UBS Group AG Increases Stake in Liberty Broadband Corporation $LBRDK

Key Points

• UBS increased its stake in Liberty Broadband by 301.3% in Q4, buying an additional 1,130,044 shares to hold 1,505,070 shares (about a 1.05% stake) valued at roughly $73.15 million.
• Other institutions also boosted positions—most notably Goldman Sachs, which added 377,602 shares to reach 778,238 shares (~$66.19 million); institutional investors now own about 80.22% of the company.
• Liberty Broadband has a market cap of $5.75 billion, a negative P/E (-2.09), a 12-month range of $36.60–$104.00, a recent share price near $40, and a consensus analyst rating of "Sell"; insider director J. David Wargo sold 44,450 shares (a 69.9% reduction) earlier in the year.

UBS Group AG grew its holdings in shares of Liberty Broadband Corporation (NASDAQ:LBRDK - Free Report) by 301.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,505,070 shares of the company's stock after purchasing an additional 1,130,044 shares during the quarter. UBS Group AG owned about 1.05% of Liberty Broadband worth $73,146,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of LBRDK. AQR Capital Management LLC lifted its holdings in Liberty Broadband by 3.7% during the 1st quarter. AQR Capital Management LLC now owns 20,132 shares of the company's stock worth $1,707,000 after purchasing an additional 717 shares in the last quarter. Integrated Wealth Concepts LLC grew its holdings in Liberty Broadband by 4.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 4,092 shares of the company's stock valued at $348,000 after buying an additional 174 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Liberty Broadband by 38.3% during 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 increased its position in shares of Liberty Broadband by 503.1% during the first 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 during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Liberty Broadband by 94.3% in the first quarter. Goldman Sachs Group Inc. now owns 778,238 shares of the company's stock worth $66,189,000 after buying an additional 377,602 shares in the last quarter. Hedge funds and other institutional investors own 80.22% of the company's stock.

Liberty Broadband Price Performance

Shares of NASDAQ LBRDK opened at $40.10 on Monday. The firm has a market capitalization of $5.75 billion, a P/E ratio of -2.09 and a beta of 0.70. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.27. The stock's 50-day simple moving average is $51.05 and its two-hundred day simple moving average is $50.17. Liberty Broadband Corporation has a twelve month low of $36.60 and a twelve month high of $104.00.

Insider Activity at Liberty Broadband

In other news, Director J David Wargo sold 44,450 shares of the business's stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $57.30, for a total transaction of $2,546,985.00. Following the completion of the transaction, the director owned 19,150 shares of the company's stock, valued at approximately $1,097,295. The trade was a 69.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 10.80% of the company's stock.

Wall Street Analysts Forecast Growth

LBRDK has been the subject of a number of analyst reports. Wall Street Zen upgraded shares of Liberty Broadband from a "strong sell" rating to a "sell" rating in a research report on Saturday. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Liberty Broadband in a report on Friday, March 27th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Sell".

Liberty Broadband Company 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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