Liberty Broadband Corp Series C (NASDAQ:LBRDK) Stake Decreased by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL lessened its holdings in shares of Liberty Broadband Corp Series C (NASDAQ:LBRDK) by 6.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 311,632 shares of the company’s stock after selling 22,462 shares during the period. Gamco Investors INC. ET AL owned 0.17% of Liberty Broadband Corp Series C worth $32,478,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Raymond James & Associates lifted its position in Liberty Broadband Corp Series C by 14.4% during the 1st quarter. Raymond James & Associates now owns 314,962 shares of the company’s stock worth $28,895,000 after acquiring an additional 39,721 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its position in Liberty Broadband Corp Series C by 4.0% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 403,250 shares of the company’s stock worth $42,027,000 after acquiring an additional 15,458 shares during the last quarter. Great West Life Assurance Co. Can lifted its position in Liberty Broadband Corp Series C by 0.4% during the 1st quarter. Great West Life Assurance Co. Can now owns 49,515 shares of the company’s stock worth $4,528,000 after acquiring an additional 192 shares during the last quarter. DNB Asset Management AS lifted its position in Liberty Broadband Corp Series C by 2.4% during the 2nd quarter. DNB Asset Management AS now owns 10,991 shares of the company’s stock worth $1,145,000 after acquiring an additional 255 shares during the last quarter. Finally, Norman Fields Gottscho Capital Management LLC lifted its position in Liberty Broadband Corp Series C by 1.3% during the 2nd quarter. Norman Fields Gottscho Capital Management LLC now owns 9,995 shares of the company’s stock worth $1,042,000 after acquiring an additional 130 shares during the last quarter. 54.78% of the stock is currently owned by institutional investors.

A number of research analysts have weighed in on LBRDK shares. Zacks Investment Research lowered shares of Liberty Broadband Corp Series C from a “hold” rating to a “sell” rating in a research report on Saturday, July 20th. BidaskClub lowered shares of Liberty Broadband Corp Series C from a “buy” rating to a “hold” rating in a research report on Tuesday, July 23rd. TD Securities raised shares of Liberty Broadband Corp Series C from a “hold” rating to a “buy” rating and set a $125.00 price objective for the company in a research report on Friday, August 9th. Morgan Stanley upped their price objective on shares of Liberty Broadband Corp Series C from $110.00 to $117.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 17th. Finally, ValuEngine lowered shares of Liberty Broadband Corp Series C from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. Liberty Broadband Corp Series C has a consensus rating of “Hold” and an average price target of $117.33.

Shares of LBRDK traded up $1.32 during trading hours on Monday, reaching $101.26. 5,558 shares of the company traded hands, compared to its average volume of 507,524. The stock’s fifty day moving average is $103.44 and its 200 day moving average is $97.18. The stock has a market cap of $17.95 billion, a P/E ratio of 266.42 and a beta of 1.28. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.53 and a current ratio of 2.53. Liberty Broadband Corp Series C has a 1-year low of $68.47 and a 1-year high of $108.79.

About Liberty Broadband Corp Series C

Liberty Broadband Corporation, a cable operator, provides video, Internet, and voice services to residential, and small and medium business customers in the United States. The company operates through Skyhook and Charter segments. The Skyhook segment offers Precision Location Solution, a location determination service for mobile device makers, wireless carriers, and asset tracking platforms to understand the precise geographic location and movement of mobile devices, as well as for enhancing the location determination capabilities of a hybrid location system.

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Institutional Ownership by Quarter for Liberty Broadband Corp Series C (NASDAQ:LBRDK)

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