Investment Management Associates Inc. ADV Acquires 37,936 Shares of Liberty Broadband Corporation $LBRDK

Investment Management Associates Inc. ADV grew its holdings in shares of Liberty Broadband Corporation (NASDAQ:LBRDK) by 8.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 467,220 shares of the company’s stock after purchasing an additional 37,936 shares during the period. Liberty Broadband makes up about 5.6% of Investment Management Associates Inc. ADV’s portfolio, making the stock its 6th biggest holding. Investment Management Associates Inc. ADV’s holdings in Liberty Broadband were worth $23,501,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Highlander Partners L.P. purchased a new position in Liberty Broadband during the 4th quarter worth $26,000. eCIO Inc. purchased a new stake in Liberty Broadband in the fourth quarter valued at about $30,000. Johnson Financial Group Inc. purchased a new stake in Liberty Broadband in the third quarter valued at about $42,000. Rothschild Investment LLC raised its stake in Liberty Broadband by 7,253.8% in the fourth quarter. Rothschild Investment LLC now owns 956 shares of the company’s stock valued at $46,000 after buying an additional 943 shares during the last quarter. Finally, Danske Bank A S acquired a new stake in Liberty Broadband in the third quarter worth about $51,000. Institutional investors and hedge funds own 80.22% of the company’s stock.

Liberty Broadband Price Performance

NASDAQ LBRDK opened at $30.87 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.09 and a quick ratio of 1.09. The stock’s fifty day moving average price is $32.28 and its 200 day moving average price is $43.55. Liberty Broadband Corporation has a 1 year low of $29.08 and a 1 year high of $91.79. The company has a market cap of $4.43 billion, a price-to-earnings ratio of -1.61 and a beta of 0.65.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on LBRDK. Weiss Ratings restated a “sell (d)” rating on shares of Liberty Broadband in a research note on Wednesday, June 24th. Wall Street Zen raised shares of Liberty Broadband from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 2nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Liberty Broadband currently has an average rating of “Sell”.

About Liberty Broadband

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.