Hi Line Capital Management LLC Boosts Stake in Liberty Broadband Corporation (NASDAQ:LBRDK)

Hi Line Capital Management LLC raised its holdings in shares of Liberty Broadband Corporation (NASDAQ:LBRDK - Free Report) by 17.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 165,319 shares of the company's stock after purchasing an additional 25,132 shares during the period. Liberty Broadband makes up about 5.3% of Hi Line Capital Management LLC's investment portfolio, making the stock its 3rd largest holding. Hi Line Capital Management LLC owned 0.12% of Liberty Broadband worth $14,060,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in LBRDK. Smartleaf Asset Management LLC boosted its stake in Liberty Broadband by 61.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 406 shares of the company's stock valued at $30,000 after purchasing an additional 154 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Liberty Broadband by 138.0% in the 4th quarter. Jones Financial Companies Lllp now owns 488 shares of the company's stock worth $36,000 after buying an additional 283 shares during the last quarter. Lee Danner & Bass Inc. purchased a new position in shares of Liberty Broadband in the 4th quarter worth $36,000. Farther Finance Advisors LLC boosted its stake in shares of Liberty Broadband by 327.4% in the 4th quarter. Farther Finance Advisors LLC now owns 530 shares of the company's stock worth $40,000 after buying an additional 406 shares during the last quarter. Finally, Continuum Advisory LLC purchased a new position in shares of Liberty Broadband in the 1st quarter worth $58,000. 80.22% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Broadband Stock Performance

Shares of LBRDK stock traded up $2.77 on Friday, reaching $96.16. The stock had a trading volume of 5,252,673 shares, compared to its average volume of 1,044,416. The stock has a market cap of $13.78 billion, a P/E ratio of 15.36 and a beta of 1.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.39 and a current ratio of 1.39. The company has a 50 day simple moving average of $92.31 and a 200 day simple moving average of $84.02. Liberty Broadband Corporation has a 1 year low of $51.97 and a 1 year high of $104.00.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $1.87 EPS for the quarter. Liberty Broadband had a return on equity of 9.24% and a net margin of 88.10%. The business had revenue of $256.00 million during the quarter. Equities research analysts expect that Liberty Broadband Corporation will post 7.71 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen started coverage on Liberty Broadband in a research note on Friday, May 16th. They issued a "sell" rating on the stock.

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.