Dimensional Fund Advisors LP Grows Holdings in Liberty Broadband Corporation $LBRDK

Key Points

• Dimensional Fund Advisors LP increased its stake in Liberty Broadband by 6.2%, acquiring 171,378 shares to hold 2,943,136 shares (~2.05% ownership) valued at about $187 million.
• Director J David Wargo sold 44,450 shares at an average price of $57.30 for roughly $2.55 million, reducing his holding by about 69.9% to 19,150 shares; insiders own 10.8% of the company.
• Analyst sentiment is negative: Weiss Ratings reaffirmed a "Sell (d)" and MarketBeat shows a consensus "Sell" rating for Liberty Broadband.

Dimensional Fund Advisors LP increased its holdings in Liberty Broadband Corporation (NASDAQ:LBRDK - Free Report) by 6.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,943,136 shares of the company's stock after acquiring an additional 171,378 shares during the quarter. Dimensional Fund Advisors LP owned about 2.05% of Liberty Broadband worth $187,006,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Parkside Financial Bank & Trust grew its holdings in Liberty Broadband by 195.1% in the second quarter. Parkside Financial Bank & Trust now owns 360 shares of the company's stock worth $35,000 after purchasing an additional 238 shares during the period. Assetmark Inc. lifted its holdings in shares of Liberty Broadband by 1,054.1% during the second quarter. Assetmark Inc. now owns 427 shares of the company's stock valued at $42,000 after purchasing an additional 390 shares during the last quarter. Mather Group LLC. purchased a new position in shares of Liberty Broadband during the third quarter valued at approximately $47,000. EverSource Wealth Advisors LLC boosted its position in shares of Liberty Broadband by 59.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 733 shares of the company's stock worth $72,000 after purchasing an additional 273 shares in the last quarter. Finally, AlphaCore Capital LLC bought a new stake in shares of Liberty Broadband in the 2nd quarter worth approximately $80,000. 80.22% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a "sell (d)" rating on shares of Liberty Broadband in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Liberty Broadband presently has a consensus rating of "Sell".

Insider Activity

In other news, Director J David Wargo sold 44,450 shares of the stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $57.30, for a total transaction of $2,546,985.00. Following the sale, the director owned 19,150 shares in the company, valued at $1,097,295. This represents a 69.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 10.80% of the company's stock.

Liberty Broadband Stock Performance

Shares of Liberty Broadband stock opened at $54.12 on Monday. The stock has a market cap of $7.77 billion, a price-to-earnings ratio of -2.89 and a beta of 0.95. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.10 and a quick ratio of 0.10. Liberty Broadband Corporation has a 1 year low of $42.10 and a 1 year high of $104.00. The firm's 50-day moving average is $50.20 and its 200 day moving average is $53.24.

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.

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