SG Americas Securities LLC Sells 45,394 Shares of Liberty Broadband Corporation $LBRDK

SG Americas Securities LLC cut its holdings in Liberty Broadband Corporation (NASDAQ:LBRDK) by 55.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 36,216 shares of the company’s stock after selling 45,394 shares during the period. SG Americas Securities LLC’s holdings in Liberty Broadband were worth $1,822,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. HBK Investments L P boosted its holdings in Liberty Broadband by 4.1% during the fourth quarter. HBK Investments L P now owns 5,908,691 shares of the company’s stock worth $287,162,000 after purchasing an additional 233,691 shares during the last quarter. Norges Bank bought a new stake in Liberty Broadband during the 4th quarter worth about $180,881,000. Dimensional Fund Advisors LP lifted its position in Liberty Broadband by 6.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,943,136 shares of the company’s stock worth $187,006,000 after buying an additional 171,378 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Liberty Broadband by 58.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,793,954 shares of the company’s stock worth $135,786,000 after buying an additional 1,035,126 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in shares of Liberty Broadband by 23.7% during the 4th quarter. Millennium Management LLC now owns 2,533,736 shares of the company’s stock worth $123,140,000 after buying an additional 485,301 shares during the last quarter. Institutional investors own 80.22% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on LBRDK shares. Wall Street Zen upgraded 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 report on Wednesday, June 24th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Liberty Broadband currently has an average rating of “Sell”.

Liberty Broadband Price Performance

Shares of LBRDK opened at $32.14 on Friday. The company has a market cap of $4.61 billion, a price-to-earnings ratio of -1.68 and a beta of 0.65. Liberty Broadband Corporation has a 1-year low of $29.08 and a 1-year high of $101.46. The company’s fifty day simple moving average is $34.57 and its 200 day simple moving average is $44.87. 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 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.