Liberty Broadband (NASDAQ:LBRDA) Shares Gap Down – Should You Sell?

Liberty Broadband Co. (NASDAQ:LBRDA) gapped down before the market opened on Wednesday . The stock had previously closed at $96.75, but opened at $92.95. Liberty Broadband shares last traded at $91.51, with a volume of 65,897 shares.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft lowered their target price on Liberty Broadband from $104.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, August 16th. Rosenblatt Securities cut Liberty Broadband from a “buy” rating to a “neutral” rating and increased their target price for the stock from $91.00 to $92.00 in a research note on Thursday.

Liberty Broadband Trading Down 3.2 %

The company has a market cap of $12.76 billion, a price-to-earnings ratio of 16.38 and a beta of 1.04. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. The firm has a fifty day moving average price of $76.68 and a 200 day moving average price of $63.20.

Liberty Broadband (NASDAQ:LBRDA) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.66). The company had revenue of $262.00 million during the quarter, compared to analyst estimates of $242.40 million. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. During the same period in the previous year, the company posted $1.10 EPS.

Insider Activity at Liberty Broadband

In related news, CAO Brian J. Wendling sold 2,208 shares of the firm’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $75.84, for a total value of $167,454.72. Following the transaction, the chief accounting officer now owns 11,054 shares in the company, valued at approximately $838,335.36. This trade represents a 16.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Renee L. Wilm sold 4,423 shares of the firm’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $76.56, for a total value of $338,624.88. Following the completion of the transaction, the insider now owns 3,670 shares in the company, valued at $280,975.20. The trade was a 54.65 % decrease in their position. The disclosure for this sale can be found here. 14.19% of the stock is owned by company insiders.

Institutional Trading of Liberty Broadband

Several large investors have recently bought and sold shares of the business. Paloma Partners Management Co acquired a new stake in shares of Liberty Broadband during the third quarter valued at about $54,000. Verition Fund Management LLC acquired a new position in shares of Liberty Broadband in the third quarter worth approximately $6,402,000. Captrust Financial Advisors lifted its stake in shares of Liberty Broadband by 58.4% in the third quarter. Captrust Financial Advisors now owns 14,515 shares of the company’s stock worth $1,115,000 after acquiring an additional 5,353 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Liberty Broadband by 150.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,181 shares of the company’s stock worth $321,000 after acquiring an additional 2,511 shares during the period. Finally, Baupost Group LLC MA acquired a new position in shares of Liberty Broadband in the third quarter worth approximately $581,000. 10.29% of the stock is owned by institutional investors and hedge funds.

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. Its Charter segment offers subscription-based Internet and video services, and mobile and voice services; and state-of-the-art residential and business services, which includes Spectrum Internet, TV, mobile and voice for small and medium-sized companies; Spectrum Business provides a suite of broadband products and services for businesses and government application; Spectrum Enterprise offers customized fiber-based solutions; Spectrum Reach provides advertising and production for the modern media landscape.