Hi Line Capital Management LLC Raises Stock Position in Liberty Broadband Corporation $LBRDK

Hi Line Capital Management LLC raised its position in Liberty Broadband Corporation (NASDAQ:LBRDK) by 25.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 207,235 shares of the company’s stock after purchasing an additional 42,478 shares during the quarter. Liberty Broadband accounts for approximately 4.2% of Hi Line Capital Management LLC’s holdings, making the stock its 4th biggest holding. Hi Line Capital Management LLC’s holdings in Liberty Broadband were worth $13,168,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of LBRDK. Norges Bank bought a new position in shares of Liberty Broadband during the second quarter valued at approximately $137,249,000. Arrowstreet Capital Limited Partnership grew its position in Liberty Broadband by 71.3% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,557,714 shares of the company’s stock valued at $153,248,000 after acquiring an additional 648,125 shares during the last quarter. Baupost Group LLC MA increased its stake in Liberty Broadband by 337.0% in the second quarter. Baupost Group LLC MA now owns 745,610 shares of the company’s stock worth $73,353,000 after purchasing an additional 575,000 shares during the period. Alpine Associates Management Inc. bought a new stake in shares of Liberty Broadband during the third quarter worth $32,323,000. Finally, Man Group plc lifted its position in shares of Liberty Broadband by 92.9% during the second quarter. Man Group plc now owns 957,253 shares of the company’s stock worth $94,175,000 after purchasing an additional 460,920 shares during the last quarter. Hedge funds and other institutional investors own 80.22% of the company’s stock.

Liberty Broadband Trading Up 0.3%

NASDAQ:LBRDK opened at $55.60 on Friday. The firm has a 50-day simple moving average of $48.48 and a 200-day simple moving average of $54.03. Liberty Broadband Corporation has a one year low of $42.10 and a one year high of $104.00. The firm has a market cap of $7.98 billion, a P/E ratio of 10.07 and a beta of 0.99. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.10 and a current ratio of 0.10.

Analyst Ratings Changes

Several research analysts recently commented on LBRDK shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Liberty Broadband in a research note on Monday, December 29th. Wall Street Zen lowered shares of Liberty Broadband from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Insider Buying and Selling

In other Liberty Broadband news, Director J David Wargo sold 44,450 shares of the company’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $57.30, for a total transaction of $2,546,985.00. Following the completion of the sale, the director owned 19,150 shares in the company, valued at $1,097,295. This represents a 69.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 49,571 shares of company stock valued at $2,811,642 over the last ninety days. Insiders own 10.80% of the company’s stock.

Liberty Broadband Company Profile

Liberty Broadband Corporation is a publicly traded holding company that principally invests in broadband and cable businesses. Established in 2014 as a spin-off from Liberty Interactive Corporation, the company was designed to provide investors with targeted exposure to high-growth broadband assets. Headquartered in Englewood, Colorado, Liberty Broadband uses a tracking-stock structure to reflect the performance of its key investments rather than operating a stand-alone service business.

The company’s primary asset is its substantial equity interest in Charter Communications, one of the largest cable and broadband providers in the United States.