Aspen Grove Capital LLC Takes $14.49 Million Position in Liberty Broadband Corporation $LBRDK

Aspen Grove Capital LLC bought a new position in shares of Liberty Broadband Corporation (NASDAQ:LBRDK) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 288,156 shares of the company’s stock, valued at approximately $14,494,000. Liberty Broadband comprises approximately 2.8% of Aspen Grove Capital LLC’s holdings, making the stock its 12th biggest holding.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Highlander Partners L.P. acquired a new position in Liberty Broadband in the 4th quarter valued at $26,000. eCIO Inc. bought a new stake in shares of Liberty Broadband in the fourth quarter valued at about $30,000. Johnson Financial Group Inc. bought a new stake in Liberty Broadband in the 3rd quarter valued at about $42,000. Rothschild Investment LLC boosted its holdings in Liberty Broadband by 7,253.8% in the 4th quarter. Rothschild Investment LLC now owns 956 shares of the company’s stock valued at $46,000 after purchasing an additional 943 shares during the period. Finally, Danske Bank A S acquired a new position in shares of Liberty Broadband during the 3rd quarter worth approximately $51,000. Institutional investors own 80.22% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on LBRDK shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Liberty Broadband in a report on Wednesday, June 24th. Wall Street Zen upgraded Liberty Broadband from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 2nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Liberty Broadband Stock Down 2.3%

NASDAQ LBRDK opened at $29.71 on Friday. The business has a fifty day moving average price of $31.95 and a two-hundred day moving average price of $43.03. The stock has a market capitalization of $4.26 billion, a PE ratio of -1.55 and a beta of 0.65. Liberty Broadband Corporation has a fifty-two week low of $28.94 and a fifty-two week high of $90.99. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.09 and a quick ratio of 1.09.

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.