Gabelli Funds LLC Purchases 27,373 Shares of Liberty Broadband Corporation $LBRDA

Gabelli Funds LLC lifted its holdings in Liberty Broadband Corporation (NASDAQ:LBRDA) by 40.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 95,023 shares of the company’s stock after purchasing an additional 27,373 shares during the quarter. Gabelli Funds LLC’s holdings in Liberty Broadband were worth $4,772,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of LBRDA. Franklin Resources Inc. raised its stake in Liberty Broadband by 66.2% during the second quarter. Franklin Resources Inc. now owns 615 shares of the company’s stock valued at $60,000 after purchasing an additional 245 shares in the last quarter. Federation des caisses Desjardins du Quebec grew its stake in shares of Liberty Broadband by 22.0% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,377 shares of the company’s stock worth $66,000 after buying an additional 248 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Liberty Broadband by 8.3% in the 2nd quarter. American Century Companies Inc. now owns 3,453 shares of the company’s stock worth $338,000 after buying an additional 265 shares in the last quarter. California State Teachers Retirement System grew its stake in shares of Liberty Broadband by 2.0% in the 2nd quarter. California State Teachers Retirement System now owns 15,195 shares of the company’s stock worth $1,486,000 after buying an additional 303 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Liberty Broadband by 1.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 25,897 shares of the company’s stock worth $2,201,000 after buying an additional 319 shares during the last quarter. Institutional investors own 10.29% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Liberty Broadband in a research report on Wednesday, June 24th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

Liberty Broadband Price Performance

Shares of Liberty Broadband stock opened at $32.86 on Wednesday. The stock has a market cap of $4.72 billion, a price-to-earnings ratio of -1.71 and a beta of 0.65. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a 50 day moving average price of $31.78 and a 200-day moving average price of $42.57. Liberty Broadband Corporation has a one year low of $26.14 and a one year high of $67.38.

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