Gamco Investors INC. ET AL Trims Position in Liberty Broadband Corporation $LBRDA

Gamco Investors INC. ET AL cut its position in Liberty Broadband Corporation (NASDAQ:LBRDA) by 12.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 122,363 shares of the company’s stock after selling 16,841 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Liberty Broadband were worth $5,908,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Franklin Resources Inc. lifted its position in shares of Liberty Broadband by 66.2% in the second quarter. Franklin Resources Inc. now owns 615 shares of the company’s stock valued at $60,000 after acquiring an additional 245 shares in the last quarter. Comerica Bank grew its holdings in Liberty Broadband by 104.2% during the 4th quarter. Comerica Bank now owns 1,027 shares of the company’s stock valued at $50,000 after buying an additional 524 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its holdings in Liberty Broadband by 62.3% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 2,245 shares of the company’s stock valued at $220,000 after buying an additional 862 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new stake in Liberty Broadband during the 3rd quarter valued at approximately $144,000. Finally, CIBC Private Wealth Group LLC grew its holdings in Liberty Broadband by 26.4% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 2,621 shares of the company’s stock valued at $166,000 after buying an additional 547 shares in the last quarter. 10.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Liberty Broadband in a research note on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

Liberty Broadband Stock Performance

NASDAQ LBRDA opened at $33.28 on Wednesday. The stock has a market capitalization of $4.78 billion, a PE ratio of -1.74 and a beta of 0.70. The business has a 50 day simple moving average of $46.83 and a two-hundred day simple moving average of $48.29. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.09 and a quick ratio of 1.09. Liberty Broadband Corporation has a 1-year low of $31.91 and a 1-year high of $101.00.

Liberty Broadband (NASDAQ:LBRDA) last released its quarterly earnings results on Tuesday, April 28th. The company reported $1.41 earnings per share (EPS) for the quarter.

Liberty Broadband Profile

Liberty Broadband Corporation is a holding company primarily focused on investments in broadband businesses, most notably a significant equity interest in Charter Communications, Inc As a shareholder of Charter’s Class A common stock, Liberty Broadband benefits from the growth and operational performance of one of the largest cable and broadband providers in the United States. The company does not operate consumer services directly but instead seeks to enhance shareholder value through its strategic stake and board representation in Charter.

In addition to its Charter position, Liberty Broadband holds an ownership interest in GCI Liberty, Inc, a holding company with interests in an Alaskan telecommunications provider and other media assets.