Hi Line Capital Management LLC Cuts Stock Position in Liberty Broadband Co. (NASDAQ:LBRDK)

Hi Line Capital Management LLC lessened its stake in Liberty Broadband Co. (NASDAQ:LBRDK) by 35.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,199 shares of the company’s stock after selling 13,443 shares during the quarter. Liberty Broadband accounts for approximately 0.8% of Hi Line Capital Management LLC’s holdings, making the stock its 21st biggest position. Hi Line Capital Management LLC’s holdings in Liberty Broadband were worth $1,950,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Gryphon Financial Partners LLC raised its stake in shares of Liberty Broadband by 88.1% in the fourth quarter. Gryphon Financial Partners LLC now owns 6,440 shares of the company’s stock worth $519,000 after purchasing an additional 3,016 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Liberty Broadband by 5.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 490,650 shares of the company’s stock worth $39,541,000 after purchasing an additional 26,960 shares during the period. Machina Capital S.A.S. lifted its holdings in shares of Liberty Broadband by 861.2% during the 4th quarter. Machina Capital S.A.S. now owns 81,943 shares of the company’s stock valued at $6,604,000 after buying an additional 73,418 shares during the period. Metis Global Partners LLC boosted its stake in shares of Liberty Broadband by 7.9% in the 4th quarter. Metis Global Partners LLC now owns 10,962 shares of the company’s stock worth $883,000 after buying an additional 798 shares during the last quarter. Finally, Amalgamated Bank grew its holdings in shares of Liberty Broadband by 23.3% in the fourth quarter. Amalgamated Bank now owns 13,989 shares of the company’s stock worth $1,127,000 after acquiring an additional 2,648 shares during the period. 80.22% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Citigroup cut their price objective on shares of Liberty Broadband from $108.00 to $83.00 and set a “buy” rating for the company in a research report on Wednesday, February 7th.

Insider Activity at Liberty Broadband

In other news, Director J David Wargo sold 9,000 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $56.80, for a total value of $511,200.00. Following the transaction, the director now directly owns 97,332 shares in the company, valued at $5,528,457.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders sold a total of 45,000 shares of company stock worth $2,435,830 in the last quarter. 10.80% of the stock is owned by company insiders.

Liberty Broadband Stock Down 1.1 %

Shares of NASDAQ LBRDK opened at $52.30 on Thursday. The firm’s 50-day moving average price is $53.90 and its 200-day moving average price is $68.71. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 0.42. Liberty Broadband Co. has a 12-month low of $46.46 and a 12-month high of $95.68. The stock has a market capitalization of $7.48 billion, a price-to-earnings ratio of 11.32 and a beta of 0.97.

Liberty Broadband (NASDAQ:LBRDK) last issued its quarterly earnings results on Friday, February 16th. The company reported $1.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.62 by ($1.23). The company had revenue of $250.00 million during the quarter, compared to the consensus estimate of $227.82 million. Liberty Broadband had a return on equity of 7.76% and a net margin of 70.13%. On average, equities research analysts anticipate that Liberty Broadband Co. will post 10.14 EPS for the current fiscal year.

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.