GABELLI & Co INVESTMENT ADVISERS INC. trimmed its holdings in Liberty Broadband Corporation (NASDAQ:LBRDK - Free Report) by 45.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,908 shares of the company's stock after selling 37,185 shares during the quarter. GABELLI & Co INVESTMENT ADVISERS INC.'s holdings in Liberty Broadband were worth $3,819,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently made changes to their positions in LBRDK. Deutsche Bank AG raised its stake in Liberty Broadband by 125.6% during the 4th quarter. Deutsche Bank AG now owns 3,060,143 shares of the company's stock worth $228,776,000 after buying an additional 1,703,637 shares during the period. Pentwater Capital Management LP raised its stake in Liberty Broadband by 454.0% during the 4th quarter. Pentwater Capital Management LP now owns 1,108,000 shares of the company's stock worth $82,834,000 after buying an additional 908,000 shares during the period. Hsbc Holdings PLC raised its stake in Liberty Broadband by 6,649.1% during the 1st quarter. Hsbc Holdings PLC now owns 878,124 shares of the company's stock worth $73,923,000 after buying an additional 865,113 shares during the period. Makaira Partners LLC raised its stake in Liberty Broadband by 219.6% during the 4th quarter. Makaira Partners LLC now owns 1,244,270 shares of the company's stock worth $93,022,000 after buying an additional 854,954 shares during the period. Finally, Benchstone Capital Management LP bought a new stake in Liberty Broadband during the 4th quarter worth approximately $41,221,000. 80.22% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Separately, Wall Street Zen raised Liberty Broadband to a "hold" rating in a report on Saturday, July 12th.
Check Out Our Latest Stock Report on LBRDK
Liberty Broadband Stock Performance
LBRDK stock opened at $62.65 on Tuesday. The firm has a market cap of $8.99 billion, a PE ratio of 8.27 and a beta of 0.96. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. The business has a 50 day moving average of $79.64 and a 200-day moving average of $83.93. Liberty Broadband Corporation has a 12-month low of $57.91 and a 12-month high of $104.00.
Liberty Broadband Company Profile
(
Free Report)
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.
Recommended Stories
Want to see what other hedge funds are holding LBRDK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Liberty Broadband Corporation (NASDAQ:LBRDK - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Liberty Broadband, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Liberty Broadband wasn't on the list.
While Liberty Broadband currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
We are about to experience the greatest A.I. boom in stock market history...
Thanks to a pivotal economic catalyst, specific tech stocks will skyrocket just like they did during the "dot com" boom in the 1990s.
That’s why, we’ve hand-selected 7 tiny tech disruptor stocks positioned to surge.
- The first pick is a tiny under-the-radar A.I. stock that's trading for just $3.00. This company already has 98 registered patents for cutting-edge voice and sound recognition technology... And has lined up major partnerships with some of the biggest names in the auto, tech, and music industry... plus many more.
- The second pick presents an affordable avenue to bolster EVs and AI development…. Analysts are calling this stock a “buy” right now and predict a high price target of $19.20, substantially more than its current $6 trading price.
- Our final and favorite pick is generating a brand-new kind of AI. It's believed this tech will be bigger than the current well-known leader in this industry… Analysts predict this innovative tech is gearing up to create a tidal wave of new wealth, fueling a $15.7 TRILLION market boom.
Right now, we’re staring down the barrel of a true once-in-a-lifetime moment. As an investment opportunity, this kind of breakthrough doesn't come along every day.
And the window to get in on the ground-floor — maximizing profit potential from this expected market surge — is closing quickly...
Simply enter your email below to get the names and tickers of the 7 small stocks with potential to make investors very, very happy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access