Liberty Broadband Corporation $LBRDA Shares Acquired by Yakira Capital Management Inc.

Key Points

• Yakira Capital Management Inc. increased its stake in Liberty Broadband by 48.1% in Q3 to 94,522 shares (adding 30,711 shares), a position worth about $5.99 million and representing ~2.1% of Yakira’s portfolio (its 11th largest holding).
• Liberty Broadband shares opened at $54.07, trade in a 12‑month range of $42.05–$102.38, have a market cap of $7.76 billion and a negative P/E of -2.89; analysts’ consensus is an average rating of Hold with a $115 target while Weiss Ratings recently reiterated a “sell (d)”.
• Director J. David Wargo sold 2,232 shares on Feb. 10 for about $128,586 (an ~82.6% reduction in his stake), and insiders collectively own 11.59% of the company.

Yakira Capital Management Inc. boosted its position in shares of Liberty Broadband Corporation (NASDAQ:LBRDA - Free Report) by 48.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 94,522 shares of the company's stock after buying an additional 30,711 shares during the quarter. Liberty Broadband accounts for approximately 2.1% of Yakira Capital Management Inc.'s investment portfolio, making the stock its 11th largest position. Yakira Capital Management Inc. owned approximately 0.07% of Liberty Broadband worth $5,986,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. AQR Capital Management LLC boosted its position in shares of Liberty Broadband by 35.0% during the 1st quarter. AQR Capital Management LLC now owns 16,572 shares of the company's stock valued at $1,409,000 after purchasing an additional 4,298 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Liberty Broadband by 1.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 25,897 shares of the company's stock worth $2,201,000 after purchasing an additional 319 shares in the last quarter. Empowered Funds LLC bought a new stake in shares of Liberty Broadband in the 1st quarter worth approximately $304,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Liberty Broadband by 4.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 40,796 shares of the company's stock valued at $3,468,000 after purchasing an additional 1,731 shares during the last quarter. Finally, Bank of Montreal Can boosted its holdings in Liberty Broadband by 16.0% during the second quarter. Bank of Montreal Can now owns 2,661 shares of the company's stock worth $260,000 after buying an additional 367 shares in the last quarter. 10.29% of the stock is owned by institutional investors and hedge funds.

Liberty Broadband Stock Performance

Shares of Liberty Broadband stock opened at $54.07 on Monday. Liberty Broadband Corporation has a 12 month low of $42.05 and a 12 month high of $102.38. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.14. The stock has a market cap of $7.76 billion, a PE ratio of -2.89 and a beta of 0.95. The business has a fifty day simple moving average of $50.05 and a 200-day simple moving average of $53.04.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a "sell (d)" rating on shares of Liberty Broadband in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Liberty Broadband currently has an average rating of "Hold" and an average target price of $115.00.

Insider Buying and Selling

In other Liberty Broadband news, Director J David Wargo sold 2,232 shares of the firm's stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $57.61, for a total transaction of $128,585.52. Following the completion of the sale, the director directly owned 471 shares in the company, valued at approximately $27,134.31. This trade represents a 82.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 11.59% of the company's stock.

About Liberty Broadband

Liberty Broadband Corporation is a holding company primarily focused on investments in broadband businesses, most notably a significant equity interest in Charter Communications, Inc As a shareholder of Charter's Class A common stock, Liberty Broadband benefits from the growth and operational performance of one of the largest cable and broadband providers in the United States. The company does not operate consumer services directly but instead seeks to enhance shareholder value through its strategic stake and board representation in Charter.

In addition to its Charter position, Liberty Broadband holds an ownership interest in GCI Liberty, Inc, a holding company with interests in an Alaskan telecommunications provider and other media assets.

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