Aristeia Capital L.L.C. Lowers Holdings in Liberty Broadband Corporation $LBRDK

Key Points

• Aristeia Capital L.L.C. has reduced its holdings in Liberty Broadband Corporation by 0.3%, selling 21,500 shares to maintain a total of 6,455,196 shares, which now constitutes 14.0% of its portfolio.
• Other institutional investors have also adjusted their positions in Liberty Broadband, with several firms acquiring new stakes or increasing their existing shares during the fourth quarter.
• Liberty Broadband has recently been upgraded to a "hold" rating by Wall Street Zen, reflecting analysts' perspectives on the stock's potential performance.

Aristeia Capital L.L.C. trimmed its stake in Liberty Broadband Corporation (NASDAQ:LBRDK - Free Report) by 0.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,455,196 shares of the company's stock after selling 21,500 shares during the quarter. Liberty Broadband comprises about 14.0% of Aristeia Capital L.L.C.'s holdings, making the stock its biggest position. Aristeia Capital L.L.C. owned 4.51% of Liberty Broadband worth $549,014,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the stock. Mercer Global Advisors Inc. ADV acquired a new position in shares of Liberty Broadband during the fourth quarter valued at about $351,000. Ameriprise Financial Inc. grew its holdings in shares of Liberty Broadband by 0.5% during the fourth quarter. Ameriprise Financial Inc. now owns 27,909 shares of the company's stock valued at $2,086,000 after buying an additional 131 shares during the last quarter. Baird Financial Group Inc. grew its holdings in shares of Liberty Broadband by 2.8% during the fourth quarter. Baird Financial Group Inc. now owns 27,163 shares of the company's stock valued at $2,031,000 after buying an additional 752 shares during the last quarter. Focus Partners Wealth acquired a new position in shares of Liberty Broadband during the fourth quarter valued at about $254,000. Finally, Graham Capital Management L.P. bought a new position in shares of Liberty Broadband during the fourth quarter valued at about $311,000. 80.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Liberty Broadband Stock Performance

LBRDK stock traded down $0.24 during mid-day trading on Friday, hitting $60.55. The company had a trading volume of 1,022,839 shares, compared to its average volume of 1,039,641. The firm has a market cap of $8.69 billion, a PE ratio of 7.99 and a beta of 0.97. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60. Liberty Broadband Corporation has a 12 month low of $57.75 and a 12 month high of $104.00. The stock's fifty day moving average price is $69.91 and its two-hundred day moving average price is $81.95.

About Liberty Broadband

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.