Liberty Broadband Co. (NASDAQ:LBRDK) Shares Sold by Hi Line Capital Management LLC

Hi Line Capital Management LLC reduced its stake in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 0.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 140,187 shares of the company’s stock after selling 869 shares during the period. Liberty Broadband accounts for approximately 4.6% of Hi Line Capital Management LLC’s portfolio, making the stock its 5th biggest holding. Hi Line Capital Management LLC owned 0.10% of Liberty Broadband worth $10,480,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC increased its stake in shares of Liberty Broadband by 9,029.0% in the third quarter. International Assets Investment Management LLC now owns 12,598 shares of the company’s stock worth $974,000 after purchasing an additional 12,460 shares during the period. DekaBank Deutsche Girozentrale bought a new position in shares of Liberty Broadband in the third quarter worth about $1,260,000. Capital Advisors Ltd. LLC increased its stake in shares of Liberty Broadband by 75.8% in the third quarter. Capital Advisors Ltd. LLC now owns 443 shares of the company’s stock worth $34,000 after purchasing an additional 191 shares during the period. Palliser Capital UK Ltd increased its stake in shares of Liberty Broadband by 69.1% in the third quarter. Palliser Capital UK Ltd now owns 480,192 shares of the company’s stock worth $37,114,000 after purchasing an additional 196,268 shares during the period. Finally, Forum Financial Management LP bought a new position in shares of Liberty Broadband in the third quarter worth about $215,000. 80.22% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Liberty Broadband in a research note on Monday, February 17th. They set a “sell” rating on the stock.

Liberty Broadband Stock Down 0.2 %

NASDAQ LBRDK opened at $81.36 on Monday. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40. The stock’s 50 day moving average is $77.73 and its two-hundred day moving average is $76.63. The company has a market capitalization of $11.62 billion, a price-to-earnings ratio of 14.98 and a beta of 1.04. Liberty Broadband Co. has a 1-year low of $46.46 and a 1-year high of $101.50.

Insider Buying and Selling at Liberty Broadband

In other news, CEO Gregory B. Maffei sold 125,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $79.74, for a total value of $9,967,500.00. Following the transaction, the chief executive officer now directly owns 1,435,256 shares of the company’s stock, valued at $114,447,313.44. The trade was a 8.01 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 10.80% of the company’s stock.

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.