Liberty Broadband (NASDAQ:LBRDK) Trading 3.2% Higher – What’s Next?

Liberty Broadband Co. (NASDAQ:LBRDK) shares traded up 3.2% during mid-day trading on Wednesday . The company traded as high as $89.03 and last traded at $89.03. 327,172 shares changed hands during trading, a decline of 67% from the average session volume of 991,943 shares. The stock had previously closed at $86.31.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Liberty Broadband in a research note on Friday, March 21st. They issued a “sell” rating for the company.

Liberty Broadband Stock Up 2.9 %

The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40. The firm has a 50 day moving average price of $80.58 and a two-hundred day moving average price of $79.81. The firm has a market capitalization of $12.73 billion, a price-to-earnings ratio of 16.38 and a beta of 1.06.

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

Hedge Funds Weigh In On Liberty Broadband

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LBRDK. Groupama Asset Managment acquired a new position in Liberty Broadband during the 3rd quarter worth $25,000. Quarry LP bought a new stake in Liberty Broadband in the third quarter valued at about $28,000. Smartleaf Asset Management LLC raised its stake in Liberty Broadband by 61.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 406 shares of the company’s stock valued at $30,000 after buying an additional 154 shares in the last quarter. Blue Trust Inc. lifted its holdings in Liberty Broadband by 134.3% during the 4th quarter. Blue Trust Inc. now owns 464 shares of the company’s stock worth $36,000 after buying an additional 266 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its position in shares of Liberty Broadband by 138.0% in the 4th quarter. Jones Financial Companies Lllp now owns 488 shares of the company’s stock worth $36,000 after acquiring an additional 283 shares in the last quarter. 80.22% of the stock is owned by hedge funds and other 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.