Gabelli Funds LLC Increases Position in Liberty Broadband Co. (NASDAQ:LBRDK)

Gabelli Funds LLC raised its position in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 12.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 238,983 shares of the company's stock after purchasing an additional 26,320 shares during the period. Gabelli Funds LLC owned 0.17% of Liberty Broadband worth $17,866,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Smartleaf Asset Management LLC boosted its holdings in shares of Liberty Broadband by 61.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 406 shares of the company's stock valued at $30,000 after buying an additional 154 shares in the last quarter. Blue Trust Inc. lifted its position in Liberty Broadband by 134.3% in the fourth quarter. Blue Trust Inc. now owns 464 shares of the company's stock valued at $36,000 after acquiring an additional 266 shares during the last quarter. Lee Danner & Bass Inc. acquired a new position in Liberty Broadband in the fourth quarter valued at $36,000. Jones Financial Companies Lllp grew its holdings in shares of Liberty Broadband by 138.0% during the fourth quarter. Jones Financial Companies Lllp now owns 488 shares of the company's stock worth $36,000 after purchasing an additional 283 shares during the last quarter. Finally, R Squared Ltd purchased a new position in shares of Liberty Broadband during the fourth quarter worth about $37,000. 80.22% of the stock is currently owned by institutional investors and hedge funds.

Liberty Broadband Stock Performance

Liberty Broadband stock traded down $2.67 during mid-day trading on Monday, reaching $75.55. 113,137 shares of the company were exchanged, compared to its average volume of 1,041,492. The firm has a market cap of $10.82 billion, a PE ratio of 13.91 and a beta of 1.03. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. The firm's 50-day simple moving average is $81.68 and its two-hundred day simple moving average is $81.50. Liberty Broadband Co. has a twelve month low of $46.46 and a twelve month high of $101.50.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The company reported $2.04 earnings per share for the quarter, missing analysts' consensus estimates of $3.67 by ($1.63). The firm had revenue of $253.00 million during the quarter, compared to analysts' expectations of $252.50 million. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. Equities analysts predict that Liberty Broadband Co. will post 7.71 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Liberty Broadband in a research note on Monday, April 14th. They set 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.