Gabelli Funds LLC grew its position in Liberty Broadband Corporation (NASDAQ:LBRDA – Free Report) by 40.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 95,023 shares of the company’s stock after purchasing an additional 27,373 shares during the quarter. Gabelli Funds LLC owned approximately 0.07% of Liberty Broadband worth $4,772,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently modified their holdings of LBRDA. Franklin Resources Inc. raised its position in shares of Liberty Broadband by 66.2% during the 2nd quarter. Franklin Resources Inc. now owns 615 shares of the company’s stock valued at $60,000 after purchasing an additional 245 shares during the period. Federation des caisses Desjardins du Quebec boosted its holdings in Liberty Broadband by 22.0% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,377 shares of the company’s stock worth $66,000 after buying an additional 248 shares during the period. American Century Companies Inc. raised its holdings in Liberty Broadband by 8.3% during the second quarter. American Century Companies Inc. now owns 3,453 shares of the company’s stock valued at $338,000 after acquiring an additional 265 shares during the period. California State Teachers Retirement System raised its holdings in Liberty Broadband by 2.0% during the second quarter. California State Teachers Retirement System now owns 15,195 shares of the company’s stock valued at $1,486,000 after acquiring an additional 303 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in shares of Liberty Broadband by 1.2% in the first quarter. Goldman Sachs Group Inc. now owns 25,897 shares of the company’s stock valued at $2,201,000 after acquiring an additional 319 shares in the last quarter. 10.29% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Liberty Broadband in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.
Liberty Broadband Stock Performance
Shares of NASDAQ LBRDA opened at $32.86 on Wednesday. The company has a market cap of $4.72 billion, a P/E ratio of -1.71 and a beta of 0.65. Liberty Broadband Corporation has a 52-week low of $26.14 and a 52-week high of $67.38. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.09 and a current ratio of 1.09. The firm’s fifty day moving average is $31.78 and its two-hundred day moving average is $42.57.
Liberty Broadband (NASDAQ:LBRDA – Get Free Report) last released its quarterly earnings data on Tuesday, April 28th. The company reported $1.41 EPS for the quarter.
Liberty Broadband Company Profile
Liberty Broadband Corporation is a holding company primarily focused on investments in broadband businesses, most notably a significant equity interest in Charter Communications, Inc As a shareholder of Charter’s Class A common stock, Liberty Broadband benefits from the growth and operational performance of one of the largest cable and broadband providers in the United States. The company does not operate consumer services directly but instead seeks to enhance shareholder value through its strategic stake and board representation in Charter.
In addition to its Charter position, Liberty Broadband holds an ownership interest in GCI Liberty, Inc, a holding company with interests in an Alaskan telecommunications provider and other media assets.
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