Algert Global LLC Has $9.32 Million Holdings in Liberty Broadband Corporation $LBRDK

Key Points

• Algert Global LLC significantly increased its stake in Liberty Broadband Corporation by 151.6%, owning approximately $9.32 million worth of stock following the purchase of additional shares.
• Other institutional investors have also made recent acquisitions in Liberty Broadband, with 80.22% of the stock now owned by institutions and hedge funds.
• Liberty Broadband has been upgraded to a "hold" rating by Wall Street Zen, amidst a market cap of approximately $8.83 billion and notable stock performance metrics like a P/E ratio of 8.12.

Algert Global LLC boosted its holdings in shares of Liberty Broadband Corporation (NASDAQ:LBRDK - Free Report) by 151.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,578 shares of the company's stock after buying an additional 66,019 shares during the period. Algert Global LLC owned about 0.08% of Liberty Broadband worth $9,320,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Deutsche Bank AG lifted its position in Liberty Broadband by 125.6% during the 4th quarter. Deutsche Bank AG now owns 3,060,143 shares of the company's stock worth $228,776,000 after buying an additional 1,703,637 shares in the last quarter. Adage Capital Partners GP L.L.C. lifted its position in Liberty Broadband by 425.3% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 1,231,136 shares of the company's stock worth $92,040,000 after buying an additional 996,764 shares in the last quarter. Pentwater Capital Management LP lifted its position in Liberty Broadband by 454.0% during the 4th quarter. Pentwater Capital Management LP now owns 1,108,000 shares of the company's stock worth $82,834,000 after buying an additional 908,000 shares in the last quarter. Makaira Partners LLC lifted its position in Liberty Broadband by 219.6% during the 4th quarter. Makaira Partners LLC now owns 1,244,270 shares of the company's stock worth $93,022,000 after buying an additional 854,954 shares in the last quarter. Finally, Benchstone Capital Management LP acquired a new position in Liberty Broadband during the 4th quarter worth about $41,221,000. Institutional investors and hedge funds own 80.22% of the company's stock.

Liberty Broadband Stock Up 3.4%

Shares of NASDAQ LBRDK traded up $2.0840 during trading hours on Friday, hitting $63.5740. The company had a trading volume of 505,025 shares, compared to its average volume of 1,243,885. The stock has a market capitalization of $9.12 billion, a P/E ratio of 8.39 and a beta of 0.96. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. Liberty Broadband Corporation has a 1-year low of $57.91 and a 1-year high of $104.00. The firm's 50 day moving average is $80.75 and its 200-day moving average is $84.04.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Liberty Broadband to a "hold" rating in a research note on Saturday, July 12th.

Liberty Broadband Profile

Liberty Broadband Corporation engages in the communications businesses. The company's GCI Holdings segment provides data, wireless, video, voice, and managed services to residential customers, businesses, governmental entities, educational, and medical institutions in Alaska under the GCI brand.