Liberty Broadband Corporation $LBRDK is Investment Management Associates Inc. ADV’s 7th Largest Position

Investment Management Associates Inc. ADV grew its stake in Liberty Broadband Corporation (NASDAQ:LBRDK) by 61.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 429,284 shares of the company’s stock after buying an additional 163,364 shares during the period. Liberty Broadband accounts for 5.8% of Investment Management Associates Inc. ADV’s investment portfolio, making the stock its 7th largest holding. Investment Management Associates Inc. ADV’s holdings in Liberty Broadband were worth $20,863,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Highlander Partners L.P. purchased a new stake in Liberty Broadband in the fourth quarter valued at $26,000. eCIO Inc. purchased a new position in shares of Liberty Broadband during the fourth quarter worth about $30,000. Johnson Financial Group Inc. acquired a new stake in shares of Liberty Broadband during the third quarter worth about $42,000. Danske Bank A S acquired a new stake in shares of Liberty Broadband during the third quarter worth about $51,000. Finally, Quent Capital LLC purchased a new stake in shares of Liberty Broadband in the 3rd quarter valued at about $53,000. 80.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Weiss Ratings restated a “sell (d)” rating on shares of Liberty Broadband in a research note on Friday, March 27th. Wall Street Zen raised Liberty Broadband from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 2nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

Liberty Broadband Trading Down 3.4%

LBRDK opened at $36.10 on Friday. The firm has a market cap of $5.18 billion, a price-to-earnings ratio of -1.88 and a beta of 0.70. Liberty Broadband Corporation has a 52 week low of $36.08 and a 52 week high of $104.00. The business’s 50 day moving average is $50.05 and its two-hundred day moving average is $49.70. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.27.

Insider Buying and Selling

In other Liberty Broadband news, Director J David Wargo sold 44,450 shares of Liberty Broadband stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $57.30, for a total transaction of $2,546,985.00. Following the transaction, the director owned 19,150 shares of the company’s stock, valued at $1,097,295. The trade was a 69.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 10.80% of the stock is currently owned by company insiders.

Liberty Broadband Company Profile

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.