GAMMA Investing LLC Boosts Stake in Liberty Broadband Co. (NASDAQ:LBRDK)

GAMMA Investing LLC boosted its position in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 6,562.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,976 shares of the company's stock after purchasing 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 (SEC).

Several other institutional investors have also added to or reduced their stakes in LBRDK. Deutsche Bank AG raised its stake in shares of Liberty Broadband by 125.6% during the fourth quarter. Deutsche Bank AG now owns 3,060,143 shares of the company's stock valued at $228,776,000 after acquiring an additional 1,703,637 shares in the last quarter. Madison Investment Advisors LLC bought a new stake in shares of Liberty Broadband during the fourth quarter valued at approximately $122,714,000. Norges Bank bought a new stake in shares of Liberty Broadband during the fourth quarter valued at approximately $100,845,000. Adage Capital Partners GP L.L.C. raised its stake in shares of Liberty Broadband by 425.3% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 1,231,136 shares of the company's stock valued at $92,040,000 after acquiring an additional 996,764 shares in the last quarter. Finally, Pentwater Capital Management LP raised its stake in shares of Liberty Broadband by 454.0% during the fourth quarter. Pentwater Capital Management LP now owns 1,108,000 shares of the company's stock valued at $82,834,000 after acquiring an additional 908,000 shares in the last quarter. Institutional investors own 80.22% of the company's stock.

Liberty Broadband Price Performance

Shares of Liberty Broadband stock traded down $1.80 during trading hours on Friday, reaching $92.23. The stock had a trading volume of 1,789,294 shares, compared to its average volume of 1,015,769. The stock's 50 day moving average is $89.37 and its 200 day moving average is $83.46. The firm has a market capitalization of $13.22 billion, a PE ratio of 16.99 and a beta of 1.00. Liberty Broadband Co. has a twelve month low of $49.38 and a twelve month high of $104.00. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40.

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

Analyst Ratings Changes

Separately, Wall Street Zen started coverage on shares of Liberty Broadband in a research note on Friday, May 16th. They issued a "sell" rating for the company.

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.