Liberty Broadband (NASDAQ:LBRDK) Earns Sell Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Liberty Broadband (NASDAQ:LBRDK) in a research note released on Friday. The brokerage issued a sell rating on the stock.

Liberty Broadband Stock Up 2.3 %

Shares of NASDAQ LBRDK opened at $81.19 on Friday. Liberty Broadband has a 52 week low of $46.46 and a 52 week high of $101.50. The stock has a market capitalization of $11.60 billion, a price-to-earnings ratio of 14.95 and a beta of 1.04. The firm has a 50-day moving average price of $79.97 and a 200 day moving average price of $73.87. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40.

Liberty Broadband (NASDAQ:LBRDK) last announced 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 net margin of 78.07% and a return on equity of 8.45%. The firm had revenue of $262.00 million during the quarter, compared to analyst estimates of $237.41 million. During the same period in the previous year, the firm posted $1.10 EPS. Equities research analysts anticipate that Liberty Broadband will post 7.71 EPS for the current fiscal year.

Insider Transactions at Liberty Broadband

In other Liberty Broadband news, CEO Gregory B. Maffei sold 71,500 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $82.00, for a total transaction of $5,863,000.00. Following the transaction, the chief executive officer now directly owns 2,827,013 shares in the company, valued at $231,815,066. This represents a 2.47 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In the last quarter, insiders sold 196,542 shares of company stock worth $15,834,108. 10.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of LBRDK. American Century Companies Inc. grew its holdings in Liberty Broadband by 2.9% in the 2nd quarter. American Century Companies Inc. now owns 29,050 shares of the company’s stock worth $1,593,000 after buying an additional 829 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Liberty Broadband by 11.9% in the second quarter. Envestnet Asset Management Inc. now owns 147,010 shares of the company’s stock valued at $8,059,000 after purchasing an additional 15,584 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in Liberty Broadband by 75.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,962 shares of the company’s stock worth $594,000 after buying an additional 4,703 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of Liberty Broadband by 172.6% in the 2nd 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. Finally, AQR Capital Management LLC acquired a new position in Liberty Broadband during the second quarter worth $326,000. 80.22% of the stock is currently owned by institutional investors.

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.