Geode Capital Management LLC Buys 25,624 Shares of Liberty Broadband Corporation $LBRDK

Geode Capital Management LLC increased its stake in shares of Liberty Broadband Corporation (NASDAQ:LBRDK) by 1.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,241,626 shares of the company’s stock after acquiring an additional 25,624 shares during the quarter. Geode Capital Management LLC owned approximately 1.56% of Liberty Broadband worth $108,966,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in LBRDK. Highlander Partners L.P. bought a new position in shares of Liberty Broadband in the fourth quarter valued at $26,000. eCIO Inc. purchased a new stake in shares of Liberty Broadband in the fourth quarter valued at about $30,000. Johnson Financial Group Inc. purchased a new stake in shares of Liberty Broadband in the third quarter valued at about $42,000. Danske Bank A S purchased a new stake in Liberty Broadband during the third quarter worth about $51,000. Finally, EverSource Wealth Advisors LLC increased its holdings in Liberty Broadband by 59.3% during the second quarter. EverSource Wealth Advisors LLC now owns 733 shares of the company’s stock worth $72,000 after buying an additional 273 shares during the last quarter. 80.22% of the stock is owned by institutional investors.

Analysts Set New Price Targets

LBRDK has been the subject of a number of research analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of Liberty Broadband in a report on Friday, March 27th. Wall Street Zen upgraded shares of Liberty Broadband from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 2nd. One analyst has rated the stock with a Sell rating, According to MarketBeat, Liberty Broadband has an average rating of “Sell”.

Liberty Broadband Price Performance

Shares of NASDAQ:LBRDK opened at $30.91 on Friday. Liberty Broadband Corporation has a 12 month low of $29.66 and a 12 month high of $101.46. The stock has a market cap of $4.44 billion, a P/E ratio of -1.61 and a beta of 0.66. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.27. The company has a 50 day moving average of $42.35 and a 200 day moving average of $46.87.

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.