Investment Management Associates Inc. ADV Boosts Position in Liberty Broadband Corporation (NASDAQ:LBRDK)

Investment Management Associates Inc. ADV raised its position in Liberty Broadband Corporation (NASDAQ:LBRDK - Free Report) by 1.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 226,073 shares of the company's stock after purchasing an additional 2,633 shares during the quarter. Liberty Broadband accounts for approximately 7.9% of Investment Management Associates Inc. ADV's portfolio, making the stock its 6th largest holding. Investment Management Associates Inc. ADV owned about 0.16% of Liberty Broadband worth $19,228,000 at the end of the most recent quarter.

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

Liberty Broadband Trading Up 1.8%

Shares of Liberty Broadband stock traded up $1.71 on Monday, hitting $96.59. The stock had a trading volume of 1,156,365 shares, compared to its average volume of 1,028,651. The stock has a market cap of $13.84 billion, a price-to-earnings ratio of 15.43 and a beta of 1.01. Liberty Broadband Corporation has a one year low of $54.71 and a one year high of $104.00. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.35. The stock's 50-day simple moving average is $95.29 and its two-hundred day simple moving average is $85.47.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $1.87 earnings per share (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. As a group, sell-side analysts predict that Liberty Broadband Corporation will post 7.71 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Liberty Broadband to a "hold" rating in a research report on Saturday.

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.