S&CO Inc. Takes $2.13 Million Position in Liberty Broadband Corporation $LBRDA

Key Points

• S&CO Inc. acquired 64,144 shares of Liberty Broadband in the second quarter, valued at approximately $2.13 million. Other institutional investors also adjusted their positions, while institutions collectively own 10.29% of the stock.
• Liberty Broadband has a consensus “Sell” rating; Weiss Ratings recently downgraded the stock from “sell (d)” to “sell (d-).”
• The stock opened at $36.30, versus a 12-month range of $26.14 to $65.40, and the company reported quarterly EPS of $1.41. Liberty Broadband primarily derives value from its significant equity interest in Charter Communications and its investment in GCI Liberty.

S&CO Inc. purchased a new stake in Liberty Broadband Corporation (NASDAQ:LBRDA - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 64,144 shares of the company's stock, valued at approximately $2,134,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. AQR Capital Management LLC increased its stake in Liberty Broadband by 35.0% during the first quarter. AQR Capital Management LLC now owns 16,572 shares of the company's stock worth $1,409,000 after acquiring an additional 4,298 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Liberty Broadband by 1.2% during the first quarter. Goldman Sachs Group Inc. now owns 25,897 shares of the company's stock valued at $2,201,000 after purchasing an additional 319 shares during the period. Empowered Funds LLC bought a new stake in shares of Liberty Broadband in the 1st quarter valued at approximately $304,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Liberty Broadband by 4.4% in the 1st 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, Franklin Resources Inc. boosted its holdings in shares of Liberty Broadband by 66.2% in the 2nd quarter. Franklin Resources Inc. now owns 615 shares of the company's stock worth $60,000 after purchasing an additional 245 shares during the period. Hedge funds and other institutional investors own 10.29% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded Liberty Broadband from a "sell (d)" rating to a "sell (d-)" rating in a research report on Monday, August 3rd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of "Sell".

Liberty Broadband Price Performance

Liberty Broadband stock opened at $36.30 on Friday. The firm has a 50-day moving average price of $32.42 and a 200-day moving average price of $41.68. The firm has a market capitalization of $5.21 billion, a PE ratio of -5.19 and a beta of 0.64. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.10. 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 released its quarterly earnings results on Tuesday, April 28th. The company reported $1.41 EPS for the quarter.

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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