Short Interest in Liberty Broadband Co. (NASDAQ:LBRDA) Declines By 8.7%

Liberty Broadband Co. (NASDAQ:LBRDA) saw a large decrease in short interest in the month of October. As of October 15th, there was short interest totalling 328,200 shares, a decrease of 8.7% from the September 30th total of 359,400 shares. Approximately 2.0% of the company’s stock are short sold. Based on an average daily volume of 145,800 shares, the short-interest ratio is currently 2.3 days.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft decreased their price target on Liberty Broadband from $104.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, August 16th.

Liberty Broadband Price Performance

Shares of Liberty Broadband stock opened at $80.23 on Friday. Liberty Broadband has a 1-year low of $47.17 and a 1-year high of $87.49. The firm has a fifty day simple moving average of $70.65 and a 200-day simple moving average of $60.27. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $11.46 billion, a price-to-earnings ratio of 13.62 and a beta of 1.06.

Liberty Broadband (NASDAQ:LBRDA) last released its quarterly earnings results on Thursday, August 8th. The company reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.12 by ($1.76). The firm had revenue of $246.00 million for the quarter. Liberty Broadband had a net margin of 81.86% and a return on equity of 8.79%. During the same period last year, the business earned $1.71 EPS.

Insider Activity

In other Liberty Broadband news, CAO Brian J. Wendling sold 2,208 shares of the stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $75.84, for a total value of $167,454.72. Following the completion of the sale, the chief accounting officer now owns 11,054 shares in the company, valued at $838,335.36. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Renee L. Wilm sold 4,423 shares of Liberty Broadband stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $76.56, for a total value of $338,624.88. Following the completion of the sale, the insider now owns 3,670 shares of the company’s stock, valued at approximately $280,975.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Brian J. Wendling sold 2,208 shares of the company’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $75.84, for a total transaction of $167,454.72. Following the completion of the sale, the chief accounting officer now owns 11,054 shares of the company’s stock, valued at $838,335.36. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 14.19% of the stock is owned by corporate insiders.

Institutional Trading of Liberty Broadband

Hedge funds have recently added to or reduced their stakes in the business. American National Bank & Trust acquired a new position in Liberty Broadband during the 3rd quarter valued at $32,000. GAMMA Investing LLC increased its holdings in shares of Liberty Broadband by 161.8% during 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. Headlands Technologies LLC acquired a new position in shares of Liberty Broadband during the first quarter valued at about $49,000. Central Pacific Bank Trust Division bought a new stake in shares of Liberty Broadband in the first quarter valued at about $72,000. Finally, CWM LLC grew its position in Liberty Broadband by 112.6% during the second quarter. CWM LLC now owns 1,352 shares of the company’s stock worth $74,000 after buying an additional 716 shares in the last quarter. Institutional investors own 10.29% 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. 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.