GABELLI & Co INVESTMENT ADVISERS INC. Raises Stake in Liberty Broadband Corporation $LBRDK

GABELLI & Co INVESTMENT ADVISERS INC. increased its holdings in shares of Liberty Broadband Corporation (NASDAQ:LBRDK) by 305.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 201,890 shares of the company’s stock after acquiring an additional 152,096 shares during the period. Liberty Broadband makes up 2.1% of GABELLI & Co INVESTMENT ADVISERS INC.’s investment portfolio, making the stock its 14th largest holding. GABELLI & Co INVESTMENT ADVISERS INC. owned about 0.14% of Liberty Broadband worth $12,828,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. AQR Capital Management LLC boosted its position in shares of Liberty Broadband by 3.7% in the 1st quarter. AQR Capital Management LLC now owns 20,132 shares of the company’s stock worth $1,707,000 after purchasing an additional 717 shares in the last quarter. Integrated Wealth Concepts LLC boosted its holdings in Liberty Broadband by 4.4% in the first quarter. Integrated Wealth Concepts LLC now owns 4,092 shares of the company’s stock worth $348,000 after acquiring an additional 174 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Liberty Broadband by 38.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,773 shares of the company’s stock worth $2,617,000 after acquiring an additional 8,521 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of Liberty Broadband by 503.1% in the first quarter. Jones Financial Companies Lllp now owns 2,943 shares of the company’s stock worth $250,000 after acquiring an additional 2,455 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Liberty Broadband by 94.3% during the first quarter. Goldman Sachs Group Inc. now owns 778,238 shares of the company’s stock valued at $66,189,000 after acquiring an additional 377,602 shares in the last quarter. Institutional investors own 80.22% of the company’s stock.

Wall Street Analyst Weigh In

LBRDK has been the topic of several recent analyst reports. Weiss Ratings reissued a “sell (d)” rating on shares of Liberty Broadband in a research report on Monday, December 29th. Wall Street Zen downgraded shares of Liberty Broadband from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Liberty Broadband Stock Performance

Shares of NASDAQ LBRDK opened at $53.67 on Friday. The firm’s 50-day moving average price is $50.08 and its 200-day moving average price is $53.40. Liberty Broadband Corporation has a 52-week low of $42.10 and a 52-week high of $104.00. The company has a market cap of $7.70 billion, a PE ratio of -2.87 and a beta of 0.95. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.14.

Insiders Place Their Bets

In other news, Director J David Wargo sold 2,232 shares of the stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $57.61, for a total transaction of $128,585.52. Following the transaction, the director directly owned 471 shares of the company’s stock, valued at $27,134.31. This represents a 82.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 10.80% of the company’s stock.

Liberty Broadband Company Profile

Liberty Broadband Corporation is a publicly traded holding company that principally invests in broadband and cable businesses. Established in 2014 as a spin-off from Liberty Interactive Corporation, the company was designed to provide investors with targeted exposure to high-growth broadband assets. Headquartered in Englewood, Colorado, Liberty Broadband uses a tracking-stock structure to reflect the performance of its key investments rather than operating a stand-alone service business.

The company’s primary asset is its substantial equity interest in Charter Communications, one of the largest cable and broadband providers in the United States.