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

Hi Line Capital Management LLC grew its stake in Liberty Broadband Corporation (NASDAQ:LBRDK - Free Report) by 17.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 165,319 shares of the company's stock after buying an additional 25,132 shares during the period. Liberty Broadband makes up approximately 5.3% of Hi Line Capital Management LLC's holdings, making the stock its 3rd biggest position. Hi Line Capital Management LLC owned about 0.12% of Liberty Broadband worth $14,060,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in LBRDK. Oppenheimer Asset Management Inc. lifted its holdings in Liberty Broadband by 5.7% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 42,187 shares of the company's stock worth $3,588,000 after purchasing an additional 2,286 shares during the last quarter. Continuum Advisory LLC acquired a new position in Liberty Broadband during the first quarter valued at approximately $58,000. Wealth Enhancement Advisory Services LLC raised its position in shares of Liberty Broadband by 6.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 13,701 shares of the company's stock valued at $1,165,000 after purchasing an additional 793 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Liberty Broadband in the first quarter worth $2,430,000. Finally, Gateway Investment Advisers LLC bought a new stake in shares of Liberty Broadband during the 1st quarter worth $216,000. Institutional investors own 80.22% of the company's stock.

Liberty Broadband Price Performance

NASDAQ LBRDK opened at $93.39 on Tuesday. The stock has a 50-day simple moving average of $90.95 and a 200 day simple moving average of $83.65. Liberty Broadband Corporation has a twelve month low of $51.05 and a twelve month high of $104.00. The stock has a market capitalization of $13.39 billion, a PE ratio of 14.92 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.

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 company had revenue of $256.00 million during the quarter. Research analysts anticipate that Liberty Broadband Corporation will post 7.71 EPS for the current year.

Analysts Set New Price Targets

Separately, Wall Street Zen began coverage on shares of Liberty Broadband in a report on Friday, May 16th. They issued a "sell" rating on the stock.

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.

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