UBS Group AG Boosts Stock Position in Liberty Broadband Corporation $LBRDA

UBS Group AG lifted its stake in Liberty Broadband Corporation (NASDAQ:LBRDA) by 390.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 222,860 shares of the company’s stock after buying an additional 177,431 shares during the quarter. UBS Group AG’s holdings in Liberty Broadband were worth $10,760,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of LBRDA. Quent Capital LLC purchased a new position in Liberty Broadband during the third quarter valued at approximately $36,000. Franklin Resources Inc. boosted its position in Liberty Broadband by 66.2% in the 2nd quarter. Franklin Resources Inc. now owns 615 shares of the company’s stock worth $60,000 after purchasing an additional 245 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new stake in Liberty Broadband in the 3rd quarter worth approximately $144,000. CIBC Private Wealth Group LLC boosted its position in Liberty Broadband by 26.4% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 2,621 shares of the company’s stock worth $166,000 after purchasing an additional 547 shares in the last quarter. Finally, CWM LLC boosted its position in Liberty Broadband by 223.4% in the 4th quarter. CWM LLC now owns 3,612 shares of the company’s stock worth $174,000 after purchasing an additional 2,495 shares in the last quarter. 10.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Liberty Broadband in a research report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Liberty Broadband Trading Down 5.1%

Liberty Broadband stock opened at $32.73 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.27. Liberty Broadband Corporation has a 12 month low of $31.91 and a 12 month high of $102.38. The stock’s 50 day simple moving average is $47.66 and its two-hundred day simple moving average is $48.67. The firm has a market cap of $4.70 billion, a PE ratio of -1.71 and a beta of 0.70.

Liberty Broadband (NASDAQ:LBRDA) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $1.41 earnings per share (EPS) for the quarter.

Liberty Broadband 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.