Liberty Broadband (NASDAQ:LBRDK) Now Covered by Analysts at StockNews.com

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

Liberty Broadband Trading Down 0.1 %

Shares of NASDAQ LBRDK opened at $75.85 on Thursday. Liberty Broadband has a fifty-two week low of $46.46 and a fifty-two week high of $101.50. The firm has a market capitalization of $10.84 billion, a P/E ratio of 13.97 and a beta of 1.04. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07. The company’s 50 day simple moving average is $82.33 and its 200 day simple moving average is $72.71.

Liberty Broadband (NASDAQ:LBRDK) last posted its quarterly 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 net margin of 78.07% and a return on equity of 8.45%. The company had revenue of $262.00 million during the quarter, compared to analyst estimates of $237.41 million. During the same period last year, the company earned $1.10 EPS. On average, analysts predict that Liberty Broadband will post 7.71 EPS for the current year.

Insider Activity

In related news, CEO Gregory B. Maffei sold 125,000 shares of the firm’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $79.74, for a total transaction of $9,967,500.00. Following the sale, the chief executive officer now owns 1,435,256 shares of the company’s stock, valued at approximately $114,447,313.44. This trade represents a 8.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders sold a total of 196,542 shares of company stock valued at $15,834,108 in the last ninety days. 10.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Liberty Broadband

A number of hedge funds have recently modified their holdings of LBRDK. Barclays PLC lifted its position in Liberty Broadband by 6.4% in the 3rd quarter. Barclays PLC now owns 6,899,331 shares of the company’s stock valued at $533,251,000 after acquiring an additional 415,496 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Liberty Broadband by 23.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 3,585,407 shares of the company’s stock valued at $268,045,000 after purchasing an additional 686,089 shares during the period. Whitebox Advisors LLC lifted its holdings in shares of Liberty Broadband by 29.5% in the second quarter. Whitebox Advisors LLC now owns 2,978,107 shares of the company’s stock valued at $163,260,000 after purchasing an additional 677,785 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Liberty Broadband by 19.1% during the second quarter. Dimensional Fund Advisors LP now owns 2,062,256 shares of the company’s stock worth $113,045,000 after buying an additional 330,159 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of Liberty Broadband by 1.6% during the third quarter. Geode Capital Management LLC now owns 2,014,571 shares of the company’s stock worth $155,736,000 after buying an additional 31,484 shares in the last quarter. Institutional investors and hedge funds 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.