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

Several other hedge funds have also recently bought and sold shares of LBRDK. Resonant Capital Advisors LLC increased its stake in Liberty Broadband by 3.1% in the first quarter. Resonant Capital Advisors LLC now owns 4,197 shares of the company's stock valued at $357,000 after purchasing an additional 126 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Liberty Broadband by 0.5% in the 4th quarter. Ameriprise Financial Inc. now owns 27,909 shares of the company's stock valued at $2,086,000 after purchasing an additional 131 shares during the last quarter. CWM LLC boosted its holdings in Liberty Broadband by 6.4% in the first quarter. CWM LLC now owns 2,309 shares of the company's stock valued at $196,000 after acquiring an additional 138 shares during the last quarter. Integrated Wealth Concepts LLC increased its stake in Liberty Broadband by 4.4% during the first quarter. Integrated Wealth Concepts LLC now owns 4,092 shares of the company's stock worth $348,000 after acquiring an additional 174 shares during the last quarter. Finally, Northeast Financial Consultants Inc raised its holdings in shares of Liberty Broadband by 6.3% in the 4th quarter. Northeast Financial Consultants Inc now owns 2,989 shares of the company's stock worth $223,000 after purchasing an additional 177 shares during the period. 80.22% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Liberty Broadband Stock Performance

NASDAQ:LBRDK opened at $60.40 on Thursday. The firm has a market capitalization of $8.67 billion, a PE ratio of 7.97 and a beta of 0.97. Liberty Broadband Corporation has a 1 year low of $57.75 and a 1 year high of $104.00. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26. The firm's fifty day simple moving average is $71.51 and its 200 day simple moving average is $82.23.

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.

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