Liberty Broadband Co. (NASDAQ:LBRDK) Shares Purchased by GABELLI & Co INVESTMENT ADVISERS INC.

GABELLI & Co INVESTMENT ADVISERS INC. raised its position in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 326.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 holding. GABELLI & Co INVESTMENT ADVISERS INC. owned approximately 0.06% of Liberty Broadband worth $6,137,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Barclays PLC increased its stake in Liberty Broadband by 6.4% in the 3rd quarter. Barclays PLC now owns 6,899,331 shares of the company's stock worth $533,251,000 after buying an additional 415,496 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Liberty Broadband by 1.6% in the third quarter. Geode Capital Management LLC now owns 2,014,571 shares of the company's stock valued at $155,736,000 after purchasing an additional 31,484 shares during the period. Sanctuary Advisors LLC bought a new position in Liberty Broadband in the third quarter worth approximately $225,000. Wilmington Savings Fund Society FSB purchased a new position in Liberty Broadband during the 3rd quarter worth $8,773,000. Finally, Tidal Investments LLC purchased a new stake in shares of Liberty Broadband in the 3rd quarter worth $217,000. Hedge funds and other institutional investors own 80.22% of the company's stock.

Liberty Broadband Stock Up 2.1 %

Shares of NASDAQ:LBRDK traded up $1.62 on Friday, reaching $78.22. The company had a trading volume of 661,821 shares, compared to its average volume of 1,045,180. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $11.21 billion, a PE ratio of 14.41 and a beta of 1.03. Liberty Broadband Co. has a 52-week low of $46.46 and a 52-week high of $101.50. The firm's 50 day simple moving average is $81.68 and its 200-day simple moving average is $81.47.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last announced its earnings results on Thursday, February 27th. The company reported $2.04 EPS for the quarter, missing analysts' consensus estimates of $3.67 by ($1.63). Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. The firm had revenue of $253.00 million during the quarter, compared to the consensus estimate of $252.50 million. As a group, analysts expect that Liberty Broadband Co. will post 7.71 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Liberty Broadband in a report on Monday, April 14th. They issued a "sell" rating for the company.

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.