M&T Bank Corp Has $12.42 Million Stock Holdings in Liberty Broadband Corporation $LBRDK

Key Points

• M&T Bank Corp boosted its stake in Liberty Broadband by 4,476.6% in Q4 to 234,824 shares, worth about $12.42 million, representing roughly 0.16% of the company.
• Liberty Broadband has a market capitalization of about $8.10 billion and a negative P/E (-3.02), with a 12‑month price range of $42.10–$104.00 and 50/200-day averages near $52.60/$51.12; the stock carries an average analyst rating of Sell (Weiss Ratings reiterated a "sell (d)").
• Institutional investors own 80.22% of the stock while corporate insiders hold 10.8%, and Director J. David Wargo disclosed selling 2,232 shares (an 82.57% reduction in his position).

M&T Bank Corp lifted its stake in shares of Liberty Broadband Corporation (NASDAQ:LBRDK - Free Report) by 4,476.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 234,824 shares of the company's stock after buying an additional 229,693 shares during the quarter. M&T Bank Corp owned about 0.16% of Liberty Broadband worth $12,421,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. eCIO Inc. acquired a new stake in shares of Liberty Broadband during the 4th quarter worth about $30,000. Johnson Financial Group Inc. acquired a new stake in shares of Liberty Broadband during the 3rd quarter worth about $42,000. Mather Group LLC. acquired a new stake in shares of Liberty Broadband during the 3rd quarter worth about $47,000. EverSource Wealth Advisors LLC lifted its stake in shares of Liberty Broadband by 59.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 733 shares of the company's stock worth $72,000 after buying an additional 273 shares during the last quarter. Finally, Danske Bank A S acquired a new stake in shares of Liberty Broadband during the 3rd quarter worth about $51,000. Institutional investors and hedge funds own 80.22% of the company's stock.

Liberty Broadband Price Performance

Shares of Liberty Broadband stock opened at $56.47 on Friday. 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 capitalization of $8.10 billion, a price-to-earnings ratio of -3.02 and a beta of 0.96. Liberty Broadband Corporation has a twelve month low of $42.10 and a twelve month high of $104.00. The company has a 50-day simple moving average of $52.60 and a two-hundred day simple moving average of $51.12.

Analyst Ratings Changes

Separately, Weiss Ratings restated a "sell (d)" rating on shares of Liberty Broadband in a research note on Friday, March 27th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of "Sell".

Insider Transactions at Liberty Broadband

In other Liberty Broadband news, Director J David Wargo sold 2,232 shares of the business's stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $57.61, for a total value of $128,585.52. Following the completion of the sale, the director owned 471 shares of the company's stock, valued at $27,134.31. The trade was a 82.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 10.80% of the stock is owned by corporate insiders.

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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