Hi Line Capital Management LLC Reduces Stock Holdings in Liberty Broadband Corp Series C (NASDAQ:LBRDK)

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Hi Line Capital Management LLC reduced its stake in Liberty Broadband Corp Series C (NASDAQ:LBRDK) by 69.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 36,039 shares of the company’s stock after selling 80,838 shares during the period. Liberty Broadband Corp Series C makes up 1.7% of Hi Line Capital Management LLC’s investment portfolio, making the stock its 24th largest position. Hi Line Capital Management LLC’s holdings in Liberty Broadband Corp Series C were worth $3,772,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the business. Norman Fields Gottscho Capital Management LLC increased its stake in Liberty Broadband Corp Series C by 1.0% in the third quarter. Norman Fields Gottscho Capital Management LLC now owns 10,095 shares of the company’s stock valued at $1,057,000 after purchasing an additional 100 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Liberty Broadband Corp Series C by 33.3% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 420 shares of the company’s stock valued at $44,000 after acquiring an additional 105 shares during the period. M&T Bank Corp boosted its holdings in shares of Liberty Broadband Corp Series C by 2.6% in the second quarter. M&T Bank Corp now owns 4,577 shares of the company’s stock valued at $477,000 after acquiring an additional 116 shares during the period. Allianz Asset Management GmbH boosted its holdings in shares of Liberty Broadband Corp Series C by 3.1% in the second quarter. Allianz Asset Management GmbH now owns 4,847 shares of the company’s stock valued at $505,000 after acquiring an additional 148 shares during the period. Finally, Commonwealth Bank of Australia boosted its holdings in shares of Liberty Broadband Corp Series C by 81.5% in the second quarter. Commonwealth Bank of Australia now owns 363 shares of the company’s stock valued at $35,000 after acquiring an additional 163 shares during the period. Institutional investors own 54.28% of the company’s stock.

Shares of LBRDK stock traded up $0.08 during trading hours on Tuesday, hitting $117.35. The stock had a trading volume of 607,989 shares, compared to its average volume of 553,009. The firm has a market capitalization of $21.20 billion, a PE ratio of 308.82 and a beta of 1.27. Liberty Broadband Corp Series C has a twelve month low of $68.47 and a twelve month high of $120.08. The stock’s 50 day moving average is $110.88 and its 200 day moving average is $104.50. The company has a debt-to-equity ratio of 0.05, a current ratio of 8.04 and a quick ratio of 8.04.

In other news, CEO Gregory B. Maffei sold 138,728 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $116.06, for a total value of $16,100,771.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 10.80% of the stock is currently owned by corporate insiders.

Several research firms have recently weighed in on LBRDK. Zacks Investment Research raised Liberty Broadband Corp Series C from a “strong sell” rating to a “hold” rating in a report on Thursday, October 10th. ValuEngine downgraded Liberty Broadband Corp Series C from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. BidaskClub raised Liberty Broadband Corp Series C from a “hold” rating to a “buy” rating in a report on Wednesday, August 28th. TD Securities raised Liberty Broadband Corp Series C from a “hold” rating to a “buy” rating and set a $125.00 price objective for the company in a report on Friday, August 9th. Finally, Citigroup began coverage on Liberty Broadband Corp Series C in a report on Friday, October 4th. They issued a “buy” rating and a $125.00 price objective for the company. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. Liberty Broadband Corp Series C currently has a consensus rating of “Hold” and a consensus price target of $122.75.

Liberty Broadband Corp Series C Company Profile

Liberty Broadband Corporation, a cable operator, provides video, Internet, and voice services to residential, and small and medium business customers in the United States. The company operates through Skyhook and Charter segments. The Skyhook segment offers Precision Location Solution, a location determination service for mobile device makers, wireless carriers, and asset tracking platforms to understand the precise geographic location and movement of mobile devices, as well as for enhancing the location determination capabilities of a hybrid location system.

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Want to see what other hedge funds are holding LBRDK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Liberty Broadband Corp Series C (NASDAQ:LBRDK).

Institutional Ownership by Quarter for Liberty Broadband Corp Series C (NASDAQ:LBRDK)

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