Investment Management Associates Inc. ADV Raises Holdings in Liberty Broadband Co. (NASDAQ:LBRDK)

Investment Management Associates Inc. ADV raised its stake in Liberty Broadband Co. (NASDAQ:LBRDK) by 2.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 223,440 shares of the company’s stock after purchasing an additional 4,640 shares during the period. Liberty Broadband accounts for approximately 7.3% of Investment Management Associates Inc. ADV’s investment portfolio, making the stock its 7th largest holding. Investment Management Associates Inc. ADV owned about 0.16% of Liberty Broadband worth $16,704,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of LBRDK. Barclays PLC boosted its position in shares of Liberty Broadband by 6.4% in the 3rd quarter. Barclays PLC now owns 6,899,331 shares of the company’s stock worth $533,251,000 after purchasing an additional 415,496 shares in the last quarter. Hi Line Capital Management LLC increased its holdings in shares of Liberty Broadband by 498.4% during the third quarter. Hi Line Capital Management LLC now owns 141,056 shares of the company’s stock valued at $10,902,000 after acquiring an additional 117,483 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new position in shares of Liberty Broadband in the 3rd quarter valued at approximately $861,000. Point72 Asset Management L.P. boosted its stake in Liberty Broadband by 54.8% in the 3rd quarter. Point72 Asset Management L.P. now owns 294,641 shares of the company’s stock worth $22,773,000 after purchasing an additional 104,272 shares in the last quarter. Finally, International Assets Investment Management LLC grew its position in Liberty Broadband by 9,029.0% during the 3rd quarter. International Assets Investment Management LLC now owns 12,598 shares of the company’s stock worth $974,000 after purchasing an additional 12,460 shares during the last quarter. 80.22% of the stock is owned by hedge funds and other institutional investors.

Liberty Broadband Stock Up 0.2 %

Shares of LBRDK stock opened at $81.52 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. Liberty Broadband Co. has a fifty-two week low of $46.46 and a fifty-two week high of $101.50. The firm has a market capitalization of $11.65 billion, a PE ratio of 15.01 and a beta of 1.04. The stock’s 50-day simple moving average is $77.79 and its 200-day simple moving average is $76.30.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Liberty Broadband in a report on Monday. They issued a “sell” rating for the company.

Insider Buying and Selling

In other news, CEO Gregory B. Maffei sold 71,500 shares of the business’s stock in a transaction dated 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 $231,815,066. The trade was a 2.47 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 10.80% of the stock is owned by corporate insiders.

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.