Liberty Broadband Corporation $LBRDK Stock Position Increased by P Schoenfeld Asset Management LP

P Schoenfeld Asset Management LP grew its holdings in shares of Liberty Broadband Corporation (NASDAQ:LBRDK) by 35.2% during the fourth quarter, Holdings Channel reports. The firm owned 191,900 shares of the company’s stock after purchasing an additional 50,000 shares during the quarter. Liberty Broadband comprises about 3.3% of P Schoenfeld Asset Management LP’s holdings, making the stock its 5th largest position. P Schoenfeld Asset Management LP’s holdings in Liberty Broadband were worth $9,326,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Integrated Wealth Concepts LLC increased its stake in Liberty Broadband by 4.4% during the first quarter. Integrated Wealth Concepts LLC now owns 4,092 shares of the company’s stock worth $348,000 after purchasing an additional 174 shares during the period. Mariner LLC increased its stake in shares of Liberty Broadband by 3.4% during the third quarter. Mariner LLC now owns 6,958 shares of the company’s stock worth $442,000 after buying an additional 226 shares during the period. Captrust Financial Advisors increased its stake in shares of Liberty Broadband by 4.6% during the second quarter. Captrust Financial Advisors now owns 5,376 shares of the company’s stock worth $529,000 after buying an additional 237 shares during the period. Public Employees Retirement System of Ohio increased its stake in shares of Liberty Broadband by 0.7% during the third quarter. Public Employees Retirement System of Ohio now owns 35,369 shares of the company’s stock worth $2,247,000 after buying an additional 239 shares during the period. Finally, Treasurer of the State of North Carolina increased its stake in shares of Liberty Broadband by 0.5% during the second quarter. Treasurer of the State of North Carolina now owns 52,296 shares of the company’s stock worth $5,145,000 after buying an additional 258 shares during the period. 80.22% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Broadband Stock Performance

Shares of LBRDK opened at $34.19 on Monday. The stock has a 50 day moving average price of $40.51 and a 200 day moving average price of $46.40. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $4.91 billion, a price-to-earnings ratio of -1.78 and a beta of 0.66. Liberty Broadband Corporation has a 52-week low of $29.66 and a 52-week high of $101.46.

Analyst Upgrades and Downgrades

LBRDK has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of Liberty Broadband from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 2nd. Weiss Ratings restated a “sell (d)” rating on shares of Liberty Broadband in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Liberty Broadband Profile

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.