Liberty Broadband Co. (NASDAQ:LBRDK) Short Interest Up 46.6% in February

Liberty Broadband Co. (NASDAQ:LBRDK) was the target of a large growth in short interest in February. As of February 28th, there was short interest totalling 4,120,000 shares, a growth of 46.6% from the February 13th total of 2,810,000 shares. Based on an average daily volume of 901,400 shares, the short-interest ratio is currently 4.6 days. Approximately 3.6% of the shares of the stock are short sold.

Liberty Broadband Stock Up 2.9 %

Shares of NASDAQ LBRDK traded up $2.29 on Friday, reaching $81.38. 548,227 shares of the company’s stock traded hands, compared to its average volume of 869,394. 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’s 50 day simple moving average is $79.45 and its two-hundred day simple moving average is $78.63. Liberty Broadband has a 12 month low of $46.46 and a 12 month high of $101.50. The company has a market cap of $11.66 billion, a price-to-earnings ratio of 14.99 and a beta of 1.06.

Liberty Broadband (NASDAQ:LBRDK) last released its quarterly earnings data on Thursday, February 27th. The company reported $2.04 earnings per share for the quarter, missing analysts’ consensus estimates of $3.67 by ($1.63). The firm had revenue of $253.00 million for the quarter, compared to the consensus estimate of $252.50 million. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. As a group, equities research analysts forecast that Liberty Broadband will post 7.71 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Gregory B. Maffei sold 71,500 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $82.00, for a total value of $5,863,000.00. Following the completion of the transaction, the chief executive officer now directly owns 2,827,013 shares in the company, valued at approximately $231,815,066. This represents a 2.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 10.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Liberty Broadband

Several large investors have recently bought and sold shares of the business. Groupama Asset Managment purchased a new stake in Liberty Broadband during the 3rd quarter valued at $25,000. Quarry LP bought a new position in Liberty Broadband in the third quarter valued at about $28,000. Smartleaf Asset Management LLC boosted its position in Liberty Broadband by 61.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 406 shares of the company’s stock worth $30,000 after purchasing an additional 154 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Liberty Broadband by 134.3% during the 4th quarter. Blue Trust Inc. now owns 464 shares of the company’s stock valued at $36,000 after purchasing an additional 266 shares during the period. Finally, Jones Financial Companies Lllp increased its position in shares of Liberty Broadband by 138.0% during the 4th quarter. Jones Financial Companies Lllp now owns 488 shares of the company’s stock valued at $36,000 after purchasing an additional 283 shares during the last quarter. 80.22% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

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.