ABC Arbitrage SA Takes Position in Liberty Broadband Co. (NASDAQ:LBRDK)

ABC Arbitrage SA acquired a new stake in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 7,537 shares of the company's stock, valued at approximately $563,000.

A number of other hedge funds have also added to or reduced their stakes in LBRDK. Assenagon Asset Management S.A. raised its holdings in Liberty Broadband by 107.5% in the third quarter. Assenagon Asset Management S.A. now owns 2,899,318 shares of the company's stock worth $224,088,000 after purchasing an additional 1,502,249 shares in the last quarter. Barclays PLC lifted its position in Liberty Broadband by 6.4% during the third quarter. Barclays PLC now owns 6,899,331 shares of the company's stock valued at $533,251,000 after acquiring an additional 415,496 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Liberty Broadband by 63.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 940,168 shares of the company's stock worth $72,666,000 after purchasing an additional 366,614 shares during the last quarter. FMR LLC lifted its holdings in shares of Liberty Broadband by 104.4% during the 3rd quarter. FMR LLC now owns 563,964 shares of the company's stock valued at $43,589,000 after purchasing an additional 288,078 shares during the last quarter. Finally, Isomer Partners LP acquired a new stake in shares of Liberty Broadband in the 3rd quarter worth $20,095,000. 80.22% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Liberty Broadband in a research report on Monday. They issued a "sell" rating for the company.

Insider Transactions at Liberty Broadband

In related news, CEO Gregory B. Maffei sold 125,000 shares of the business's stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $79.74, for a total value of $9,967,500.00. Following the sale, the chief executive officer now directly owns 1,435,256 shares in the company, valued at approximately $114,447,313.44. The trade was a 8.01 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 196,542 shares of company stock worth $15,834,108 in the last quarter. Company insiders own 10.80% of the company's stock.

Liberty Broadband Price Performance

Shares of LBRDK stock traded down $0.26 during mid-day trading on Wednesday, hitting $81.34. 545,513 shares of the stock were exchanged, compared to its average volume of 816,938. The company has a market cap of $11.62 billion, a PE ratio of 14.98 and a beta of 1.04. The firm has a fifty day moving average of $77.79 and a 200 day moving average of $76.27. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. Liberty Broadband Co. has a 52-week low of $46.46 and a 52-week high of $101.50.

Liberty Broadband 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.