GABELLI & Co INVESTMENT ADVISERS INC. Increases Holdings in Liberty Broadband Co. (NASDAQ:LBRDK)

GABELLI & Co INVESTMENT ADVISERS INC. lifted its stake in Liberty Broadband Co. (NASDAQ:LBRDK) by 326.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 82,093 shares of the company’s stock after purchasing an additional 62,831 shares during the quarter. Liberty Broadband accounts for approximately 1.1% of GABELLI & Co INVESTMENT ADVISERS INC.’s holdings, making the stock its 27th biggest position. GABELLI & Co INVESTMENT ADVISERS INC.’s holdings in Liberty Broadband were worth $6,137,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC lifted its holdings in shares of Liberty Broadband by 61.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 406 shares of the company’s stock valued at $30,000 after buying an additional 154 shares during the period. Blue Trust Inc. lifted its holdings in Liberty Broadband by 134.3% in the fourth quarter. Blue Trust Inc. now owns 464 shares of the company’s stock valued at $36,000 after acquiring an additional 266 shares during the period. Lee Danner & Bass Inc. purchased a new position in Liberty Broadband in the fourth quarter worth about $36,000. Jones Financial Companies Lllp grew its stake in shares of Liberty Broadband by 138.0% during the 4th quarter. Jones Financial Companies Lllp now owns 488 shares of the company’s stock valued at $36,000 after purchasing an additional 283 shares during the period. Finally, R Squared Ltd purchased a new stake in shares of Liberty Broadband during the 4th quarter valued at about $37,000. 80.22% of the stock is owned by hedge funds and other institutional investors.

Liberty Broadband Trading Up 1.9 %

NASDAQ:LBRDK opened at $78.28 on Tuesday. The firm has a market capitalization of $11.22 billion, a price-to-earnings ratio of 14.42 and a beta of 1.03. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07. The business has a fifty day moving average price of $81.68 and a 200-day moving average price of $81.51. Liberty Broadband Co. has a one year low of $46.46 and a one year high of $101.50.

Liberty Broadband (NASDAQ:LBRDK) last issued its quarterly earnings results on Thursday, February 27th. The company reported $2.04 earnings per share for the quarter, missing the consensus estimate of $3.67 by ($1.63). The firm had revenue of $253.00 million for the quarter, compared to analysts’ expectations of $252.50 million. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. Sell-side analysts forecast that Liberty Broadband Co. will post 7.71 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Liberty Broadband 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.