Gamco Investors INC. ET AL Sells 2,654 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

Gamco Investors INC. ET AL reduced its holdings in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 1.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 177,503 shares of the company’s stock after selling 2,654 shares during the quarter. Gamco Investors INC. ET AL owned about 0.12% of Liberty Broadband worth $14,220,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Liberty Broadband by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 12,706,439 shares of the company’s stock valued at $1,719,435,000 after buying an additional 48,029 shares in the last quarter. UBS Group AG lifted its stake in shares of Liberty Broadband by 73.6% during the 1st quarter. UBS Group AG now owns 4,724,260 shares of the company’s stock valued at $385,972,000 after buying an additional 2,002,184 shares in the last quarter. Dorsal Capital Management LLC lifted its stake in Liberty Broadband by 108.3% in the 4th quarter. Dorsal Capital Management LLC now owns 2,500,000 shares of the company’s stock worth $190,675,000 after purchasing an additional 1,300,000 shares in the last quarter. Stockbridge Partners LLC lifted its stake in Liberty Broadband by 5.8% in the 4th quarter. Stockbridge Partners LLC now owns 2,333,889 shares of the company’s stock worth $178,006,000 after purchasing an additional 128,452 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in Liberty Broadband by 10.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,764,592 shares of the company’s stock worth $238,784,000 after purchasing an additional 165,765 shares in the last quarter. 77.27% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Broadband Price Performance

Shares of NASDAQ:LBRDK opened at $84.35 on Tuesday. The company’s fifty day moving average price is $88.56 and its 200-day moving average price is $84.89. The firm has a market capitalization of $12.32 billion, a price-to-earnings ratio of 18.58 and a beta of 1.16. Liberty Broadband Co. has a one year low of $68.67 and a one year high of $96.88. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.88 and a quick ratio of 1.88.

Wall Street Analysts Forecast Growth

LBRDK has been the topic of several recent analyst reports. Pivotal Research lowered their target price on shares of Liberty Broadband from $138.00 to $129.00 in a research note on Monday, August 7th. Morgan Stanley increased their target price on shares of Liberty Broadband from $100.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Monday, July 24th. StockNews.com upgraded shares of Liberty Broadband from a “sell” rating to a “hold” rating in a research note on Wednesday, November 15th. Citigroup lowered their target price on shares of Liberty Broadband from $130.00 to $107.00 and set a “buy” rating on the stock in a research note on Wednesday, November 1st. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $144.00 price target on shares of Liberty Broadband in a report on Tuesday, September 5th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Liberty Broadband presently has an average rating of “Moderate Buy” and an average target price of $130.00.

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.