Liberty Broadband Corporation $LBRDK Holdings Lowered by Rhumbline Advisers

Key Points

• Rhumbline Advisers has decreased its stake in Liberty Broadband Corporation (NASDAQ:LBRDK) by 3.9%, now holding 125,747 shares valued at approximately $10.7 million after selling 5,111 shares in the first quarter.
• Other hedge funds such as Resonant Capital Advisors LLC and Ameriprise Financial Inc. have increased their stakes in Liberty Broadband, highlighting ongoing interest from institutional investors in the stock.
• Liberty Broadband has received a "hold" rating from Wall Street Zen, reflecting cautious optimism as the stock trades at $60.40, significantly below its 1-year high of $104.00.

Rhumbline Advisers cut its stake in Liberty Broadband Corporation (NASDAQ:LBRDK - Free Report) by 3.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 125,747 shares of the company's stock after selling 5,111 shares during the period. Rhumbline Advisers owned 0.09% of Liberty Broadband worth $10,695,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. SouthState Corp bought a new position in shares of Liberty Broadband in the first quarter worth $25,000. Vestor Capital LLC bought a new position in shares of Liberty Broadband in the first quarter worth $44,000. Continuum Advisory LLC bought a new position in shares of Liberty Broadband in the first quarter worth $58,000. Brooklyn Investment Group grew its stake in shares of Liberty Broadband by 28.6% in the first quarter. Brooklyn Investment Group now owns 1,361 shares of the company's stock worth $116,000 after purchasing an additional 303 shares in the last quarter. Finally, Versant Capital Management Inc grew its stake in shares of Liberty Broadband by 171.6% in the first quarter. Versant Capital Management Inc now owns 1,657 shares of the company's stock worth $141,000 after purchasing an additional 1,047 shares in the last quarter. Institutional investors own 80.22% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Liberty Broadband to a "hold" rating in a research note on Saturday, July 12th.

Liberty Broadband Trading Down 0.2%

Shares of NASDAQ LBRDK traded down $0.11 during mid-day trading on Tuesday, hitting $59.85. 324,562 shares of the company traded hands, compared to its average volume of 1,223,440. Liberty Broadband Corporation has a 1 year low of $57.75 and a 1 year high of $104.00. The stock has a market capitalization of $8.59 billion, a price-to-earnings ratio of 7.90 and a beta of 0.97. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. The business has a 50 day moving average of $69.15 and a two-hundred day moving average of $81.81.

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.