Liberty Broadband (NASDAQ:LBRDK) Hits New 12-Month High – What’s Next?

Liberty Broadband Co. (NASDAQ:LBRDK) reached a new 52-week high during trading on Friday . The stock traded as high as $93.66 and last traded at $93.17, with a volume of 365435 shares traded. The stock had previously closed at $80.82.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on LBRDK. Morgan Stanley increased their target price on shares of Liberty Broadband from $62.00 to $69.00 and gave the company an “equal weight” rating in a research note on Friday, July 19th. Rosenblatt Securities increased their price objective on shares of Liberty Broadband from $80.00 to $91.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th.

Liberty Broadband Stock Up 11.2 %

The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.39. The company has a 50-day simple moving average of $71.97 and a 200 day simple moving average of $61.06. The company has a market cap of $12.84 billion, a P/E ratio of 16.23 and a beta of 1.02.

Liberty Broadband (NASDAQ:LBRDK) last posted its quarterly earnings results on Thursday, August 8th. The company reported $1.36 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 company had revenue of $246.00 million during the quarter, compared to the consensus estimate of $244.25 million. During the same quarter in the previous year, the company posted $1.71 earnings per share. On average, equities analysts anticipate that Liberty Broadband Co. will post 8.45 EPS for the current year.

Insiders Place Their Bets

In other Liberty Broadband news, CAO Brian J. Wendling sold 2,208 shares of the firm’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $75.84, for a total transaction 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. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CAO Brian J. Wendling sold 2,208 shares of Liberty Broadband stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $75.84, for a total value of $167,454.72. Following the completion of the sale, 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Renee L. Wilm sold 4,423 shares of the stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $76.56, for a total transaction of $338,624.88. Following the transaction, the insider now owns 3,670 shares in the company, valued at approximately $280,975.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 10.80% of the company’s stock.

Hedge Funds Weigh In On Liberty Broadband

A number of large investors have recently bought and sold shares of LBRDK. GAMMA Investing LLC grew its stake in Liberty Broadband by 200.7% in 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 during the last quarter. Capital Advisors Ltd. LLC grew its position in shares of Liberty Broadband by 75.8% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 443 shares of the company’s stock worth $34,000 after buying an additional 191 shares during the last quarter. Versant Capital Management Inc raised its stake in shares of Liberty Broadband by 4,888.9% during the 2nd quarter. Versant Capital Management Inc now owns 449 shares of the company’s stock worth $25,000 after acquiring an additional 440 shares in the last quarter. Beach Investment Counsel Inc. PA purchased a new stake in Liberty Broadband during the second quarter valued at approximately $36,000. Finally, Mather Group LLC. boosted its stake in Liberty Broadband by 103.7% in the second quarter. Mather Group LLC. now owns 762 shares of the company’s stock valued at $44,000 after acquiring an additional 388 shares in the last quarter. 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.