Gamco Investors INC. ET AL Grows Stake in Liberty Broadband Corporation $LBRDA

Key Points

• Gamco Investors increased its stake in Liberty Broadband by 65.7% in Q3, acquiring an additional 55,211 shares to hold 139,204 shares valued at about $8.816 million (roughly 0.10% of the company).
• Liberty Broadband trades around $54.07 with a market cap of $7.76 billion and a 52‑week range of $42.05–$102.38; analyst sentiment is mixed with an average "Hold" rating and a $115 target while Weiss Ratings reiterates a "sell."
• Director J. David Wargo sold 2,232 shares for about $128,586, reducing his stake by ~82.6%, though insiders collectively still own about 11.59% of the company.

Gamco Investors INC. ET AL lifted its holdings in shares of Liberty Broadband Corporation (NASDAQ:LBRDA - Free Report) by 65.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 139,204 shares of the company's stock after acquiring an additional 55,211 shares during the period. Gamco Investors INC. ET AL owned 0.10% of Liberty Broadband worth $8,816,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Cambria Investment Management L.P. increased its stake in Liberty Broadband by 8.1% in the third quarter. Cambria Investment Management L.P. now owns 3,734 shares of the company's stock valued at $236,000 after purchasing an additional 280 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Liberty Broadband by 2.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 496,391 shares of the company's stock worth $31,436,000 after buying an additional 11,789 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Liberty Broadband by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 1,588,530 shares of the company's stock worth $100,602,000 after buying an additional 11,709 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new position in shares of Liberty Broadband in the 3rd quarter valued at $144,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in shares of Liberty Broadband by 12.5% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 3,591 shares of the company's stock valued at $227,000 after buying an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 10.29% of the company's stock.

Liberty Broadband Stock Performance

Shares of LBRDA stock opened at $54.07 on Monday. The stock has a market capitalization of $7.76 billion, a PE ratio of -2.89 and a beta of 0.95. Liberty Broadband Corporation has a 52-week low of $42.05 and a 52-week high of $102.38. The stock's 50-day moving average price is $50.05 and its 200 day moving average price is $53.04. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.14.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a "sell (d)" rating on shares of Liberty Broadband in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, Liberty Broadband currently has an average rating of "Hold" and an average target price of $115.00.

Insiders Place Their Bets

In related news, Director J David Wargo sold 2,232 shares of Liberty Broadband stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $57.61, for a total value of $128,585.52. Following the transaction, the director directly owned 471 shares in the company, valued at $27,134.31. This trade represents a 82.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 11.59% of the company's stock.

About Liberty Broadband

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.

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