Slotnik Capital LLC Has $10.52 Million Position in Liberty Broadband Corporation $LBRDK

Key Points

• Slotnik Capital LLC increased its holdings in Liberty Broadband Corporation by **32%**, making it the firm's **7th largest position**.
• Other investors, including **Goldman Sachs Group Inc.** and **Jones Financial Companies Lllp**, significantly raised their stakes in Liberty Broadband, with Goldman Sachs increasing its holdings by **94.3%**.
• Liberty Broadband's stock opened at **$60.54**, with a fifty-two week trading range of **$57.75 to $104.00**, reflecting its current market capitalization of **$8.69 billion**.

Slotnik Capital LLC increased its position in shares of Liberty Broadband Corporation (NASDAQ:LBRDK - Free Report) by 32.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 123,700 shares of the company's stock after buying an additional 30,000 shares during the period. Liberty Broadband accounts for approximately 5.1% of Slotnik Capital LLC's investment portfolio, making the stock its 7th biggest position. Slotnik Capital LLC owned approximately 0.09% of Liberty Broadband worth $10,521,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in LBRDK. Dimensional Fund Advisors LP increased its holdings in shares of Liberty Broadband by 13.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,310,698 shares of the company's stock valued at $196,522,000 after purchasing an additional 275,354 shares during the last quarter. Madison Asset Management LLC increased its holdings in shares of Liberty Broadband by 8.5% in the first quarter. Madison Asset Management LLC now owns 1,781,745 shares of the company's stock valued at $151,537,000 after purchasing an additional 140,307 shares during the last quarter. Adage Capital Partners GP L.L.C. increased its holdings in shares of Liberty Broadband by 21.2% in the first quarter. Adage Capital Partners GP L.L.C. now owns 1,491,606 shares of the company's stock valued at $126,861,000 after purchasing an additional 260,470 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Liberty Broadband by 4.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,019,711 shares of the company's stock valued at $86,726,000 after purchasing an additional 47,167 shares during the last quarter. Finally, Royal Bank of Canada increased its holdings in shares of Liberty Broadband by 33.2% in the fourth quarter. Royal Bank of Canada now owns 908,860 shares of the company's stock valued at $67,946,000 after purchasing an additional 226,360 shares during the last quarter. 80.22% of the stock is currently owned by institutional investors and hedge funds.

Liberty Broadband Stock Performance

Shares of LBRDK stock traded down $0.24 on Friday, hitting $60.55. The company's stock had a trading volume of 1,022,839 shares, compared to its average volume of 1,039,641. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60. The stock's 50 day moving average is $69.91 and its 200-day moving average is $81.96. Liberty Broadband Corporation has a fifty-two week low of $57.75 and a fifty-two week high of $104.00. The company has a market capitalization of $8.69 billion, a PE ratio of 7.99 and a beta of 0.97.

Analyst Upgrades and Downgrades

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

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.