Alpine Global Management LLC Has $4.83 Million Stock Position in Liberty Broadband Corporation $LBRDA

Alpine Global Management LLC reduced its stake in shares of Liberty Broadband Corporation (NASDAQ:LBRDA) by 49.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 100,000 shares of the company’s stock after selling 98,268 shares during the quarter. Liberty Broadband comprises about 0.8% of Alpine Global Management LLC’s holdings, making the stock its 27th largest position. Alpine Global Management LLC’s holdings in Liberty Broadband were worth $4,828,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of LBRDA. Comerica Bank raised its position in Liberty Broadband by 104.2% in the 4th quarter. Comerica Bank now owns 1,027 shares of the company’s stock worth $50,000 after purchasing an additional 524 shares during the last quarter. Franklin Resources Inc. boosted its position in Liberty Broadband by 66.2% in the 2nd quarter. Franklin Resources Inc. now owns 615 shares of the company’s stock valued at $60,000 after buying an additional 245 shares during the last quarter. Federation des caisses Desjardins du Quebec increased its stake in shares of Liberty Broadband by 22.0% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,377 shares of the company’s stock valued at $66,000 after buying an additional 248 shares during the period. CIBC Private Wealth Group LLC increased its stake in shares of Liberty Broadband by 26.4% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 2,621 shares of the company’s stock valued at $166,000 after buying an additional 547 shares during the period. Finally, CWM LLC raised its position in shares of Liberty Broadband by 223.4% during the fourth quarter. CWM LLC now owns 3,612 shares of the company’s stock worth $174,000 after acquiring an additional 2,495 shares during the last quarter. Institutional investors and hedge funds own 10.29% of the company’s stock.

Liberty Broadband Trading Down 4.2%

Shares of NASDAQ:LBRDA opened at $29.54 on Friday. The firm has a market cap of $4.24 billion, a price-to-earnings ratio of -1.54 and a beta of 0.66. Liberty Broadband Corporation has a 12 month low of $29.45 and a 12 month high of $101.00. The company’s fifty day simple moving average is $38.89 and its 200 day simple moving average is $45.89. 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 (NASDAQ:LBRDA) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $1.41 earnings per share for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Liberty Broadband in a report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Liberty Broadband Profile

Liberty Broadband Corporation is a holding company primarily focused on investments in broadband businesses, most notably a significant equity interest in Charter Communications, Inc As a shareholder of Charter’s Class A common stock, Liberty Broadband benefits from the growth and operational performance of one of the largest cable and broadband providers in the United States. The company does not operate consumer services directly but instead seeks to enhance shareholder value through its strategic stake and board representation in Charter.

In addition to its Charter position, Liberty Broadband holds an ownership interest in GCI Liberty, Inc, a holding company with interests in an Alaskan telecommunications provider and other media assets.