Sculptor Capital LP Has $21.86 Million Holdings in Liberty Broadband Corporation $LBRDK

Key Points

• Sculptor Capital LP reduced its holdings in Liberty Broadband Corporation by 14.9% in the first quarter, owning about 257,000 shares after selling 45,000 shares.
• Other institutional investors, including SouthState Corp and Vestor Capital LLC, also made modifications, with SouthState purchasing a new stake worth $25,000.
• Liberty Broadband’s stock is currently trading at $60.86 with a market cap of $8.73 billion and a P/E ratio of 8.03.

Sculptor Capital LP decreased its position in shares of Liberty Broadband Corporation (NASDAQ:LBRDK - Free Report) by 14.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 257,000 shares of the company's stock after selling 45,000 shares during the quarter. Sculptor Capital LP owned about 0.18% of Liberty Broadband worth $21,858,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Baird Financial Group Inc. boosted its holdings in shares of Liberty Broadband by 1.3% during the first quarter. Baird Financial Group Inc. now owns 27,506 shares of the company's stock valued at $2,339,000 after acquiring an additional 343 shares during the period. Evergreen Capital Management LLC boosted its holdings in shares of Liberty Broadband by 6.9% during the first quarter. Evergreen Capital Management LLC now owns 9,134 shares of the company's stock valued at $777,000 after acquiring an additional 593 shares during the period. Magnetar Financial LLC boosted its holdings in shares of Liberty Broadband by 12.3% during the first quarter. Magnetar Financial LLC now owns 704,444 shares of the company's stock valued at $59,913,000 after acquiring an additional 77,025 shares during the period. Jane Street Group LLC boosted its holdings in shares of Liberty Broadband by 283.7% during the first quarter. Jane Street Group LLC now owns 396,532 shares of the company's stock valued at $33,725,000 after acquiring an additional 293,176 shares during the period. Finally, Comerica Bank boosted its holdings in shares of Liberty Broadband by 13.1% during the first quarter. Comerica Bank now owns 25,666 shares of the company's stock valued at $2,183,000 after acquiring an additional 2,972 shares during the period. Institutional investors and hedge funds own 80.22% of the company's stock.

Liberty Broadband Price Performance

NASDAQ LBRDK traded down $0.71 on Wednesday, reaching $59.95. The company's stock had a trading volume of 1,242,252 shares, compared to its average volume of 1,230,993. Liberty Broadband Corporation has a twelve month low of $57.91 and a twelve month high of $104.00. 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 has a market cap of $8.60 billion, a PE ratio of 7.91 and a beta of 0.97. The firm's 50 day moving average is $75.94 and its two-hundred day moving average is $83.13.

Wall Street Analysts Forecast Growth

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

Liberty Broadband Company Profile

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.