Liberty Broadband Corporation $LBRDK Shares Purchased by Grantham Mayo Van Otterloo & Co. LLC

Key Points

• Grantham Mayo Van Otterloo & Co. LLC increased its stake in Liberty Broadband by 65.0% in Q3 to 633,246 shares (an added 249,411 shares), holding about 0.44% of the company worth $40,236,000.
• Analyst sentiment is negative — Liberty Broadband has an average rating of Sell, with Wall Street Zen and Weiss Ratings issuing sell calls.
• Insider activity: director J. David Wargo sold 44,450 shares on Feb. 10 for about $2.55 million (a ~69.9% reduction in his position); insiders still own 10.8% of the stock while institutional investors own 80.22%.

Grantham Mayo Van Otterloo & Co. LLC raised its holdings in shares of Liberty Broadband Corporation (NASDAQ:LBRDK - Free Report) by 65.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 633,246 shares of the company's stock after acquiring an additional 249,411 shares during the period. Grantham Mayo Van Otterloo & Co. LLC owned approximately 0.44% of Liberty Broadband worth $40,236,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in LBRDK. AQR Capital Management LLC raised its stake in shares of Liberty Broadband by 3.7% during the first quarter. AQR Capital Management LLC now owns 20,132 shares of the company's stock valued at $1,707,000 after purchasing an additional 717 shares in the last quarter. Integrated Wealth Concepts LLC lifted its holdings in Liberty Broadband by 4.4% in the first quarter. Integrated Wealth Concepts LLC now owns 4,092 shares of the company's stock worth $348,000 after purchasing an additional 174 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Liberty Broadband by 38.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,773 shares of the company's stock valued at $2,617,000 after buying an additional 8,521 shares in the last quarter. Jones Financial Companies Lllp grew its position in Liberty Broadband by 503.1% in the 1st quarter. Jones Financial Companies Lllp now owns 2,943 shares of the company's stock valued at $250,000 after buying an additional 2,455 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Liberty Broadband by 94.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 778,238 shares of the company's stock valued at $66,189,000 after buying an additional 377,602 shares during the period. Institutional investors and hedge funds own 80.22% of the company's stock.

Analysts Set New Price Targets

LBRDK has been the subject of a number of research analyst reports. Wall Street Zen lowered shares of Liberty Broadband from a "hold" rating to a "sell" rating in a research note on Saturday, November 8th. Weiss Ratings reiterated a "sell (d)" rating on shares of Liberty Broadband in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of "Sell".

Liberty Broadband Trading Up 0.8%

Shares of LBRDK stock opened at $54.12 on Friday. The stock has a 50-day simple moving average of $50.20 and a 200 day simple moving average of $53.30. The stock has a market capitalization of $7.77 billion, a P/E ratio of -2.89 and a beta of 0.95. Liberty Broadband Corporation has a fifty-two week low of $42.10 and a fifty-two week high of $104.00. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.14.

Insider Buying and Selling at Liberty Broadband

In other news, Director J David Wargo sold 44,450 shares of Liberty Broadband stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $57.30, for a total value of $2,546,985.00. Following the transaction, the director owned 19,150 shares of the company's stock, valued at $1,097,295. The trade was a 69.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 10.80% of the company's stock.

About Liberty Broadband

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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