Entropy Technologies LP Makes New $1.66 Million Investment in Liberty Broadband Corporation $LBRDK

Entropy Technologies LP acquired a new position in shares of Liberty Broadband Corporation (NASDAQ:LBRDK) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 34,045 shares of the company’s stock, valued at approximately $1,655,000.

A number of other large investors also recently added to or reduced their stakes in LBRDK. AQR Capital Management LLC raised its position in Liberty Broadband by 3.7% during the first quarter. AQR Capital Management LLC now owns 20,132 shares of the company’s stock worth $1,707,000 after acquiring an additional 717 shares during the period. 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 grew its holdings in shares of Liberty Broadband by 503.1% during the first quarter. Jones Financial Companies Lllp now owns 2,943 shares of the company’s stock worth $250,000 after buying an additional 2,455 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings 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 worth $66,189,000 after buying an additional 377,602 shares in the last quarter. 80.22% of the stock is currently owned by institutional investors and hedge funds.

Liberty Broadband Price Performance

Liberty Broadband stock opened at $33.64 on Tuesday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.27. Liberty Broadband Corporation has a 52-week low of $29.66 and a 52-week high of $101.46. The company has a fifty day simple moving average of $40.16 and a 200-day simple moving average of $46.31. The firm has a market capitalization of $4.83 billion, a price-to-earnings ratio of -1.75 and a beta of 0.66.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Liberty Broadband in a report on Friday, March 27th. Wall Street Zen raised shares of Liberty Broadband from a “strong sell” rating to a “sell” rating in a report on Saturday, May 2nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

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.