Liberty Broadband (NASDAQ:LBRDA) Sees Strong Trading Volume – Should You Buy?

Liberty Broadband Co. (NASDAQ:LBRDA) shares saw an uptick in trading volume on Friday . 62,349 shares changed hands during trading, a decline of 23% from the previous session’s volume of 80,825 shares.The stock last traded at $75.55 and had previously closed at $75.18.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Rosenblatt Securities downgraded Liberty Broadband from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $91.00 to $92.00 in a research report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $95.00 price objective (up from $90.00) on shares of Liberty Broadband in a research report on Friday, November 15th.

Liberty Broadband Stock Up 0.5 %

The company has a market cap of $10.79 billion, a PE ratio of 13.91 and a beta of 1.06. The firm has a 50-day simple moving average of $80.84 and a two-hundred day simple moving average of $72.28. 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:LBRDA) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.66). The company had revenue of $262.00 million for the quarter, compared to analysts’ expectations of $242.40 million. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. During the same quarter in the prior year, the business posted $1.10 EPS.

Insider Buying and Selling

In other news, CEO Gregory B. Maffei sold 71,500 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 2,827,013 shares in the company, valued at $231,815,066. This represents a 2.47 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Over the last 90 days, insiders have sold 196,542 shares of company stock worth $15,834,108. 14.19% of the stock is owned by insiders.

Hedge Funds Weigh In On Liberty Broadband

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Signaturefd LLC increased its holdings in shares of Liberty Broadband by 9.1% during the 3rd quarter. Signaturefd LLC now owns 2,119 shares of the company’s stock worth $163,000 after buying an additional 177 shares during the last quarter. Franklin Resources Inc. acquired a new stake in Liberty Broadband during the third quarter worth about $30,000. GAMMA Investing LLC raised its holdings in shares of Liberty Broadband by 161.8% in the 3rd quarter. GAMMA Investing LLC now owns 631 shares of the company’s stock worth $48,000 after purchasing an additional 390 shares during the period. American National Bank & Trust acquired a new position in shares of Liberty Broadband in the 3rd quarter valued at about $32,000. Finally, Glenmede Trust Co. NA grew its holdings in shares of Liberty Broadband by 116.6% during the 3rd quarter. Glenmede Trust Co. NA now owns 990 shares of the company’s stock worth $76,000 after purchasing an additional 533 shares during the period. 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.