Liberty Broadband Corporation $LBRDK Shares Sold by Aristeia Capital L.L.C.

Aristeia Capital L.L.C. trimmed its holdings in shares of Liberty Broadband Corporation (NASDAQ:LBRDK) by 45.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,893,185 shares of the company’s stock after selling 1,600,000 shares during the period. Liberty Broadband makes up approximately 2.0% of Aristeia Capital L.L.C.’s investment portfolio, making the stock its 10th largest holding. Aristeia Capital L.L.C. owned 1.32% of Liberty Broadband worth $92,009,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. AQR Capital Management LLC increased its stake in Liberty Broadband by 3.7% during the 1st quarter. AQR Capital Management LLC now owns 20,132 shares of the company’s stock valued at $1,707,000 after buying an additional 717 shares during the period. Integrated Wealth Concepts LLC lifted its stake in shares of Liberty Broadband by 4.4% in the 1st quarter. Integrated Wealth Concepts LLC now owns 4,092 shares of the company’s stock worth $348,000 after acquiring an additional 174 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Liberty Broadband by 38.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,773 shares of the company’s stock worth $2,617,000 after acquiring an additional 8,521 shares during the period. Jones Financial Companies Lllp boosted its holdings in shares of Liberty Broadband by 503.1% in the first quarter. Jones Financial Companies Lllp now owns 2,943 shares of the company’s stock valued at $250,000 after acquiring an additional 2,455 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in shares of Liberty Broadband by 94.3% during the first quarter. Goldman Sachs Group Inc. now owns 778,238 shares of the company’s stock valued at $66,189,000 after acquiring an additional 377,602 shares during the period. 80.22% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Liberty Broadband Trading Down 7.0%

Shares of NASDAQ:LBRDK opened at $30.87 on Thursday. The stock has a market capitalization of $4.43 billion, a price-to-earnings ratio of -1.61 and a beta of 0.66. Liberty Broadband Corporation has a 1-year low of $29.66 and a 1-year 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. The company has a 50 day moving average price of $39.39 and a 200 day moving average price of $46.11.

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.