Alberta Investment Management Corp lifted its position in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 116.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 340,100 shares of the company's stock after buying an additional 182,900 shares during the quarter. Alberta Investment Management Corp owned about 0.24% of Liberty Broadband worth $25,426,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also modified their holdings of the company. Groupama Asset Managment acquired a new position in shares of Liberty Broadband during the 3rd quarter worth about $25,000. Quarry LP acquired a new stake in Liberty Broadband in the 3rd quarter worth $28,000. Capital Advisors Ltd. LLC increased its holdings in shares of Liberty Broadband by 75.8% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 443 shares of the company's stock worth $34,000 after purchasing an additional 191 shares during the period. Blue Trust Inc. increased its holdings in shares of Liberty Broadband by 134.3% during the 4th quarter. Blue Trust Inc. now owns 464 shares of the company's stock worth $36,000 after purchasing an additional 266 shares during the period. Finally, R Squared Ltd bought a new stake in shares of Liberty Broadband in the fourth quarter valued at about $37,000. 80.22% of the stock is currently owned by institutional investors and hedge funds.
Liberty Broadband Price Performance
Shares of NASDAQ:LBRDK traded down $0.16 during midday trading on Friday, reaching $81.36. 476,515 shares of the company's stock were exchanged, compared to its average volume of 799,717. The firm has a market capitalization of $11.62 billion, a PE ratio of 14.98 and a beta of 1.04. The company's 50 day simple moving average is $77.75 and its two-hundred day simple moving average is $76.34. Liberty Broadband Co. has a 12 month low of $46.46 and a 12 month high of $101.50. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07.
Wall Street Analyst Weigh In
Separately, StockNews.com assumed coverage on Liberty Broadband in a report on Monday. They set a "sell" rating on the stock.
Check Out Our Latest Research Report on LBRDK
Insiders Place Their Bets
In other news, CEO Gregory B. Maffei sold 71,500 shares of the business's stock in a transaction on Monday, December 16th. The shares were sold at an average price of $82.00, for a total value of $5,863,000.00. Following the sale, the chief executive officer now owns 2,827,013 shares in the company, valued at approximately $231,815,066. The trade was a 2.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 10.80% of the company's stock.
About Liberty Broadband
(
Free Report)
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.
Further Reading
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