Short Interest in Liberty Broadband Co. (NASDAQ:LBRDK) Increases By 8.8%

Liberty Broadband Co. (NASDAQ:LBRDK) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totalling 4,350,000 shares, a growth of 8.8% from the September 30th total of 4,000,000 shares. Approximately 3.9% of the company’s stock are short sold. Based on an average daily trading volume, of 1,010,000 shares, the days-to-cover ratio is currently 4.3 days.

Liberty Broadband Trading Down 1.0 %

LBRDK stock opened at $80.82 on Friday. Liberty Broadband has a 52 week low of $46.46 and a 52 week high of $87.54. The company has a market capitalization of $11.54 billion, a PE ratio of 14.59 and a beta of 1.03. The company’s 50-day simple moving average is $71.42 and its 200 day simple moving average is $60.68. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.68 and a current ratio of 1.68.

Liberty Broadband (NASDAQ:LBRDK) last announced its earnings results on Thursday, August 8th. The company reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.51 by ($1.15). Liberty Broadband had a return on equity of 8.79% and a net margin of 81.86%. The business had revenue of $246.00 million for the quarter, compared to analyst estimates of $244.25 million. During the same quarter in the previous year, the company earned $1.71 EPS. As a group, sell-side analysts anticipate that Liberty Broadband will post 8.45 earnings per share for the current year.

Analyst Upgrades and Downgrades

LBRDK has been the subject of several research analyst reports. Morgan Stanley lifted their target price on shares of Liberty Broadband from $62.00 to $69.00 and gave the stock an “equal weight” rating in a report on Friday, July 19th. Rosenblatt Securities boosted their price objective on Liberty Broadband from $80.00 to $91.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th.

Insider Activity at Liberty Broadband

In other news, insider Renee L. Wilm sold 4,423 shares of the business’s stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $76.56, for a total transaction of $338,624.88. Following the transaction, the insider now directly owns 3,670 shares in the company, valued at $280,975.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, insider Renee L. Wilm sold 4,423 shares of the firm’s stock in a transaction that occurred on 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 directly owns 3,670 shares of the company’s stock, valued at $280,975.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Brian J. Wendling sold 2,208 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $75.84, for a total value of $167,454.72. Following the transaction, the chief accounting officer now directly owns 11,054 shares in the company, valued at $838,335.36. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 10.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Liberty Broadband

Hedge funds have recently added to or reduced their stakes in the stock. Capital Advisors Ltd. LLC increased its holdings in Liberty Broadband by 75.8% in 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. Wealthspire Advisors LLC increased its stake in Liberty Broadband by 6.7% in the first quarter. Wealthspire Advisors LLC now owns 4,244 shares of the company’s stock valued at $243,000 after acquiring an additional 268 shares during the last quarter. Wahed Invest LLC raised its position in Liberty Broadband by 14.2% during the first quarter. Wahed Invest LLC now owns 2,266 shares of the company’s stock valued at $130,000 after purchasing an additional 281 shares in the last quarter. GAMMA Investing LLC lifted its stake in Liberty Broadband by 200.7% during the third quarter. GAMMA Investing LLC now owns 424 shares of the company’s stock worth $33,000 after purchasing an additional 283 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its holdings in shares of Liberty Broadband by 4.0% in the 1st quarter. Daiwa Securities Group Inc. now owns 7,845 shares of the company’s stock valued at $449,000 after purchasing an additional 300 shares in the last quarter. Institutional investors 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.