Liberty Broadband (NASDAQ:LBRDK) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Liberty Broadband (NASDAQ:LBRDK) in a report released on Friday. The brokerage issued a sell rating on the stock.

Liberty Broadband Stock Performance

Shares of NASDAQ:LBRDK opened at $81.19 on Friday. Liberty Broadband has a one year low of $46.46 and a one year 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. The firm’s 50 day simple moving average is $79.97 and its 200-day simple moving average is $73.87. The firm has a market cap of $11.60 billion, a PE ratio of 14.95 and a beta of 1.04.

Liberty Broadband (NASDAQ:LBRDK) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.99 EPS 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 business had revenue of $262.00 million during the quarter, compared to analysts’ expectations of $237.41 million. During the same quarter last year, the business posted $1.10 earnings per share. As a group, equities analysts predict that Liberty Broadband will post 7.71 EPS for the current year.

Insider Activity at Liberty Broadband

In related news, CEO Gregory B. Maffei sold 71,500 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $82.00, for a total value of $5,863,000.00. Following the completion of the sale, the chief executive officer now owns 2,827,013 shares of the company’s stock, valued at approximately $231,815,066. The trade was a 2.47 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 196,542 shares of company stock worth $15,834,108 over the last three months. Company insiders own 10.80% of the company’s stock.

Hedge Funds Weigh In On Liberty Broadband

Several institutional investors and hedge funds have recently bought and sold shares of LBRDK. Assenagon Asset Management S.A. lifted its stake in shares of Liberty Broadband by 107.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 2,899,318 shares of the company’s stock valued at $224,088,000 after purchasing an additional 1,502,249 shares during the last quarter. Millennium Management LLC lifted its stake in Liberty Broadband by 67.4% in the second quarter. Millennium Management LLC now owns 1,032,186 shares of the company’s stock worth $56,584,000 after acquiring an additional 415,619 shares during the last quarter. Barclays PLC lifted its position in shares of Liberty Broadband by 6.4% during the 3rd quarter. Barclays PLC now owns 6,899,331 shares of the company’s stock worth $533,251,000 after purchasing an additional 415,496 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Liberty Broadband by 63.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 940,168 shares of the company’s stock valued at $72,666,000 after buying an additional 366,614 shares during the last quarter. Finally, FMR LLC lifted its holdings in Liberty Broadband by 104.4% during the 3rd quarter. FMR LLC now owns 563,964 shares of the company’s stock worth $43,589,000 after buying an additional 288,078 shares during the last quarter. 80.22% of the stock is currently 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.