Liberty Broadband (NASDAQ:LBRDK) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of Liberty Broadband (NASDAQ:LBRDK) in a research note issued to investors on Thursday. The firm issued a sell rating on the stock.

Separately, Rosenblatt Securities increased their price objective on shares of Liberty Broadband from $80.00 to $91.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th.

Liberty Broadband Stock Up 0.5 %

Liberty Broadband stock opened at $86.92 on Thursday. Liberty Broadband has a 1-year low of $46.46 and a 1-year high of $101.50. The stock has a market capitalization of $12.42 billion, a price-to-earnings ratio of 16.01 and a beta of 1.02. 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 business has a fifty day moving average price of $81.17 and a 200-day moving average price of $65.54.

Liberty Broadband (NASDAQ:LBRDK) last released its earnings results on Thursday, November 7th. The company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.68 by ($1.69). Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The firm had revenue of $262.00 million during the quarter, compared to analyst estimates of $237.41 million. During the same period in the previous year, the company earned $1.10 earnings per share. Equities research analysts forecast that Liberty Broadband will post 6.72 EPS for the current fiscal year.

Insider Transactions at Liberty Broadband

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 sale, the insider now owns 3,670 shares of the company’s stock, valued at approximately $280,975.20. This trade represents a 54.65 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Brian J. Wendling sold 2,208 shares of the business’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 directly owns 11,054 shares of the company’s stock, valued at approximately $838,335.36. The trade was a 16.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,673 shares of company stock valued at $509,688 in the last 90 days. 10.80% of the stock is currently owned by company insiders.

Institutional Trading of Liberty Broadband

Several institutional investors have recently modified their holdings of the stock. Assenagon Asset Management S.A. boosted its stake in shares of 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 worth $224,088,000 after acquiring an additional 1,502,249 shares during the last quarter. Whitebox Advisors LLC lifted its holdings in Liberty Broadband by 29.5% in the 2nd quarter. Whitebox Advisors LLC now owns 2,978,107 shares of the company’s stock valued at $163,260,000 after purchasing an additional 677,785 shares in the last quarter. Millennium Management LLC boosted its stake in Liberty Broadband by 67.4% during the 2nd quarter. Millennium Management LLC now owns 1,032,186 shares of the company’s stock worth $56,584,000 after purchasing an additional 415,619 shares during the last quarter. Barclays PLC grew its holdings in shares of Liberty Broadband by 6.4% during the third quarter. Barclays PLC now owns 6,899,331 shares of the company’s stock worth $533,251,000 after buying an additional 415,496 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised 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 buying an additional 366,614 shares during the last quarter. Institutional investors and hedge funds 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.