Quantinno Capital Management LP Acquires 37,519 Shares of Liberty Broadband Corporation $LBRDA

Key Points

• Quantinno Capital Management increased its Liberty Broadband stake by 47.8% in the first quarter, buying 37,519 additional shares for a total of 116,012 shares valued at approximately $5.83 million.
• Several institutional investors also expanded their positions, including Vanguard, UBS, Virtu Financial and Verition Fund Management. Institutional investors collectively own 10.29% of Liberty Broadband.
• Analyst sentiment remains negative: Weiss Ratings downgraded the stock to “sell (d-),” while MarketBeat reports a consensus “Sell” rating. LBRDA recently opened at $37.09, versus a 12-month range of $26.14 to $65.40.

Quantinno Capital Management LP increased its holdings in shares of Liberty Broadband Corporation (NASDAQ:LBRDA - Free Report) by 47.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 116,012 shares of the company's stock after buying an additional 37,519 shares during the period. Quantinno Capital Management LP owned about 0.08% of Liberty Broadband worth $5,826,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in shares of Liberty Broadband during the first quarter valued at $6,278,000. Vanguard Group Inc. grew its stake in shares of Liberty Broadband by 5.7% in the fourth quarter. Vanguard Group Inc. now owns 1,679,806 shares of the company's stock worth $81,101,000 after purchasing an additional 91,276 shares during the last quarter. UBS Group AG grew its stake in shares of Liberty Broadband by 390.6% in the fourth quarter. UBS Group AG now owns 222,860 shares of the company's stock worth $10,760,000 after purchasing an additional 177,431 shares during the last quarter. Virtu Financial LLC increased its holdings in Liberty Broadband by 234.5% in the fourth quarter. Virtu Financial LLC now owns 42,920 shares of the company's stock valued at $2,072,000 after purchasing an additional 30,088 shares during the period. Finally, Verition Fund Management LLC increased its holdings in Liberty Broadband by 37.9% in the fourth quarter. Verition Fund Management LLC now owns 404,192 shares of the company's stock valued at $19,514,000 after purchasing an additional 111,105 shares during the period. 10.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered Liberty Broadband from a "sell (d)" rating to a "sell (d-)" rating in a research report on Monday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of "Sell".

Liberty Broadband Stock Performance

Shares of LBRDA opened at $37.09 on Friday. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $5.32 billion, a P/E ratio of -5.31 and a beta of 0.64. The firm's fifty day simple moving average is $31.89 and its two-hundred day simple moving average is $41.99. Liberty Broadband Corporation has a 12 month low of $26.14 and a 12 month high of $65.40.

Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $1.41 earnings per share for the quarter.

Liberty Broadband Profile

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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