Liberty Broadband Co. (NASDAQ:LBRDK) is Investment Management Associates Inc. ADV’s 7th Largest Position

Investment Management Associates Inc. ADV lifted its position in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 2.1% during the 4th quarter, HoldingsChannel reports. 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 7.3% of Investment Management Associates Inc. ADV’s portfolio, making the stock its 7th biggest position. Investment Management Associates Inc. ADV’s holdings in Liberty Broadband were worth $16,704,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently modified their holdings of LBRDK. Assenagon Asset Management S.A. increased its stake in shares of Liberty Broadband by 107.5% during the third quarter. Assenagon Asset Management S.A. now owns 2,899,318 shares of the company’s stock worth $224,088,000 after purchasing an additional 1,502,249 shares in the last quarter. Barclays PLC boosted its stake in Liberty Broadband by 6.4% during 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 during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Liberty Broadband by 63.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 940,168 shares of the company’s stock worth $72,666,000 after buying an additional 366,614 shares in the last quarter. FMR LLC raised its position in shares of Liberty Broadband by 104.4% in the third quarter. FMR LLC now owns 563,964 shares of the company’s stock valued at $43,589,000 after buying an additional 288,078 shares during the last quarter. Finally, Isomer Partners LP acquired a new position in Liberty Broadband during the third quarter worth about $20,095,000. 80.22% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Liberty Broadband news, CEO Gregory B. Maffei sold 125,000 shares of Liberty Broadband stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $79.74, for a total transaction of $9,967,500.00. Following the completion of the sale, the chief executive officer now directly owns 1,435,256 shares in the company, valued at $114,447,313.44. This trade represents a 8.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 10.80% of the company’s stock.

Liberty Broadband Trading Up 0.2 %

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

Analysts Set New Price Targets

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

About Liberty Broadband

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.