Investment Management Associates Inc. ADV Has $16.90 Million Position in Liberty Broadband Corporation $LBRDK

Investment Management Associates Inc. ADV lifted its position in shares of Liberty Broadband Corporation (NASDAQ:LBRDK) by 14.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 265,920 shares of the company’s stock after acquiring an additional 33,093 shares during the quarter. Liberty Broadband makes up approximately 5.0% of Investment Management Associates Inc. ADV’s portfolio, making the stock its 8th biggest position. Investment Management Associates Inc. ADV owned 0.19% of Liberty Broadband worth $16,897,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Parkside Financial Bank & Trust raised its position in Liberty Broadband by 195.1% in the second quarter. Parkside Financial Bank & Trust now owns 360 shares of the company’s stock valued at $35,000 after purchasing an additional 238 shares during the last quarter. Assetmark Inc. increased its stake in shares of Liberty Broadband by 1,054.1% in the second quarter. Assetmark Inc. now owns 427 shares of the company’s stock valued at $42,000 after buying an additional 390 shares during the period. Mather Group LLC. bought a new position in Liberty Broadband in the 3rd quarter valued at approximately $47,000. Quent Capital LLC bought a new position in Liberty Broadband in the 3rd quarter valued at approximately $53,000. Finally, EverSource Wealth Advisors LLC boosted its position in Liberty Broadband by 59.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 733 shares of the company’s stock worth $72,000 after buying an additional 273 shares during the period. Institutional investors and hedge funds own 80.22% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Wall Street Zen cut shares of Liberty Broadband from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Weiss Ratings restated a “sell (d)” rating on shares of Liberty Broadband in a report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Liberty Broadband Stock Performance

Shares of LBRDK opened at $57.65 on Wednesday. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.14. The firm’s fifty day simple moving average is $47.94 and its two-hundred day simple moving average is $54.09. Liberty Broadband Corporation has a 12 month low of $42.10 and a 12 month high of $104.00. The stock has a market capitalization of $8.27 billion, a P/E ratio of 10.44 and a beta of 0.99.

Insider Buying and Selling

In related news, Director J David Wargo sold 2,889 shares of the firm’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $47.10, for a total transaction of $136,071.90. Following the completion of the sale, the director owned 31,542 shares of the company’s stock, valued at $1,485,628.20. This trade represents a 8.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 10.80% of the stock is owned by corporate insiders.

About Liberty Broadband

Liberty Broadband Corporation is a publicly traded holding company that principally invests in broadband and cable businesses. Established in 2014 as a spin-off from Liberty Interactive Corporation, the company was designed to provide investors with targeted exposure to high-growth broadband assets. Headquartered in Englewood, Colorado, Liberty Broadband uses a tracking-stock structure to reflect the performance of its key investments rather than operating a stand-alone service business.

The company’s primary asset is its substantial equity interest in Charter Communications, one of the largest cable and broadband providers in the United States.