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

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

Liberty Broadband Stock Up 2.3 %

LBRDK opened at $81.19 on Friday. The stock has a market capitalization of $11.60 billion, a P/E ratio of 14.95 and a beta of 1.04. Liberty Broadband has a one year low of $46.46 and a one year high of $101.50. The business’s 50-day simple moving average is $79.97 and its 200-day simple moving average is $73.72. 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 data on Thursday, November 7th. The company reported $0.99 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 company had revenue of $262.00 million for the quarter, compared to analysts’ expectations of $237.41 million. During the same period in the prior year, the company earned $1.10 earnings per share. Analysts anticipate that Liberty Broadband will post 7.71 EPS for the current year.

Insider Transactions at Liberty Broadband

In other news, CEO Gregory B. Maffei sold 125,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $79.74, for a total value of $9,967,500.00. Following the completion of the sale, the chief executive officer now directly owns 1,435,256 shares of the company’s stock, valued at $114,447,313.44. This trade represents a 8.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last quarter, insiders sold 196,542 shares of company stock worth $15,834,108. Company insiders own 10.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Barclays PLC raised its holdings in 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 purchasing an additional 415,496 shares during the last quarter. Hi Line Capital Management LLC increased its position in shares of Liberty Broadband by 498.4% in the third quarter. Hi Line Capital Management LLC now owns 141,056 shares of the company’s stock valued at $10,902,000 after buying an additional 117,483 shares in the last quarter. Bank of Montreal Can raised its stake in shares of Liberty Broadband by 172.6% during the 2nd quarter. Bank of Montreal Can now owns 258,212 shares of the company’s stock worth $14,173,000 after buying an additional 163,502 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new stake in shares of Liberty Broadband in the third quarter valued at about $861,000. Finally, Logan Stone Capital LLC grew its position in shares of Liberty Broadband by 1,134.1% in the second quarter. Logan Stone Capital LLC now owns 126,443 shares of the company’s stock valued at $6,932,000 after purchasing an additional 116,197 shares during the last quarter. Institutional investors and hedge funds own 80.22% 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.