GABELLI & Co INVESTMENT ADVISERS INC. Purchases 152,096 Shares of Liberty Broadband Corporation $LBRDK

GABELLI & Co INVESTMENT ADVISERS INC. grew its holdings in shares of Liberty Broadband Corporation (NASDAQ:LBRDK) by 305.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 201,890 shares of the company’s stock after purchasing an additional 152,096 shares during the quarter. Liberty Broadband makes up approximately 2.1% of GABELLI & Co INVESTMENT ADVISERS INC.’s investment portfolio, making the stock its 14th largest position. GABELLI & Co INVESTMENT ADVISERS INC.’s holdings in Liberty Broadband were worth $12,828,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in LBRDK. Parkside Financial Bank & Trust grew its position in Liberty Broadband by 195.1% during the second quarter. Parkside Financial Bank & Trust now owns 360 shares of the company’s stock valued at $35,000 after buying an additional 238 shares during the period. Assetmark Inc. grew its position in shares of Liberty Broadband by 1,054.1% during the 2nd quarter. Assetmark Inc. now owns 427 shares of the company’s stock valued at $42,000 after acquiring an additional 390 shares during the period. Mather Group LLC. bought a new stake in shares of Liberty Broadband during the 3rd quarter valued at $47,000. Quent Capital LLC purchased a new stake in shares of Liberty Broadband in the 3rd quarter worth $53,000. Finally, EverSource Wealth Advisors LLC raised its holdings in Liberty Broadband by 59.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 733 shares of the company’s stock worth $72,000 after purchasing an additional 273 shares during the period. Hedge funds and other institutional investors own 80.22% of the company’s stock.

Liberty Broadband Stock Performance

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

Insiders Place Their Bets

In other Liberty Broadband news, Director J David Wargo sold 44,450 shares of the stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $57.30, for a total transaction of $2,546,985.00. Following the completion of the sale, the director directly owned 19,150 shares of the company’s stock, valued at $1,097,295. This trade represents a 69.89% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 10.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

About Liberty Broadband

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.