UBS Group AG Cuts Holdings in Liberty Broadband Co. (NASDAQ:LBRDK)

Posted by on Feb 24th, 2023

UBS Group AG lowered its position in Liberty Broadband Co. (NASDAQ:LBRDK – Get Rating) by 36.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 137,567 shares of the company’s stock after selling 77,587 shares during the period. UBS Group AG owned approximately 0.09% of Liberty Broadband worth $10,152,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of LBRDK. Goldman Sachs Group Inc. grew its holdings in Liberty Broadband by 49.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 2,645,933 shares of the company’s stock valued at $305,975,000 after buying an additional 881,341 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in Liberty Broadband by 88.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,696,237 shares of the company’s stock valued at $125,182,000 after buying an additional 796,293 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Liberty Broadband by 13.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,505,165 shares of the company’s stock valued at $752,258,000 after buying an additional 776,566 shares during the last quarter. Southeastern Asset Management Inc. TN grew its holdings in Liberty Broadband by 43.0% during the 2nd quarter. Southeastern Asset Management Inc. TN now owns 1,452,605 shares of the company’s stock valued at $167,979,000 after buying an additional 436,657 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC grew its holdings in Liberty Broadband by 44.7% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 1,211,979 shares of the company’s stock valued at $89,444,000 after buying an additional 374,203 shares during the last quarter. Institutional investors and hedge funds own 76.81% of the company’s stock.

Liberty Broadband Trading Up 0.1 %

Shares of LBRDK opened at $89.96 on Friday. The company has a current ratio of 0.39, a quick ratio of 2.02 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $13.34 billion, a P/E ratio of 11.32 and a beta of 1.15. The stock’s fifty day simple moving average is $85.92 and its 200 day simple moving average is $88.66. Liberty Broadband Co. has a twelve month low of $68.67 and a twelve month high of $148.36.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on LBRDK. Morgan Stanley raised their price objective on Liberty Broadband from $89.00 to $93.00 and gave the stock an “equal weight” rating in a report on Monday, November 7th. StockNews.com cut Liberty Broadband from a “hold” rating to a “sell” rating in a report on Friday, November 18th. TD Securities decreased their price objective on Liberty Broadband from $175.00 to $160.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, Citigroup raised their price objective on Liberty Broadband from $99.00 to $111.00 and gave the stock a “buy” rating in a report on Tuesday, January 31st. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $149.20.

Liberty Broadband Profile

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Liberty Broadband Corp. operates as a holding company, which engages in the cable, broadband and mobile location technology businesses. It operates through its subsidiaries, Charter Communications, Inc and TruePosition, Inc The company was founded on March 28, 1991, and is headquartered in Englewood, CO.

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Institutional Ownership by Quarter for Liberty Broadband (NASDAQ:LBRDK)

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