GABELLI & Co INVESTMENT ADVISERS INC. Acquires 15,400 Shares of Liberty Broadband Corporation $LBRDK

GABELLI & Co INVESTMENT ADVISERS INC. lifted its holdings in shares of Liberty Broadband Corporation (NASDAQ:LBRDK) by 7.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 217,290 shares of the company’s stock after purchasing an additional 15,400 shares during the period. Liberty Broadband comprises about 1.6% of GABELLI & Co INVESTMENT ADVISERS INC.’s investment portfolio, making the stock its 19th biggest position. GABELLI & Co INVESTMENT ADVISERS INC.’s holdings in Liberty Broadband were worth $10,560,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Highlander Partners L.P. bought a new position in shares of Liberty Broadband during the 4th quarter valued at $26,000. eCIO Inc. bought a new position in shares of Liberty Broadband during the 4th quarter valued at $30,000. Johnson Financial Group Inc. bought a new position in shares of Liberty Broadband during the 3rd quarter valued at $42,000. EverSource Wealth Advisors LLC grew its holdings in shares of Liberty Broadband by 59.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 733 shares of the company’s stock valued at $72,000 after purchasing an additional 273 shares during the last quarter. Finally, Danske Bank A S bought a new position in shares of Liberty Broadband during the 3rd quarter valued at $51,000. Institutional investors own 80.22% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on LBRDK. Wall Street Zen raised shares of Liberty Broadband from a “strong sell” rating to a “sell” rating in a report on Saturday, May 2nd. Weiss Ratings reissued a “sell (d)” rating on shares of Liberty Broadband in a report on Friday, March 27th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Liberty Broadband Price Performance

Shares of Liberty Broadband stock opened at $32.76 on Monday. The firm has a market cap of $4.70 billion, a PE ratio of -1.71 and a beta of 0.70. Liberty Broadband Corporation has a 12-month low of $31.93 and a 12-month high of $104.00. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.27. The company’s fifty day simple moving average is $47.73 and its two-hundred day simple moving average is $48.74.

Liberty Broadband Company Profile

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.