Liberty Broadband (NASDAQ:LBRDA) Stock Crosses Above 50-Day Moving Average – Here’s What Happened

Shares of Liberty Broadband Co. (NASDAQ:LBRDA) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $77.25 and traded as high as $80.86. Liberty Broadband shares last traded at $80.38, with a volume of 46,907 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms have recently commented on LBRDA. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $95.00 price target (up previously from $90.00) on shares of Liberty Broadband in a research report on Friday, November 15th. Rosenblatt Securities lowered shares of Liberty Broadband from a “buy” rating to a “neutral” rating and lifted their price target for the company from $91.00 to $92.00 in a research report on Thursday, November 14th.

Liberty Broadband Price Performance

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 company’s fifty day moving average is $77.05 and its two-hundred day moving average is $75.18. The stock has a market cap of $11.54 billion, a price-to-earnings ratio of 14.87 and a beta of 1.07.

Insider Activity at Liberty Broadband

In other Liberty Broadband news, CEO Gregory B. Maffei sold 125,000 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $79.74, for a total value of $9,967,500.00. Following the completion of the transaction, the chief executive officer now owns 1,435,256 shares in the company, valued at $114,447,313.44. The trade was a 8.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last quarter, insiders sold 196,542 shares of company stock worth $15,834,108. Insiders own 14.19% of the company’s stock.

Hedge Funds Weigh In On Liberty Broadband

Institutional investors have recently modified their holdings of the business. Farther Finance Advisors LLC grew its stake in shares of Liberty Broadband by 891.9% in the fourth quarter. Farther Finance Advisors LLC now owns 367 shares of the company’s stock worth $27,000 after acquiring an additional 330 shares in the last quarter. Franklin Resources Inc. acquired a new position in shares of Liberty Broadband during the third quarter worth $30,000. GAMMA Investing LLC grew its stake in shares of Liberty Broadband by 161.8% during the third quarter. GAMMA Investing LLC now owns 631 shares of the company’s stock worth $48,000 after purchasing an additional 390 shares in the last quarter. Paloma Partners Management Co acquired a new position in shares of Liberty Broadband during the third quarter worth $54,000. Finally, Sterling Capital Management LLC grew its stake in shares of Liberty Broadband by 48.2% during the fourth quarter. Sterling Capital Management LLC now owns 815 shares of the company’s stock worth $61,000 after purchasing an additional 265 shares in the last quarter. Institutional investors and hedge funds own 10.29% of the company’s 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. 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.