of the company’s stock worth $12,421,000 after purchasing an additional 229,693 shares during the period. Elser Financial Planning Inc purchased a new position in shares of Liberty Broadband in the 4th quarter worth about $1,538,000. Investment Management Associates Inc. ADV boosted its holdings in shares of Liberty Broadband by 8.8% in the 1st quarter. Investment Management Associates Inc. ADV now owns 467,220 shares of the company’s stock worth $23,501,000 after buying an additional 37,936 shares during the last quarter. Finally, Rothschild & Co Wealth Management UK Ltd grew its position in Liberty Broadband by 1.0% during the fourth quarter. Rothschild & Co Wealth Management UK Ltd now owns 953,079 shares of the company’s stock valued at $46,320,000 after buying an additional 9,670 shares during the period. 80.22% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on LBRDK. Wall Street Zen upgraded shares of Liberty Broadband from a “strong sell” rating to a “sell” rating in a report on Saturday, May 2nd. Weiss Ratings reiterated a “sell (d)” rating on shares of Liberty Broadband in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Liberty Broadband Trading Up 3.7%

Shares of LBRDK opened at $34.10 on Thursday. The business has a 50-day moving average of $31.83 and a 200 day moving average of $42.55. Liberty Broadband Corporation has a fifty-two week low of $26.25 and a fifty-two week high of $65.72. The firm has a market cap of $4.89 billion, a P/E ratio of -1.78 and a beta of 0.65. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.09 and a current ratio of 1.09.

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.