Capco Asset Management LLC Makes New $16.10 Million Investment in Liberty Broadband Corporation $LBRDK

Capco Asset Management LLC acquired a new position in shares of Liberty Broadband Corporation (NASDAQ:LBRDK – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 331,214 shares of the company’s stock, valued at approximately $16,097,000. Liberty Broadband comprises about 3.9% of Capco Asset Management LLC’s portfolio, making the stock its 10th biggest position.

Several other institutional investors have also recently bought and sold shares of LBRDK. Highlander Partners L.P. bought a new position in Liberty Broadband in the 4th quarter worth approximately $26,000. eCIO Inc. bought a new position in Liberty Broadband in the 4th quarter worth approximately $30,000. Johnson Financial Group Inc. bought a new position in Liberty Broadband in the 3rd quarter worth approximately $42,000. Danske Bank A S bought a new position in Liberty Broadband in the 3rd quarter worth approximately $51,000. Finally, EverSource Wealth Advisors LLC raised its position in Liberty Broadband by 59.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 733 shares of the company’s stock worth $72,000 after purchasing an additional 273 shares during the last quarter. Institutional investors own 80.22% of the company’s stock.

Liberty Broadband Stock Performance

Shares of Liberty Broadband stock opened at $34.84 on Friday. The firm has a fifty day moving average of $46.21 and a two-hundred day moving average of $48.14. The stock has a market capitalization of $5.00 billion, a price-to-earnings ratio of -1.82 and a beta of 0.70. Liberty Broadband Corporation has a 52 week low of $31.93 and a 52 week high of $101.46. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.09 and a current ratio of 1.09.

Analyst Ratings Changes

Several equities analysts recently issued reports on LBRDK shares. Wall Street Zen upgraded 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 report on Friday, March 27th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Liberty Broadband has a consensus rating of “Sell”.

Read Our Latest Report on LBRDK

About Liberty Broadband

(Free Report)

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.

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