Entropy Technologies LP Buys New Stake in Liberty Broadband Co. (NASDAQ:LBRDK)

Entropy Technologies LP bought a new stake in Liberty Broadband Co. (NASDAQ:LBRDK) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 4,671 shares of the company’s stock, valued at approximately $349,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Groupama Asset Managment purchased a new position in Liberty Broadband in the third quarter valued at about $25,000. Quarry LP acquired a new position in Liberty Broadband in the third quarter worth about $28,000. GAMMA Investing LLC grew its stake in Liberty Broadband by 200.7% in the third quarter. GAMMA Investing LLC now owns 424 shares of the company’s stock worth $33,000 after purchasing an additional 283 shares in the last quarter. Capital Advisors Ltd. LLC grew its stake in Liberty Broadband by 75.8% in the third quarter. Capital Advisors Ltd. LLC now owns 443 shares of the company’s stock worth $34,000 after purchasing an additional 191 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in Liberty Broadband by 134.3% in the fourth quarter. Blue Trust Inc. now owns 464 shares of the company’s stock worth $36,000 after purchasing an additional 266 shares in the last quarter. Hedge funds and other institutional investors own 80.22% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Liberty Broadband in a research note on Sunday. They issued a “sell” rating for the company.

Insider Activity

In other Liberty Broadband news, CEO Gregory B. Maffei sold 125,000 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now owns 1,435,256 shares of the company’s stock, valued at approximately $114,447,313.44. This represents a 8.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last 90 days, insiders have sold 196,542 shares of company stock valued at $15,834,108. Insiders own 10.80% of the company’s stock.

Liberty Broadband Stock Performance

LBRDK opened at $79.46 on Thursday. The business’s 50 day moving average is $78.06 and its 200-day moving average is $75.77. The stock has a market cap of $11.35 billion, a PE ratio of 14.63 and a beta of 1.04. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40. Liberty Broadband Co. has a twelve month low of $46.46 and a twelve month high of $101.50.

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.