Liberty Broadband Co. (NASDAQ:LBRDK) Shares Acquired by Rhumbline Advisers

Rhumbline Advisers increased its stake in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 4.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,858 shares of the company’s stock after purchasing an additional 5,227 shares during the quarter. Rhumbline Advisers owned 0.09% of Liberty Broadband worth $9,783,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of LBRDK. Groupama Asset Managment purchased a new stake in shares of Liberty Broadband in the 3rd quarter valued at approximately $25,000. Quarry LP acquired a new position in shares of Liberty Broadband during the third quarter worth $28,000. Capital Advisors Ltd. LLC increased its holdings in Liberty Broadband by 75.8% in the third quarter. Capital Advisors Ltd. LLC now owns 443 shares of the company’s stock valued at $34,000 after buying an additional 191 shares during the last quarter. Blue Trust Inc. raised its stake in Liberty Broadband by 134.3% in the fourth quarter. Blue Trust Inc. now owns 464 shares of the company’s stock valued at $36,000 after buying an additional 266 shares in the last quarter. Finally, R Squared Ltd acquired a new stake in Liberty Broadband in the fourth quarter valued at $37,000. Hedge funds and other institutional investors own 80.22% of the company’s stock.

Liberty Broadband Trading Up 1.2 %

NASDAQ:LBRDK opened at $82.36 on Tuesday. Liberty Broadband Co. has a 12-month low of $46.46 and a 12-month high of $101.50. 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 simple moving average is $77.74 and its 200-day simple moving average is $76.75. The firm has a market cap of $11.76 billion, a P/E ratio of 15.17 and a beta of 1.04.

Insider Transactions at Liberty Broadband

In related news, CEO Gregory B. Maffei sold 125,000 shares of the company’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 sale, the chief executive officer now owns 1,435,256 shares in the company, valued at $114,447,313.44. This represents a 8.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Liberty Broadband in a report on Tuesday. They set a “sell” rating on the 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.