Liberty Broadband Co. (NASDAQ:LBRDK) Short Interest Down 18.8% in June

Liberty Broadband Co. (NASDAQ:LBRDK) was the target of a large decrease in short interest during the month of June. As of June 15th, there was short interest totalling 3,800,000 shares, a decrease of 18.8% from the May 31st total of 4,680,000 shares. Approximately 3.4% of the shares of the stock are sold short. Based on an average trading volume of 1,270,000 shares, the days-to-cover ratio is presently 3.0 days.

Liberty Broadband Price Performance

Shares of NASDAQ:LBRDK opened at $54.82 on Friday. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.41. The stock has a market cap of $7.83 billion, a PE ratio of 9.31 and a beta of 1.02. The company’s fifty day moving average is $51.81 and its 200 day moving average is $60.85. Liberty Broadband has a 52 week low of $46.46 and a 52 week high of $95.68.

Liberty Broadband (NASDAQ:LBRDK) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $1.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.38 by ($0.69). The company had revenue of $245.00 million for the quarter, compared to the consensus estimate of $244.41 million. Liberty Broadband had a return on equity of 9.55% and a net margin of 87.75%. Research analysts anticipate that Liberty Broadband will post 9.13 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director J David Wargo sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $51.43, for a total value of $514,300.00. Following the sale, the director now directly owns 87,332 shares of the company’s stock, valued at $4,491,484.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 10.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. DekaBank Deutsche Girozentrale raised its holdings in Liberty Broadband by 1.9% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 16,199 shares of the company’s stock worth $919,000 after purchasing an additional 302 shares in the last quarter. Wahed Invest LLC increased its position in shares of Liberty Broadband by 14.2% during the first quarter. Wahed Invest LLC now owns 2,266 shares of the company’s stock valued at $130,000 after buying an additional 281 shares during the period. Comerica Bank increased its position in shares of Liberty Broadband by 33.4% during the first quarter. Comerica Bank now owns 26,011 shares of the company’s stock valued at $1,489,000 after buying an additional 6,511 shares during the period. Paloma Partners Management Co purchased a new stake in Liberty Broadband in the first quarter worth about $356,000. Finally, Whitebox Advisors LLC lifted its holdings in Liberty Broadband by 17.9% in the first quarter. Whitebox Advisors LLC now owns 2,300,322 shares of the company’s stock worth $131,647,000 after buying an additional 349,400 shares during the period. Institutional investors own 80.22% of the company’s stock.

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.