Entropy Technologies LP Purchases New Holdings in Liberty Broadband Co. (NASDAQ:LBRDK)

Entropy Technologies LP bought a new position in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,671 shares of the company's stock, valued at approximately $349,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company grew its position in Liberty Broadband by 0.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 27,186 shares of the company's stock worth $2,101,000 after purchasing an additional 125 shares during the last quarter. Capital Advisors Ltd. LLC boosted its holdings in shares of Liberty Broadband by 75.8% in the third quarter. Capital Advisors Ltd. LLC now owns 443 shares of the company's stock valued at $34,000 after acquiring an additional 191 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of Liberty Broadband by 134.3% in the fourth quarter. Blue Trust Inc. now owns 464 shares of the company's stock valued at $36,000 after acquiring an additional 266 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Liberty Broadband by 200.7% in the third quarter. GAMMA Investing LLC now owns 424 shares of the company's stock valued at $33,000 after acquiring an additional 283 shares in the last quarter. Finally, Groupama Asset Managment bought a new position in shares of Liberty Broadband in the third quarter valued at approximately $25,000. Institutional investors own 80.22% of the company's stock.

Insider Activity at Liberty Broadband

In related news, CEO Gregory B. Maffei sold 125,000 shares of the stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $79.74, for a total transaction of $9,967,500.00. Following the completion of the sale, the chief executive officer now directly owns 1,435,256 shares of the company's stock, valued at $114,447,313.44. This represents a 8.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 196,542 shares of company stock valued at $15,834,108 over the last ninety days. Insiders own 10.80% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Liberty Broadband in a report on Sunday, February 9th. They issued a "sell" rating for the company.

Liberty Broadband Price Performance

Shares of Liberty Broadband stock traded up $0.52 on Friday, hitting $81.58. The company had a trading volume of 318,730 shares, compared to its average volume of 830,517. The business has a 50-day simple moving average of $77.71 and a 200-day simple moving average of $75.99. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07. The company has a market cap of $11.65 billion, a PE ratio of 15.02 and a beta of 1.04. Liberty Broadband Co. has a 52 week low of $46.46 and a 52 week high of $101.50.

About Liberty Broadband

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.