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

Research analysts at StockNews.com assumed coverage on shares of Liberty Broadband (NASDAQ:LBRDK) in a report issued on Sunday. The firm set a “sell” rating on the stock.

Liberty Broadband Stock Performance

Shares of NASDAQ LBRDK opened at $77.11 on Friday. The stock’s fifty day simple moving average is $78.35 and its 200 day simple moving average is $75.52. The stock has a market capitalization of $11.02 billion, a price-to-earnings ratio of 14.20 and a beta of 1.04. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. Liberty Broadband has a 52-week low of $46.46 and a 52-week high of $101.50.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Liberty Broadband

Several institutional investors and hedge funds have recently bought and sold shares of LBRDK. The Manufacturers Life Insurance Company lifted its position in shares of Liberty Broadband by 0.5% in the third quarter. The Manufacturers Life Insurance Company now owns 27,186 shares of the company’s stock worth $2,101,000 after purchasing an additional 125 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in Liberty Broadband by 61.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 406 shares of the company’s stock worth $30,000 after buying an additional 154 shares in the last quarter. Capital Advisors Ltd. LLC boosted its stake 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 buying an additional 191 shares during the period. CIBC Asset Management Inc grew its holdings in shares of Liberty Broadband by 5.6% during the 4th 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 in the last quarter. Finally, Handelsbanken Fonder AB grew its holdings in shares of Liberty Broadband by 0.6% during the 4th quarter. Handelsbanken Fonder AB now owns 33,300 shares of the company’s stock valued at $2,490,000 after acquiring an additional 200 shares in the last quarter. Hedge funds and other institutional investors 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.