Hsbc Holdings PLC Buys Shares of 138,914 Liberty Broadband Corporation $LBRDK

Hsbc Holdings PLC bought a new position in Liberty Broadband Corporation (NASDAQ:LBRDK) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 138,914 shares of the company’s stock, valued at approximately $6,765,000. Hsbc Holdings PLC owned 0.10% of Liberty Broadband at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Highlander Partners L.P. purchased a new position in shares of Liberty Broadband during the fourth quarter valued at $26,000. eCIO Inc. purchased a new stake in Liberty Broadband in the fourth quarter worth about $30,000. Johnson Financial Group Inc. purchased a new stake in Liberty Broadband in the third quarter worth about $42,000. EverSource Wealth Advisors LLC grew its holdings in Liberty Broadband by 59.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 733 shares of the company’s stock worth $72,000 after acquiring an additional 273 shares in the last quarter. Finally, Danske Bank A S bought a new position in Liberty Broadband during the 3rd quarter worth about $51,000. 80.22% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LBRDK has been the subject of several recent research reports. Wall Street Zen upgraded shares of Liberty Broadband from a “strong sell” rating to a “sell” rating in a report on Saturday, May 2nd. Weiss Ratings reiterated a “sell (d)” rating on shares of Liberty Broadband in a research note on Wednesday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Liberty Broadband presently has a consensus rating of “Sell”.

Liberty Broadband Trading Up 3.4%

LBRDK opened at $31.34 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. The firm has a market cap of $4.50 billion, a price-to-earnings ratio of -1.63 and a beta of 0.66. Liberty Broadband Corporation has a 12 month low of $29.08 and a 12 month high of $101.46. The stock has a fifty day moving average price of $36.40 and a 200-day moving average price of $45.32.

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.