Liberty Broadband (NASDAQ:LBRDK) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Liberty Broadband (NASDAQ:LBRDK) in a research note issued to investors on Thursday morning. The firm issued a sell rating on the stock.

Separately, Rosenblatt Securities upped their price target on shares of Liberty Broadband from $80.00 to $91.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th.

Liberty Broadband Price Performance

Shares of LBRDK stock opened at $86.90 on Thursday. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07. The company has a market capitalization of $12.41 billion, a P/E ratio of 15.93 and a beta of 1.02. The company’s 50-day simple moving average is $80.65 and its two-hundred day simple moving average is $65.12. Liberty Broadband has a one year low of $46.46 and a one year high of $101.50.

Liberty Broadband (NASDAQ:LBRDK) last issued its earnings results on Thursday, November 7th. The company reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $2.68 by ($1.69). Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. The company had revenue of $262.00 million during the quarter, compared to the consensus estimate of $237.41 million. During the same quarter in the prior year, the company earned $1.10 earnings per share. As a group, equities analysts anticipate that Liberty Broadband will post 6.72 EPS for the current year.

Insiders Place Their Bets

In other news, CAO Brian J. Wendling sold 2,208 shares of the stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $75.84, for a total value of $167,454.72. Following the sale, the chief accounting officer now owns 11,054 shares in the company, valued at $838,335.36. This represents a 16.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Renee L. Wilm sold 4,423 shares of the stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $76.56, for a total transaction of $338,624.88. Following the completion of the sale, the insider now owns 3,670 shares in the company, valued at $280,975.20. The trade was a 54.65 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 10.80% of the company’s stock.

Institutional Trading of Liberty Broadband

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Versant Capital Management Inc lifted its holdings in Liberty Broadband by 4,888.9% during the second quarter. Versant Capital Management Inc now owns 449 shares of the company’s stock valued at $25,000 after purchasing an additional 440 shares in the last quarter. Groupama Asset Managment purchased a new position in Liberty Broadband during the third quarter valued at $25,000. Quarry LP purchased a new position in Liberty Broadband during the third quarter valued at $28,000. GAMMA Investing LLC lifted its holdings in Liberty Broadband by 200.7% during the third quarter. GAMMA Investing LLC now owns 424 shares of the company’s stock valued at $33,000 after purchasing an additional 283 shares in the last quarter. Finally, Capital Advisors Ltd. LLC lifted its holdings in Liberty Broadband by 75.8% during the third quarter. Capital Advisors Ltd. LLC now owns 443 shares of the company’s stock valued at $34,000 after purchasing an additional 191 shares in the last quarter. Institutional investors and hedge funds own 80.22% of the company’s stock.

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.