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

Liberty Broadband Co. (NASDAQ:LBRDK)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $79.77, but opened at $75.13. Liberty Broadband shares last traded at $75.31, with a volume of 76,684 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Liberty Broadband in a research note on Saturday. They issued a “sell” rating on the stock.

Liberty Broadband Trading Up 2.7 %

The business’s 50 day simple moving average is $79.13 and its 200-day simple moving average is $74.56. The stock has a market capitalization of $10.95 billion, a P/E ratio of 14.12 and a beta of 1.04. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07.

Liberty Broadband (NASDAQ:LBRDK) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $2.68 by ($1.69). The company 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 quarter in the prior year, the company posted $1.10 EPS. As a group, analysts forecast that Liberty Broadband Co. will post 7.71 EPS for the current year.

Insider Activity

In other news, CEO Gregory B. Maffei sold 71,500 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $82.00, for a total transaction 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 $231,815,066. This represents a 2.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 196,542 shares of company stock valued at $15,834,108 in the last quarter. Company insiders own 10.80% of the company’s stock.

Hedge Funds Weigh In On Liberty Broadband

Several hedge funds have recently made changes to their positions in LBRDK. Assenagon Asset Management S.A. grew its position in Liberty Broadband by 107.5% in the third 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 in the last quarter. Barclays PLC grew its holdings in shares of 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. Charles Schwab Investment Management Inc. increased its position in shares of 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 acquiring an additional 366,614 shares during the last quarter. FMR LLC raised its holdings in Liberty Broadband by 104.4% during the third quarter. FMR LLC now owns 563,964 shares of the company’s stock worth $43,589,000 after acquiring an additional 288,078 shares in the last quarter. Finally, Isomer Partners LP acquired a new position in Liberty Broadband during the third quarter valued at approximately $20,095,000. 80.22% of the stock is 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.