Liberty Broadband Co. (NASDAQ:LBRDA) Stake Boosted by Gavilan Investment Partners LLC

Gavilan Investment Partners LLC lifted its position in Liberty Broadband Co. (NASDAQ:LBRDA - Free Report) by 40.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 227,500 shares of the company's stock after acquiring an additional 65,500 shares during the period. Liberty Broadband accounts for approximately 6.8% of Gavilan Investment Partners LLC's investment portfolio, making the stock its 8th biggest holding. Gavilan Investment Partners LLC owned about 0.16% of Liberty Broadband worth $18,346,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in LBRDA. Bank of New York Mellon Corp boosted its holdings in Liberty Broadband by 3.2% in the third quarter. Bank of New York Mellon Corp now owns 54,112 shares of the company's stock valued at $4,919,000 after purchasing an additional 1,678 shares during the last quarter. Strs Ohio purchased a new stake in Liberty Broadband in the third quarter valued at $1,607,000. Signaturefd LLC boosted its holdings in Liberty Broadband by 32.1% in the third quarter. Signaturefd LLC now owns 1,580 shares of the company's stock valued at $144,000 after purchasing an additional 384 shares during the last quarter. Victory Capital Management Inc. purchased a new stake in shares of Liberty Broadband during the 3rd quarter worth about $573,000. Finally, Seizert Capital Partners LLC boosted its stake in shares of Liberty Broadband by 2.0% during the 3rd quarter. Seizert Capital Partners LLC now owns 401,132 shares of the company's stock worth $36,467,000 after acquiring an additional 7,824 shares in the last quarter. 10.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Liberty Broadband

In other Liberty Broadband news, Director J David Wargo sold 9,000 shares of the company's stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $56.80, for a total value of $511,200.00. Following the transaction, the director now owns 97,332 shares of the company's stock, valued at $5,528,457.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Over the last three months, insiders have sold 45,000 shares of company stock worth $2,435,830. Insiders own 19.65% of the company's stock.

Liberty Broadband Price Performance

Shares of LBRDA stock traded down $0.48 during mid-day trading on Tuesday, hitting $52.40. 104,538 shares of the stock were exchanged, compared to its average volume of 145,853. The company has a market cap of $7.49 billion, a PE ratio of 11.22, a price-to-earnings-growth ratio of 0.11 and a beta of 0.99. Liberty Broadband Co. has a 52-week low of $47.17 and a 52-week high of $95.61. The firm has a fifty day moving average of $53.92 and a 200 day moving average of $68.63. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 0.42.

Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last released its quarterly earnings data on Friday, February 16th. The company reported $1.39 EPS for the quarter. The company had revenue of $250.00 million during the quarter, compared to the consensus estimate of $250.00 million. Liberty Broadband had a net margin of 70.13% and a return on equity of 7.76%. Research analysts anticipate that Liberty Broadband Co. will post 12.03 earnings per share for the current year.

About Liberty Broadband

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.