Choreo LLC Invests $210,000 in Liberty Broadband Co. (NASDAQ:LBRDK)

Choreo LLC purchased a new stake in shares of Liberty Broadband Co. (NASDAQ:LBRDK) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 2,812 shares of the company’s stock, valued at approximately $210,000.

A number of other hedge funds and other institutional investors have also modified their holdings of LBRDK. Groupama Asset Managment acquired a new position in Liberty Broadband during the third quarter worth about $25,000. Quarry LP purchased a new stake in shares of Liberty Broadband in the third quarter valued at $28,000. GAMMA Investing LLC grew its holdings in shares of Liberty Broadband by 200.7% during the third quarter. GAMMA Investing LLC now owns 424 shares of the company’s stock valued at $33,000 after buying an additional 283 shares in the last quarter. Capital Advisors Ltd. LLC raised its position in Liberty Broadband by 75.8% during the third quarter. Capital Advisors Ltd. LLC now owns 443 shares of the company’s stock valued at $34,000 after buying an additional 191 shares during the period. Finally, Blue Trust Inc. grew its stake in 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 in the last quarter. 80.22% of the stock is currently owned by institutional investors.

Liberty Broadband Price Performance

Shares of NASDAQ:LBRDK opened at $81.58 on Friday. The business has a 50-day moving average of $77.71 and a two-hundred day moving average of $75.93. Liberty Broadband Co. has a fifty-two week low of $46.46 and a fifty-two week high of $101.50. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07. The stock has a market capitalization of $11.65 billion, a P/E ratio of 15.02 and a beta of 1.04.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Liberty Broadband in a research report on Sunday, February 9th. 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 stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $79.74, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 196,542 shares of company stock valued at $15,834,108 over the last 90 days. 10.80% of the stock is currently owned by company insiders.

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.