Liberty Broadband (NASDAQ:LBRDK) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Liberty Broadband (NASDAQ:LBRDK) in a report issued on Friday. The firm issued a sell rating on the stock.

Separately, Rosenblatt Securities raised their price target on Liberty Broadband from $80.00 to $91.00 and gave the company a “buy” rating in a report on Wednesday, August 14th.

Liberty Broadband Price Performance

Shares of LBRDK opened at $85.14 on Friday. Liberty Broadband has a fifty-two week low of $46.46 and a fifty-two week high of $101.50. The firm’s 50-day simple moving average is $83.52 and its two-hundred day simple moving average is $66.68. The stock has a market cap of $12.16 billion, a PE ratio of 15.68 and a beta of 1.02. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07.

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

Insider Buying and Selling

In other Liberty Broadband news, insider Renee L. Wilm sold 4,423 shares of the company’s stock in a transaction dated Wednesday, September 25th. The stock was 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 in the company, valued at $280,975.20. This represents a 54.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Brian J. Wendling sold 2,208 shares of the business’s 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 transaction, the chief accounting officer now owns 11,054 shares of the company’s stock, valued at approximately $838,335.36. This trade represents a 16.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,673 shares of company stock valued at $509,688. 10.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Liberty Broadband

Large investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company boosted its position in shares of Liberty Broadband by 0.5% during the third quarter. The Manufacturers Life Insurance Company now owns 27,186 shares of the company’s stock worth $2,101,000 after acquiring an additional 125 shares during the last quarter. Capital Advisors Ltd. LLC boosted its holdings in shares of Liberty Broadband by 75.8% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 443 shares of the company’s stock valued at $34,000 after purchasing an additional 191 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Liberty Broadband by 200.7% during the third quarter. GAMMA Investing LLC now owns 424 shares of the company’s stock valued at $33,000 after purchasing an additional 283 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its stake in Liberty Broadband by 1.9% during the first quarter. DekaBank Deutsche Girozentrale now owns 16,199 shares of the company’s stock valued at $919,000 after buying an additional 302 shares during the last quarter. Finally, Groupama Asset Managment purchased a new position in Liberty Broadband during the 3rd quarter valued at approximately $25,000. 80.22% of the stock is currently owned by hedge funds and other institutional investors.

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.