Y Intercept Hong Kong Ltd Acquires Shares of 36,118 Liberty Broadband Co. (NASDAQ:LBRDK)

Y Intercept Hong Kong Ltd acquired a new stake in Liberty Broadband Co. (NASDAQ:LBRDK) during the fourth quarter, Holdings Channel.com reports. The firm acquired 36,118 shares of the company’s stock, valued at approximately $2,700,000.

Other institutional investors have also modified their holdings of the company. The Manufacturers Life Insurance Company boosted its holdings in Liberty Broadband by 0.5% in the third quarter. The Manufacturers Life Insurance Company now owns 27,186 shares of the company’s stock valued at $2,101,000 after purchasing an additional 125 shares in the last quarter. Capital Advisors Ltd. LLC lifted its position 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 worth $34,000 after buying an additional 191 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in shares of Liberty Broadband by 5.6% in the 4th quarter. CIBC Asset Management Inc now owns 3,757 shares of the company’s stock valued at $281,000 after buying an additional 199 shares in the last quarter. Handelsbanken Fonder AB grew its position in shares of Liberty Broadband by 0.6% in the 4th quarter. Handelsbanken Fonder AB now owns 33,300 shares of the company’s stock valued at $2,490,000 after buying an additional 200 shares during the last quarter. Finally, Wealthspire Advisors LLC raised its stake in Liberty Broadband by 5.7% during the 4th quarter. Wealthspire Advisors LLC now owns 4,543 shares of the company’s stock worth $340,000 after acquiring an additional 244 shares in the last quarter. 80.22% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Liberty Broadband in a research note on Tuesday. They issued a “sell” rating for the company.

Liberty Broadband Trading Up 1.2 %

LBRDK opened at $82.36 on Tuesday. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. Liberty Broadband Co. has a 52 week low of $46.46 and a 52 week high of $101.50. The business’s 50 day moving average is $77.74 and its two-hundred day moving average is $76.75. The firm has a market cap of $11.76 billion, a price-to-earnings ratio of 15.17 and a beta of 1.04.

Insider Transactions at Liberty Broadband

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 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 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.

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.