GAMMA Investing LLC Has $3.06 Million Stock Holdings in Liberty Broadband Co. (NASDAQ:LBRDK)

GAMMA Investing LLC lifted its stake in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 6,562.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,976 shares of the company's stock after acquiring an additional 35,436 shares during the period. GAMMA Investing LLC's holdings in Liberty Broadband were worth $3,060,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Versant Capital Management Inc grew its stake in Liberty Broadband by 171.6% in the first quarter. Versant Capital Management Inc now owns 1,657 shares of the company's stock valued at $141,000 after purchasing an additional 1,047 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Liberty Broadband by 3.6% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 12,908 shares of the company's stock valued at $965,000 after purchasing an additional 453 shares in the last quarter. Forum Financial Management LP increased its position in Liberty Broadband by 32.4% in the 4th quarter. Forum Financial Management LP now owns 3,678 shares of the company's stock worth $275,000 after buying an additional 901 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Liberty Broadband by 16.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 331,555 shares of the company's stock worth $24,787,000 after buying an additional 47,667 shares during the period. Finally, Voloridge Investment Management LLC bought a new position in Liberty Broadband in the 4th quarter worth approximately $4,991,000. 80.22% of the stock is owned by institutional investors and hedge funds.

Liberty Broadband Stock Performance

Shares of LBRDK traded down $1.80 on Friday, reaching $92.23. 1,789,294 shares of the stock traded hands, compared to its average volume of 1,014,705. The stock's 50-day moving average price is $89.37 and its 200-day moving average price is $83.46. Liberty Broadband Co. has a 12 month low of $49.38 and a 12 month high of $104.00. The firm has a market cap of $13.22 billion, a price-to-earnings ratio of 16.99 and a beta of 1.00. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $1.87 earnings per share for the quarter. The firm had revenue of $256.00 million for the quarter. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. Equities analysts forecast that Liberty Broadband Co. will post 7.71 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Wall Street Zen started coverage on Liberty Broadband in a research report on Friday, May 16th. They issued a "sell" rating on the stock.

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.