Liberty Broadband (NASDAQ:LBRDK) Shares Gap Down – Time to Sell?

Liberty Broadband Co. (NASDAQ:LBRDK)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $79.77, but opened at $75.13. Liberty Broadband shares last traded at $75.31, with a volume of 76,684 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Liberty Broadband in a report on Saturday. They set a “sell” rating for the company.

Liberty Broadband Trading Up 2.7 %

The company has a market cap of $10.95 billion, a P/E ratio of 14.12 and a beta of 1.04. 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 business has a fifty day moving average price of $79.13 and a 200-day moving average price of $74.56.

Liberty Broadband (NASDAQ:LBRDK) last posted its earnings results on Thursday, November 7th. The company reported $0.99 earnings per share 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 firm had revenue of $262.00 million for the quarter, compared to analyst estimates of $237.41 million. During the same period in the prior year, the business posted $1.10 EPS. On average, analysts forecast that Liberty Broadband Co. will post 7.71 earnings per share for the current year.

Insiders Place Their Bets

In other Liberty Broadband news, CEO Gregory B. Maffei sold 125,000 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $79.74, for a total value of $9,967,500.00. Following the transaction, the chief executive officer now directly owns 1,435,256 shares of the company’s stock, valued at $114,447,313.44. This trade represents a 8.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 196,542 shares of company stock worth $15,834,108 in the last quarter. Corporate insiders own 10.80% of the company’s stock.

Institutional Investors Weigh In On Liberty Broadband

Several institutional investors and hedge funds have recently added to or reduced their stakes in LBRDK. AQR Capital Management LLC acquired a new position in Liberty Broadband during the 2nd quarter worth approximately $326,000. GAMMA Investing LLC grew its position in Liberty Broadband by 200.7% during the 3rd quarter. GAMMA Investing LLC now owns 424 shares of the company’s stock worth $33,000 after acquiring an additional 283 shares during the last quarter. Gateway Investment Advisers LLC acquired a new position in Liberty Broadband in the 3rd quarter worth about $227,000. BlueDrive Global Investors LLP bought a new position in Liberty Broadband in the third quarter valued at about $6,251,000. Finally, Whittier Trust Co. grew its holdings in shares of Liberty Broadband by 36.5% during the third quarter. Whittier Trust Co. now owns 8,600 shares of the company’s stock worth $665,000 after purchasing an additional 2,300 shares during the last quarter. 80.22% of the stock is currently owned by institutional investors.

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.