Empowered Funds LLC Buys New Position in Liberty Broadband Co. (NASDAQ:LBRDK)

Empowered Funds LLC acquired a new stake in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 5,674 shares of the company's stock, valued at approximately $424,000.

A number of other hedge funds have also added to or reduced their stakes in LBRDK. Choreo LLC purchased a new position in shares of Liberty Broadband during the 4th quarter worth approximately $210,000. LB Partners LLC grew its stake in Liberty Broadband by 56.2% in the fourth quarter. LB Partners LLC now owns 78,075 shares of the company's stock worth $5,837,000 after purchasing an additional 28,075 shares during the period. Western Pacific Wealth Management LP raised its holdings in Liberty Broadband by 50.5% in the fourth quarter. Western Pacific Wealth Management LP now owns 4,115 shares of the company's stock worth $308,000 after purchasing an additional 1,380 shares in the last quarter. R Squared Ltd bought a new position in Liberty Broadband in the fourth quarter worth $37,000. Finally, Nilsine Partners LLC lifted its position in Liberty Broadband by 234.8% during the fourth quarter. Nilsine Partners LLC now owns 9,870 shares of the company's stock valued at $738,000 after buying an additional 6,922 shares during the period. 80.22% of the stock is owned by hedge funds and other institutional investors.

Liberty Broadband Stock Down 0.2 %

Liberty Broadband stock traded down $0.16 during trading hours on Friday, hitting $81.36. The stock had a trading volume of 476,517 shares, compared to its average volume of 714,890. Liberty Broadband Co. has a 12-month low of $46.46 and a 12-month high of $101.50. The stock has a market capitalization of $11.62 billion, a P/E ratio of 14.98 and a beta of 1.04. The stock's 50-day moving average price is $77.73 and its 200-day moving average price is $76.46. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40.

Insider Buying and Selling at Liberty Broadband

In related news, CEO Gregory B. Maffei sold 71,500 shares of the firm's stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $82.00, for a total value of $5,863,000.00. Following the sale, the chief executive officer now owns 2,827,013 shares in the company, valued at approximately $231,815,066. This trade represents a 2.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 10.80% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Liberty Broadband in a research note on Monday, February 17th. They issued a "sell" rating for the company.

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.