Gamco Investors INC. ET AL reduced its holdings in shares of Liberty Broadband Co. (NASDAQ:LBRDK – Free Report) 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
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.
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