Alpine Global Management LLC Buys 34,106 Shares of Liberty Broadband Corporation $LBRDK

Alpine Global Management LLC increased its stake in Liberty Broadband Corporation (NASDAQ:LBRDK) by 231.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 48,820 shares of the company’s stock after purchasing an additional 34,106 shares during the period. Alpine Global Management LLC’s holdings in Liberty Broadband were worth $2,373,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its holdings in shares of Liberty Broadband by 3.7% in the first quarter. AQR Capital Management LLC now owns 20,132 shares of the company’s stock valued at $1,707,000 after purchasing an additional 717 shares in the last quarter. Integrated Wealth Concepts LLC grew its holdings in shares of 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 buying an additional 174 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Liberty Broadband by 38.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,773 shares of the company’s stock worth $2,617,000 after buying an additional 8,521 shares in the last quarter. Jones Financial Companies Lllp raised its position in Liberty Broadband by 503.1% in the 1st quarter. Jones Financial Companies Lllp now owns 2,943 shares of the company’s stock valued at $250,000 after buying an additional 2,455 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in Liberty Broadband by 94.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 778,238 shares of the company’s stock valued at $66,189,000 after buying an additional 377,602 shares during the last quarter. 80.22% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LBRDK has been the topic of several research reports. Wall Street Zen upgraded Liberty Broadband from a “strong sell” rating to a “sell” rating in a research note 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 equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Liberty Broadband presently has an average rating of “Sell”.

Liberty Broadband Price Performance

Shares of NASDAQ LBRDK opened at $29.61 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.09 and a quick ratio of 1.09. The business has a 50-day moving average of $38.94 and a 200-day moving average of $45.99. The stock has a market capitalization of $4.25 billion, a price-to-earnings ratio of -1.54 and a beta of 0.66. Liberty Broadband Corporation has a fifty-two week low of $29.58 and a fifty-two week high of $101.46.

Liberty Broadband Company 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.