Liberty Broadband Co. (NASDAQ:LBRDK) Stock Holdings Increased by Gabelli Funds LLC

Gabelli Funds LLC grew its position in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 12.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 238,983 shares of the company’s stock after buying an additional 26,320 shares during the period. Gabelli Funds LLC’s holdings in Liberty Broadband were worth $17,866,000 as of its most recent SEC filing.

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

Liberty Broadband Stock Performance

Shares of LBRDK stock opened at $79.00 on Wednesday. Liberty Broadband Co. has a 12-month low of $46.46 and a 12-month high of $101.50. 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 firm has a market capitalization of $11.32 billion, a price-to-earnings ratio of 14.55 and a beta of 1.03. The business has a 50 day simple moving average of $81.68 and a 200 day simple moving average of $81.49.

Liberty Broadband (NASDAQ:LBRDK) last released its earnings results on Thursday, February 27th. The company reported $2.04 EPS for the quarter, missing the consensus estimate of $3.67 by ($1.63). The company had revenue of $253.00 million for the quarter, compared to analyst estimates of $252.50 million. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. On average, equities research analysts anticipate that Liberty Broadband Co. will post 7.71 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Liberty Broadband Company 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.