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 morning. The brokerage issued a sell rating on the stock.

Liberty Broadband Price Performance

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

Liberty Broadband (NASDAQ:LBRDK) last released its quarterly earnings data 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 for the quarter, compared to analyst estimates of $237.41 million. During the same period in the previous year, the firm posted $1.10 earnings per share. As a group, research analysts expect that Liberty Broadband will post 7.71 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Gregory B. Maffei sold 125,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The stock was 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. The trade was a 8.01 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 196,542 shares of company stock worth $15,834,108 over the last three months. 10.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Liberty Broadband

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Barclays PLC increased 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. Hi Line Capital Management LLC grew its stake in shares of Liberty Broadband by 498.4% during the third quarter. Hi Line Capital Management LLC now owns 141,056 shares of the company’s stock valued at $10,902,000 after purchasing an additional 117,483 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of Liberty Broadband by 172.6% in the second quarter. Bank of Montreal Can now owns 258,212 shares of the company’s stock valued at $14,173,000 after purchasing an additional 163,502 shares in the last quarter. Sequoia Financial Advisors LLC bought a new position in Liberty Broadband in the 3rd quarter worth approximately $861,000. Finally, Commonwealth Equity Services LLC acquired a new position in Liberty Broadband during the 2nd quarter worth $602,000. 80.22% of the stock is owned by institutional investors and hedge funds.

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.