Aristeia Capital L.L.C. Reduces Stock 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.

Other large investors have also bought and sold shares of the company. SouthState Corp acquired a new stake in Liberty Broadband in the first quarter worth $25,000. Vestor Capital LLC acquired a new stake in Liberty Broadband in the first quarter worth $44,000. Continuum Advisory LLC acquired a new stake in Liberty Broadband in the first quarter worth $58,000. Brooklyn Investment Group grew its holdings in Liberty Broadband by 28.6% in the first quarter. Brooklyn Investment Group now owns 1,361 shares of the company's stock worth $116,000 after purchasing an additional 303 shares during the period. Finally, Versant Capital Management Inc grew its holdings in Liberty Broadband by 171.6% in the first quarter. Versant Capital Management Inc now owns 1,657 shares of the company's stock worth $141,000 after purchasing an additional 1,047 shares during the period. 80.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Liberty Broadband Stock Down 0.4%

Shares of Liberty Broadband stock traded down $0.24 during trading hours on Friday, reaching $60.55. The company's stock had a trading volume of 1,022,839 shares, compared to its average volume of 1,228,867. Liberty Broadband Corporation has a one year low of $57.75 and a one year high of $104.00. The company has a market capitalization of $8.69 billion, a P/E ratio of 7.99 and a beta of 0.97. The stock's fifty day simple moving average is $70.71 and its two-hundred day simple moving average is $82.08. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60.

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.