Wolverine Asset Management LLC Grows Holdings in Liberty Broadband Co. (NASDAQ:LBRDK)

Wolverine Asset Management LLC grew its holdings in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 458.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,499 shares of the company’s stock after buying an additional 7,799 shares during the quarter. Wolverine Asset Management LLC’s holdings in Liberty Broadband were worth $710,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. ING Groep NV raised its position in shares of Liberty Broadband by 389.7% during the 4th quarter. ING Groep NV now owns 71,500 shares of the company’s stock valued at $5,345,000 after acquiring an additional 56,900 shares in the last quarter. Handelsbanken Fonder AB raised its position in shares of Liberty Broadband by 0.6% during the 4th quarter. Handelsbanken Fonder AB now owns 33,300 shares of the company’s stock valued at $2,490,000 after acquiring an additional 200 shares in the last quarter. Alberta Investment Management Corp raised its position in shares of Liberty Broadband by 116.3% during the 4th quarter. Alberta Investment Management Corp now owns 340,100 shares of the company’s stock valued at $25,426,000 after acquiring an additional 182,900 shares in the last quarter. D.A. Davidson & CO. raised its position in shares of Liberty Broadband by 8.7% during the 4th quarter. D.A. Davidson & CO. now owns 10,401 shares of the company’s stock valued at $778,000 after acquiring an additional 830 shares in the last quarter. Finally, CIBC Asset Management Inc raised its position in shares of Liberty Broadband by 5.6% during the 4th quarter. CIBC Asset Management Inc now owns 3,757 shares of the company’s stock valued at $281,000 after acquiring an additional 199 shares in the last quarter. 80.22% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Gregory B. Maffei sold 71,500 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $82.00, for a total value of $5,863,000.00. Following the completion of the transaction, the chief executive officer now owns 2,827,013 shares of the company’s stock, valued at approximately $231,815,066. This represents a 2.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 10.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Liberty Broadband in a research report on Monday, February 17th. They set a “sell” rating on the stock.

Liberty Broadband Price Performance

Shares of NASDAQ LBRDK opened at $81.36 on Friday. Liberty Broadband Co. has a 1-year low of $46.46 and a 1-year 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 business’s fifty day moving average price is $77.73 and its two-hundred day moving average price is $76.46. The firm has a market capitalization of $11.62 billion, a PE ratio of 14.98 and a beta of 1.04.

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.