Liberty Broadband Co. (NASDAQ:LBRDK) is Investment Management Associates Inc. ADV's 5th Largest Position

Investment Management Associates Inc. ADV lessened its position in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 4.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 218,800 shares of the company's stock after selling 10,033 shares during the quarter. Liberty Broadband accounts for 6.6% of Investment Management Associates Inc. ADV's portfolio, making the stock its 5th biggest holding. Investment Management Associates Inc. ADV owned 0.15% of Liberty Broadband worth $16,911,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. SG Americas Securities LLC boosted its position in Liberty Broadband by 1,551.1% during the 1st quarter. SG Americas Securities LLC now owns 66,970 shares of the company's stock valued at $3,833,000 after acquiring an additional 62,914 shares in the last quarter. Sei Investments Co. boosted its stake in shares of Liberty Broadband by 12.0% during the 1st quarter. Sei Investments Co. now owns 22,247 shares of the company's stock worth $1,273,000 after acquiring an additional 2,391 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Liberty Broadband by 21.8% during the 1st quarter. Russell Investments Group Ltd. now owns 12,560 shares of the company's stock worth $719,000 after buying an additional 2,244 shares during the last quarter. Entropy Technologies LP purchased a new position in Liberty Broadband in the 1st quarter valued at about $1,266,000. Finally, State Board of Administration of Florida Retirement System lifted its holdings in Liberty Broadband by 19.1% in the first quarter. State Board of Administration of Florida Retirement System now owns 146,721 shares of the company's stock worth $8,397,000 after acquiring an additional 23,489 shares during the last quarter. Institutional investors own 80.22% of the company's stock.

Liberty Broadband Trading Down 0.9 %

Shares of NASDAQ:LBRDK traded down $0.84 during trading on Tuesday, reaching $97.62. The stock had a trading volume of 1,443,448 shares, compared to its average volume of 1,168,411. Liberty Broadband Co. has a fifty-two week low of $46.46 and a fifty-two week high of $101.50. The business has a fifty day moving average price of $76.00 and a 200-day moving average price of $63.14. The stock has a market cap of $13.94 billion, a P/E ratio of 18.13 and a beta of 1.02. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.39.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $2.68 by ($1.69). The business had revenue of $262.00 million for the quarter, compared to the consensus estimate of $237.41 million. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.53%. During the same quarter last year, the business posted $1.10 EPS. As a group, analysts anticipate that Liberty Broadband Co. will post 8.45 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Liberty Broadband news, CAO Brian J. Wendling sold 2,208 shares of Liberty Broadband stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $75.84, for a total value of $167,454.72. Following the completion of the sale, the chief accounting officer now directly owns 11,054 shares in the company, valued at approximately $838,335.36. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Liberty Broadband news, insider Renee L. Wilm sold 4,423 shares of the company's stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $76.56, for a total transaction of $338,624.88. Following the sale, the insider now directly owns 3,670 shares in the company, valued at $280,975.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Brian J. Wendling sold 2,208 shares of the stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $75.84, for a total value of $167,454.72. Following the completion of the transaction, the chief accounting officer now directly owns 11,054 shares in the company, valued at approximately $838,335.36. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 10.80% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on LBRDK. Morgan Stanley lifted their target price on shares of Liberty Broadband from $62.00 to $69.00 and gave the company an "equal weight" rating in a research report on Friday, July 19th. Rosenblatt Securities boosted their target price on shares of Liberty Broadband from $80.00 to $91.00 and gave the company a "buy" rating in a research report on Wednesday, August 14th.

Liberty Broadband Company 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.