Liberty Broadband Co. (NASDAQ:LBRDA) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC grew its stake in Liberty Broadband Co. (NASDAQ:LBRDA - Free Report) by 7,207.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 48,960 shares of the company's stock after acquiring an additional 48,290 shares during the quarter. GAMMA Investing LLC's holdings in Liberty Broadband were worth $4,162,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of LBRDA. PAX Financial Group LLC boosted its holdings in Liberty Broadband by 1.1% during the 4th quarter. PAX Financial Group LLC now owns 13,799 shares of the company's stock valued at $1,026,000 after acquiring an additional 144 shares during the period. M&T Bank Corp lifted its stake in Liberty Broadband by 3.6% during the fourth quarter. M&T Bank Corp now owns 4,562 shares of the company's stock worth $339,000 after purchasing an additional 158 shares during the last quarter. Stifel Financial Corp increased its position in Liberty Broadband by 1.4% during the fourth quarter. Stifel Financial Corp now owns 16,307 shares of the company's stock worth $1,213,000 after buying an additional 230 shares during the period. Gamco Investors INC. ET AL increased its position in Liberty Broadband by 0.5% during the fourth quarter. Gamco Investors INC. ET AL now owns 43,407 shares of the company's stock worth $3,228,000 after buying an additional 232 shares during the period. Finally, Sterling Capital Management LLC increased its position in Liberty Broadband by 48.2% during the fourth quarter. Sterling Capital Management LLC now owns 815 shares of the company's stock worth $61,000 after buying an additional 265 shares during the period. 10.29% of the stock is owned by institutional investors and hedge funds.

Liberty Broadband Trading Down 2.0%

Liberty Broadband stock traded down $1.84 during trading on Friday, hitting $91.29. The company's stock had a trading volume of 109,987 shares, compared to its average volume of 161,120. The stock has a market capitalization of $13.08 billion, a price-to-earnings ratio of 16.81 and a beta of 0.99. The stock's fifty day moving average is $88.36 and its 200 day moving average is $82.70. Liberty Broadband Co. has a 1-year low of $49.68 and a 1-year high of $102.38. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07.

Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $1.87 EPS for the quarter, topping the consensus estimate of $1.20 by $0.67. The company had revenue of $266.00 million during the quarter, compared to analyst estimates of $248.60 million. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%.

Wall Street Analyst Weigh In

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

Liberty Broadband Company 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.