Liberty Broadband Co. (NASDAQ:LBRDK) Short Interest Down 18.0% in November

Liberty Broadband Co. (NASDAQ:LBRDK) was the recipient of a significant decrease in short interest in November. As of November 30th, there was short interest totalling 3,420,000 shares, a decrease of 18.0% from the November 15th total of 4,170,000 shares. Currently, 3.0% of the shares of the company are short sold. Based on an average daily volume of 1,320,000 shares, the days-to-cover ratio is currently 2.6 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Liberty Broadband in a report on Sunday. They issued a “sell” rating on the stock.

Liberty Broadband Stock Performance

LBRDK traded down $0.93 during midday trading on Friday, reaching $82.38. The company had a trading volume of 920,065 shares, compared to its average volume of 1,194,450. Liberty Broadband has a 1 year low of $46.46 and a 1 year high of $101.50. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. The company has a market cap of $11.77 billion, a P/E ratio of 15.17 and a beta of 1.02. The business has a 50-day moving average of $85.11 and a two-hundred day moving average of $68.77.

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

Insider Activity

In related news, CAO Brian J. Wendling sold 2,208 shares of Liberty Broadband stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $75.84, for a total value of $167,454.72. Following the completion of the sale, the chief accounting officer now owns 11,054 shares of the company’s stock, valued at $838,335.36. The trade was a 16.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Renee L. Wilm sold 4,423 shares of the stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $76.56, for a total value of $338,624.88. Following the completion of the transaction, the insider now directly owns 3,670 shares in the company, valued at approximately $280,975.20. This represents a 54.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,673 shares of company stock valued at $509,688 over the last ninety days. 10.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Liberty Broadband

Institutional investors and hedge funds have recently modified their holdings of the stock. Hi Line Capital Management LLC raised its holdings in shares of Liberty Broadband by 498.4% during the 3rd quarter. Hi Line Capital Management LLC now owns 141,056 shares of the company’s stock worth $10,902,000 after acquiring an additional 117,483 shares in the last quarter. Barclays PLC raised its stake in Liberty Broadband by 6.4% during the third quarter. Barclays PLC now owns 6,899,331 shares of the company’s stock valued at $533,251,000 after purchasing an additional 415,496 shares in the last quarter. Bank of Montreal Can lifted its position in Liberty Broadband by 172.6% during the second quarter. Bank of Montreal Can now owns 258,212 shares of the company’s stock valued at $14,173,000 after purchasing an additional 163,502 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new position in shares of Liberty Broadband in the 3rd quarter worth $861,000. Finally, Commonwealth Equity Services LLC purchased a new position in shares of Liberty Broadband in the 2nd quarter worth $602,000. Institutional investors 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.