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

StockNews.com initiated coverage on shares of Liberty Broadband (NASDAQ:LBRDK) in a note issued to investors on Tuesday. The brokerage set a “sell” rating on the stock.

Liberty Broadband Trading Up 0.1 %

Shares of LBRDK stock opened at $74.76 on Tuesday. Liberty Broadband has a 52-week low of $46.46 and a 52-week high of $101.50. The company has a 50-day simple moving average of $84.46 and a two-hundred day simple moving average of $71.05. 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 company has a market capitalization of $10.68 billion, a price-to-earnings ratio of 13.77 and a beta of 1.02.

Liberty Broadband (NASDAQ:LBRDK) last released its earnings results on Thursday, November 7th. The company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.68 by ($1.69). The business had revenue of $262.00 million during the quarter, compared to the consensus estimate of $237.41 million. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. During the same period in the prior year, the company earned $1.10 earnings per share. Research analysts anticipate that Liberty Broadband will post 6.72 EPS for the current fiscal year.

Insider Transactions at Liberty Broadband

In related news, CEO Gregory B. Maffei sold 125,000 shares of the company’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 owns 1,435,256 shares in the company, valued at approximately $114,447,313.44. This represents a 8.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 196,542 shares of company stock worth $15,834,108 in the last ninety days. Company insiders own 10.80% of the company’s stock.

Institutional Trading of Liberty Broadband

Several hedge funds have recently made changes to their positions in the company. Groupama Asset Managment purchased a new position in Liberty Broadband in the 3rd quarter valued at approximately $25,000. Quarry LP bought a new position in shares of Liberty Broadband in the third quarter worth $28,000. GAMMA Investing LLC boosted its holdings in shares of Liberty Broadband by 200.7% in the third quarter. GAMMA Investing LLC now owns 424 shares of the company’s stock worth $33,000 after acquiring an additional 283 shares during the period. Capital Advisors Ltd. LLC grew its position in shares of Liberty Broadband by 75.8% in the third quarter. Capital Advisors Ltd. LLC now owns 443 shares of the company’s stock valued at $34,000 after purchasing an additional 191 shares in the last quarter. Finally, Brooklyn Investment Group bought a new stake in shares of Liberty Broadband during the 3rd quarter valued at $82,000. 80.22% of the stock is currently owned by institutional investors.

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.