Gavilan Investment Partners LLC Has $13.16 Million Holdings in Liberty Broadband Co. (NASDAQ:LBRDA)

Gavilan Investment Partners LLC increased its position in Liberty Broadband Co. (NASDAQ:LBRDA) by 1.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 177,000 shares of the company’s stock after purchasing an additional 2,000 shares during the period. Liberty Broadband comprises about 3.7% of Gavilan Investment Partners LLC’s investment portfolio, making the stock its 13th biggest holding. Gavilan Investment Partners LLC owned 0.12% of Liberty Broadband worth $13,162,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new position in shares of Liberty Broadband in the 3rd quarter valued at about $1,815,000. Barclays PLC grew its holdings in shares of Liberty Broadband by 244.6% during the 3rd quarter. Barclays PLC now owns 4,887 shares of the company’s stock valued at $375,000 after acquiring an additional 3,469 shares in the last quarter. Stifel Financial Corp acquired a new position in shares of Liberty Broadband in the third quarter worth $1,235,000. Seizert Capital Partners LLC boosted its position in Liberty Broadband by 7.5% during the fourth quarter. Seizert Capital Partners LLC now owns 423,895 shares of the company’s stock valued at $31,521,000 after purchasing an additional 29,477 shares during the last quarter. Finally, Moran Wealth Management LLC purchased a new position in Liberty Broadband in the fourth quarter valued at about $2,447,000. 10.29% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Broadband Stock Down 8.9 %

LBRDA stock opened at $76.10 on Friday. The firm has a market cap of $10.90 billion, a PE ratio of 14.01 and a beta of 1.03. Liberty Broadband Co. has a 1 year low of $47.17 and a 1 year high of $100.44. The company has a fifty day simple moving average of $81.22 and a 200 day simple moving average of $80.43. 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:LBRDA) last announced its quarterly earnings results on Thursday, February 27th. The company reported $2.04 earnings per share for the quarter, topping analysts’ consensus estimates of $1.73 by $0.31. The company had revenue of $263.00 million during the quarter, compared to analysts’ expectations of $252.50 million. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%.

Analyst Upgrades and Downgrades

Separately, Benchmark cut their price target on Liberty Broadband from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Monday, March 31st. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $86.20.

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. 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.