Liberty Broadband (NASDAQ:LBRDK) Trading Up 3.2% – Should You Buy?

Liberty Broadband Co. (NASDAQ:LBRDK)’s share price traded up 3.2% on Wednesday . The stock traded as high as $89.03 and last traded at $89.03. 327,172 shares changed hands during mid-day trading, a decline of 67% from the average session volume of 991,943 shares. The stock had previously closed at $86.31.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Liberty Broadband in a research report on Friday, March 21st. They issued a “sell” rating on the stock.

Liberty Broadband Price Performance

The stock’s 50 day simple moving average is $81.08 and its 200-day simple moving average is $79.93. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07. The company has a market capitalization of $12.20 billion, a PE ratio of 15.68 and a beta of 1.06.

Liberty Broadband (NASDAQ:LBRDK) last released its earnings results on Thursday, February 27th. The company reported $2.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.67 by ($1.63). The business had revenue of $253.00 million for the quarter, compared to analyst estimates of $252.50 million. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. As a group, equities analysts forecast that Liberty Broadband Co. will post 7.71 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Liberty Broadband

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Groupama Asset Managment purchased a new stake in Liberty Broadband during the 3rd quarter worth about $25,000. Quarry LP acquired a new stake in shares of Liberty Broadband during the 3rd quarter worth about $28,000. Smartleaf Asset Management LLC lifted its stake in Liberty Broadband by 61.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 406 shares of the company’s stock worth $30,000 after purchasing an additional 154 shares during the last quarter. Blue Trust Inc. boosted its holdings in Liberty Broadband by 134.3% in the fourth quarter. Blue Trust Inc. now owns 464 shares of the company’s stock valued at $36,000 after purchasing an additional 266 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its stake in Liberty Broadband by 138.0% in the fourth quarter. Jones Financial Companies Lllp now owns 488 shares of the company’s stock valued at $36,000 after purchasing an additional 283 shares during the last quarter. Hedge funds and other institutional investors own 80.22% 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.