GAMMA Investing LLC Increases Stock Position in Liberty Broadband Co. (NASDAQ:LBRDA)

GAMMA Investing LLC lifted its position in Liberty Broadband Co. (NASDAQ:LBRDA - Free Report) by 7,207.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 48,960 shares of the company's stock after buying an additional 48,290 shares during the period. GAMMA Investing LLC's holdings in Liberty Broadband were worth $4,162,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Farther Finance Advisors LLC increased its holdings in Liberty Broadband by 891.9% during the fourth quarter. Farther Finance Advisors LLC now owns 367 shares of the company's stock valued at $27,000 after buying an additional 330 shares during the last quarter. Sterling Capital Management LLC boosted its stake in shares of Liberty Broadband by 48.2% during the 4th quarter. Sterling Capital Management LLC now owns 815 shares of the company's stock worth $61,000 after acquiring an additional 265 shares during the last quarter. AlphaQuest LLC grew its position in shares of Liberty Broadband by 4,115.0% during the 4th quarter. AlphaQuest LLC now owns 843 shares of the company's stock valued at $63,000 after acquiring an additional 823 shares during the period. Lazard Asset Management LLC increased its stake in shares of Liberty Broadband by 8,480.0% in the 4th quarter. Lazard Asset Management LLC now owns 2,145 shares of the company's stock worth $159,000 after purchasing an additional 2,120 shares in the last quarter. Finally, CIBC Private Wealth Group LLC raised its holdings in Liberty Broadband by 79.7% in the 4th quarter. CIBC Private Wealth Group LLC now owns 2,471 shares of the company's stock worth $187,000 after purchasing an additional 1,096 shares during the period. Institutional investors own 10.29% of the company's stock.

Liberty Broadband Price Performance

NASDAQ:LBRDA traded down $0.10 during trading hours on Thursday, hitting $93.71. 31,455 shares of the stock traded hands, compared to its average volume of 160,429. The company has a market cap of $13.43 billion, a price-to-earnings ratio of 17.26 and a beta of 0.99. Liberty Broadband Co. has a 1 year low of $49.68 and a 1 year high of $102.38. The stock has a 50 day moving average price of $87.61 and a 200 day moving average price of $82.60. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40.

Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $1.87 earnings per share for the quarter, beating analysts' consensus estimates of $1.20 by $0.67. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The company had revenue of $266.00 million for the quarter, compared to analysts' expectations of $248.60 million.

Analyst Ratings Changes

Separately, Benchmark cut their price target on Liberty Broadband from $130.00 to $115.00 and set a "buy" rating for the company in a report on Monday, March 31st. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $86.20.

Liberty Broadband Profile

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. Its Charter segment offers subscription-based Internet and video services, and mobile and voice services; and state-of-the-art residential and business services, which includes Spectrum Internet, TV, mobile and voice for small and medium-sized companies; Spectrum Business provides a suite of broadband products and services for businesses and government application; Spectrum Enterprise offers customized fiber-based solutions; Spectrum Reach provides advertising and production for the modern media landscape.