Investment Management Associates Inc. ADV Buys 2,633 Shares of Liberty Broadband Corporation (NASDAQ:LBRDK)

Investment Management Associates Inc. ADV lifted its stake in shares of Liberty Broadband Corporation (NASDAQ:LBRDK - Free Report) by 1.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 226,073 shares of the company's stock after buying an additional 2,633 shares during the quarter. Liberty Broadband makes up approximately 7.9% of Investment Management Associates Inc. ADV's portfolio, making the stock its 6th biggest position. Investment Management Associates Inc. ADV owned 0.16% of Liberty Broadband worth $19,228,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of LBRDK. Smartleaf Asset Management LLC raised its holdings in Liberty Broadband by 61.1% during 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 in the last quarter. Lee Danner & Bass Inc. acquired a new position in Liberty Broadband in the fourth quarter valued at $36,000. Jones Financial Companies Lllp boosted its stake in Liberty Broadband by 138.0% in the fourth 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 fourth quarter. Farther Finance Advisors LLC now owns 530 shares of the company's stock valued at $40,000 after acquiring an additional 406 shares in the last quarter. Finally, Continuum Advisory LLC acquired a new position in Liberty Broadband in the first quarter valued at $58,000. 80.22% of the stock is currently owned by institutional investors and hedge funds.

Liberty Broadband Stock Down 2.4%

LBRDK traded down $2.38 during trading on Friday, hitting $94.88. The company had a trading volume of 883,633 shares, compared to its average volume of 1,060,924. The company has a market cap of $13.60 billion, a PE ratio of 15.16 and a beta of 1.01. Liberty Broadband Corporation has a 1-year low of $54.44 and a 1-year high of $104.00. The business has a 50-day moving average of $95.18 and a 200-day moving average of $85.22. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.39 and a quick ratio of 1.39.

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

Analysts Set New Price Targets

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

Liberty Broadband Company 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.