Liberty Broadband Co. (NASDAQ:LBRDK) Shares Purchased by Wolverine Asset Management LLC

Wolverine Asset Management LLC boosted its position in Liberty Broadband Co. (NASDAQ:LBRDK) by 458.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,499 shares of the company’s stock after purchasing an additional 7,799 shares during the quarter. Wolverine Asset Management LLC’s holdings in Liberty Broadband were worth $710,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company increased its stake in shares of Liberty Broadband by 0.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 27,186 shares of the company’s stock valued at $2,101,000 after acquiring an additional 125 shares during the last quarter. Capital Advisors Ltd. LLC increased its stake in shares of Liberty Broadband by 75.8% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 443 shares of the company’s stock valued at $34,000 after acquiring an additional 191 shares during the last quarter. CIBC Asset Management Inc increased its stake in shares of Liberty Broadband by 5.6% during the 4th quarter. CIBC Asset Management Inc now owns 3,757 shares of the company’s stock valued at $281,000 after acquiring an additional 199 shares during the last quarter. Handelsbanken Fonder AB increased its stake in shares of Liberty Broadband by 0.6% during the 4th quarter. Handelsbanken Fonder AB now owns 33,300 shares of the company’s stock valued at $2,490,000 after acquiring an additional 200 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in shares of Liberty Broadband by 134.3% during the 4th quarter. Blue Trust Inc. now owns 464 shares of the company’s stock valued at $36,000 after acquiring an additional 266 shares during the last quarter. Institutional investors and hedge funds own 80.22% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Liberty Broadband in a research note on Monday, February 17th. They set a “sell” rating for the company.

Insiders Place Their Bets

In other Liberty Broadband news, CEO Gregory B. Maffei sold 125,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $79.74, for a total value of $9,967,500.00. Following the completion of the transaction, the chief executive officer now owns 1,435,256 shares in the company, valued at $114,447,313.44. This represents a 8.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 10.80% of the stock is owned by company insiders.

Liberty Broadband Stock Down 0.2 %

Shares of NASDAQ:LBRDK opened at $81.36 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. Liberty Broadband Co. has a 1 year low of $46.46 and a 1 year 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 has a 50-day simple moving average of $77.73 and a 200-day simple moving average of $76.46.

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.