Handelsbanken Fonder AB Increases Stake in Liberty Broadband Co. (NASDAQ:LBRDK)

Handelsbanken Fonder AB boosted its stake in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 0.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 33,300 shares of the company’s stock after purchasing an additional 200 shares during the period. Handelsbanken Fonder AB’s holdings in Liberty Broadband were worth $2,490,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of LBRDK. Groupama Asset Managment acquired a new position in shares of Liberty Broadband in the third quarter valued at about $25,000. Quarry LP purchased a new stake in Liberty Broadband in the third quarter valued at approximately $28,000. Capital Advisors Ltd. LLC increased its holdings in Liberty Broadband by 75.8% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 443 shares of the company’s stock worth $34,000 after buying an additional 191 shares during the period. Blue Trust Inc. raised its position in Liberty Broadband by 134.3% during the 4th quarter. Blue Trust Inc. now owns 464 shares of the company’s stock worth $36,000 after buying an additional 266 shares during the last quarter. Finally, R Squared Ltd purchased a new stake in shares of Liberty Broadband in the 4th quarter valued at $37,000. Institutional investors and hedge funds own 80.22% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Liberty Broadband in a report on Tuesday. They set a “sell” rating for the company.

Liberty Broadband Stock Up 1.2 %

Liberty Broadband stock opened at $82.36 on Tuesday. The business’s 50-day moving average price is $77.74 and its 200 day moving average price is $76.75. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. The firm has a market cap of $11.76 billion, a price-to-earnings ratio of 15.17 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.

Insiders Place Their Bets

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

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.