Alberta Investment Management Corp Buys 182,900 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

Alberta Investment Management Corp boosted its stake in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 116.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 340,100 shares of the company’s stock after purchasing an additional 182,900 shares during the quarter. Alberta Investment Management Corp owned about 0.24% of Liberty Broadband worth $25,426,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LBRDK. Barclays PLC boosted its position in shares of Liberty Broadband by 6.4% in the third quarter. Barclays PLC now owns 6,899,331 shares of the company’s stock valued at $533,251,000 after acquiring an additional 415,496 shares during the period. Hi Line Capital Management LLC boosted its position in shares of Liberty Broadband by 498.4% in the third quarter. Hi Line Capital Management LLC now owns 141,056 shares of the company’s stock valued at $10,902,000 after acquiring an additional 117,483 shares during the period. Sequoia Financial Advisors LLC bought a new stake in shares of Liberty Broadband in the third quarter valued at about $861,000. Point72 Asset Management L.P. boosted its position in shares of Liberty Broadband by 54.8% in the third quarter. Point72 Asset Management L.P. now owns 294,641 shares of the company’s stock valued at $22,773,000 after acquiring an additional 104,272 shares during the period. Finally, International Assets Investment Management LLC boosted its position 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 valued at $974,000 after acquiring an additional 12,460 shares during the period. 80.22% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Liberty Broadband news, CEO Gregory B. Maffei sold 125,000 shares of the business’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $79.74, for a total transaction of $9,967,500.00. Following the completion of the transaction, the chief executive officer now owns 1,435,256 shares of the company’s stock, valued at approximately $114,447,313.44. The trade was a 8.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 196,542 shares of company stock valued at $15,834,108 over the last quarter. 10.80% of the stock is owned by company insiders.

Liberty Broadband Trading Up 0.0 %

LBRDK opened at $81.60 on Wednesday. Liberty Broadband Co. has a twelve month low of $46.46 and a twelve month high of $101.50. The company has a 50-day simple moving average of $77.78 and a 200 day simple moving average of $76.16. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $11.66 billion, a price-to-earnings ratio of 15.03 and a beta of 1.04.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Liberty Broadband in a research report on Monday. They issued a “sell” rating for the company.

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.