Investment Management Associates Inc. ADV Has $22.91 Million Position in Liberty Broadband Corporation $LBRDK

Investment Management Associates Inc. ADV grew its position in shares of Liberty Broadband Corporation (NASDAQ:LBRDK) by 3.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 232,827 shares of the company’s stock after acquiring an additional 6,754 shares during the quarter. Liberty Broadband comprises 7.7% of Investment Management Associates Inc. ADV’s holdings, making the stock its 4th largest holding. Investment Management Associates Inc. ADV’s holdings in Liberty Broadband were worth $22,906,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SouthState Corp bought a new stake in Liberty Broadband during the 1st quarter valued at $25,000. Assetmark Inc. increased its holdings in Liberty Broadband by 1,054.1% during the 2nd quarter. Assetmark Inc. now owns 427 shares of the company’s stock worth $42,000 after purchasing an additional 390 shares in the last quarter. Vestor Capital LLC bought a new stake in Liberty Broadband during the 1st quarter worth approximately $44,000. Fortitude Family Office LLC bought a new stake in Liberty Broadband during the 2nd quarter worth approximately $48,000. Finally, GAMMA Investing LLC grew its holdings in Liberty Broadband by 39.2% during the second quarter. GAMMA Investing LLC now owns 589 shares of the company’s stock worth $58,000 after buying an additional 166 shares in the last quarter. Institutional investors own 80.22% of the company’s stock.

Liberty Broadband Stock Down 2.9%

Shares of NASDAQ LBRDK opened at $55.61 on Thursday. The business has a 50-day simple moving average of $60.61 and a two-hundred day simple moving average of $76.89. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. Liberty Broadband Corporation has a 52 week low of $55.02 and a 52 week high of $104.00. The company has a market cap of $7.98 billion, a P/E ratio of 7.34 and a beta of 1.01.

Analysts Set New Price Targets

LBRDK has been the subject of several recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Liberty Broadband in a research note on Wednesday, October 8th. Wall Street Zen raised Liberty Broadband to a “hold” rating in a report on Saturday, July 12th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, Liberty Broadband currently has a consensus rating of “Hold”.

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.