Gamco Investors INC. ET AL decreased its position in shares of Liberty Broadband Co. (NASDAQ:LBRDK – Free Report) by 1.5% during the 2nd quarter, HoldingsChannel reports. 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’s holdings in Liberty Broadband were worth $14,220,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. grew its stake in shares of Liberty Broadband by 0.4% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 29,895 shares of the company’s stock valued at $2,395,000 after purchasing an additional 126 shares during the last quarter. Captrust Financial Advisors grew its stake in shares of Liberty Broadband by 3.3% in the 2nd quarter. Captrust Financial Advisors now owns 4,340 shares of the company’s stock valued at $502,000 after purchasing an additional 139 shares during the last quarter. Brown Brothers Harriman & Co. grew its stake in shares of Liberty Broadband by 3.4% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 4,869 shares of the company’s stock valued at $390,000 after purchasing an additional 159 shares during the last quarter. Tocqueville Asset Management L.P. grew its stake in shares of Liberty Broadband by 0.9% in the 1st quarter. Tocqueville Asset Management L.P. now owns 18,856 shares of the company’s stock valued at $1,541,000 after purchasing an additional 165 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its stake in shares of Liberty Broadband by 6.7% in the 1st quarter. First Horizon Advisors Inc. now owns 2,795 shares of the company’s stock valued at $228,000 after purchasing an additional 175 shares during the last quarter. Institutional investors and hedge funds own 77.27% of the company’s stock.
Analyst Upgrades and Downgrades
LBRDK has been the topic of several analyst reports. Citigroup lowered their target price on Liberty Broadband from $130.00 to $107.00 and set a “buy” rating on the stock in a research note on Wednesday, November 1st. Pivotal Research decreased their price target on Liberty Broadband from $138.00 to $129.00 in a research note on Monday, August 7th. StockNews.com upgraded Liberty Broadband from a “sell” rating to a “hold” rating in a research note on Wednesday, November 15th. Morgan Stanley lifted their price target on Liberty Broadband from $100.00 to $110.00 and gave the company an “equal weight” rating in a research note on Monday, July 24th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $144.00 price target on shares of Liberty Broadband in a research note on Tuesday, September 5th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $130.00.
Liberty Broadband Stock Performance
NASDAQ LBRDK opened at $84.35 on Tuesday. Liberty Broadband Co. has a fifty-two week low of $68.67 and a fifty-two week high of $96.88. The stock has a market cap of $12.32 billion, a price-to-earnings ratio of 18.58 and a beta of 1.16. The business has a fifty day moving average of $88.56 and a 200-day moving average of $84.89. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.44.
Liberty Broadband Company 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.
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