Liberty Broadband Co. (NASDAQ:LBRDK) Shares Sold by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC decreased its stake in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 13.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 6,010 shares of the company’s stock after selling 940 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Liberty Broadband were worth $484,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC boosted its position in shares of Liberty Broadband by 315.0% in the third quarter. Barclays PLC now owns 2,675,919 shares of the company’s stock worth $244,364,000 after buying an additional 2,031,168 shares during the period. UBS Group AG grew its position in shares of Liberty Broadband by 21.7% during the 3rd quarter. UBS Group AG now owns 8,626,349 shares of the company’s stock valued at $787,758,000 after buying an additional 1,536,718 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in Liberty Broadband by 179.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,334,499 shares of the company’s stock worth $107,547,000 after acquiring an additional 857,187 shares during the last quarter. Aristeia Capital LLC increased its holdings in shares of Liberty Broadband by 6.0% in the 3rd quarter. Aristeia Capital LLC now owns 6,435,596 shares of the company’s stock worth $587,699,000 after acquiring an additional 363,554 shares during the period. Finally, CQS US LLC raised its stake in Liberty Broadband by 52.2% during the 3rd quarter. CQS US LLC now owns 573,265 shares of the company’s stock valued at $52,351,000 after acquiring an additional 196,525 shares in the last quarter. Institutional investors and hedge funds own 80.22% of the company’s stock.

Insider Buying and Selling

In other news, Director J David Wargo sold 9,000 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $56.80, for a total transaction of $511,200.00. Following the completion of the transaction, the director now directly owns 97,332 shares in the company, valued at approximately $5,528,457.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. In the last quarter, insiders have sold 45,000 shares of company stock valued at $2,435,830. 10.80% of the stock is owned by company insiders.

Liberty Broadband Stock Performance

Shares of Liberty Broadband stock opened at $51.36 on Friday. The firm has a 50 day simple moving average of $52.49 and a 200 day simple moving average of $66.03. Liberty Broadband Co. has a fifty-two week low of $46.46 and a fifty-two week high of $95.68. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.81 and a quick ratio of 1.81. The firm has a market cap of $7.34 billion, a P/E ratio of 8.72 and a beta of 0.97.

Analyst Ratings Changes

Separately, Citigroup dropped their price target on shares of Liberty Broadband from $108.00 to $83.00 and set a “buy” rating on the stock in a research report on Wednesday, February 7th.

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.