Liberty Broadband (NASDAQ:LBRDK) Shares Gap Up – What’s Next?

Liberty Broadband Co. (NASDAQ:LBRDK)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $74.61, but opened at $78.72. Liberty Broadband shares last traded at $78.66, with a volume of 85,369 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Liberty Broadband in a research note on Saturday. They set a “sell” rating for the company.

Liberty Broadband Trading Up 2.7 %

The business’s 50 day moving average price is $79.13 and its two-hundred day moving average price is $74.56. The company has a market capitalization of $10.95 billion, a price-to-earnings ratio of 14.12 and a beta of 1.04. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40.

Liberty Broadband (NASDAQ:LBRDK) last posted its earnings results on Thursday, November 7th. The company reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $237.41 million. During the same period in the previous year, the firm posted $1.10 EPS. On average, equities analysts predict that Liberty Broadband Co. will post 7.71 earnings per share for the current fiscal year.

Insider Buying and Selling at Liberty Broadband

In other news, CEO Gregory B. Maffei sold 71,500 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $82.00, for a total value of $5,863,000.00. Following the completion of the transaction, the chief executive officer now owns 2,827,013 shares of the company’s stock, valued at $231,815,066. This represents a 2.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last three months, insiders sold 196,542 shares of company stock worth $15,834,108. 10.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Liberty Broadband

A number of institutional investors have recently added to or reduced their stakes in the business. D.A. Davidson & CO. grew its position in shares of Liberty Broadband by 8.7% in the 4th quarter. D.A. Davidson & CO. now owns 10,401 shares of the company’s stock valued at $778,000 after buying an additional 830 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in Liberty Broadband by 5.6% in the fourth quarter. CIBC Asset Management Inc now owns 3,757 shares of the company’s stock valued at $281,000 after acquiring an additional 199 shares during the last quarter. Rhumbline Advisers increased its position in Liberty Broadband by 4.2% during the 4th quarter. Rhumbline Advisers now owns 130,858 shares of the company’s stock valued at $9,783,000 after purchasing an additional 5,227 shares during the period. ABC Arbitrage SA bought a new position in Liberty Broadband during the 4th quarter worth approximately $563,000. Finally, Entropy Technologies LP acquired a new position in shares of Liberty Broadband in the 4th quarter worth approximately $349,000. 80.22% of the stock is owned by institutional investors.

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.