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

Investment analysts at StockNews.com began coverage on shares of Liberty Broadband (NASDAQ:LBRDK) in a research note issued on Thursday. The brokerage set a “sell” rating on the stock.

Separately, Rosenblatt Securities upped their price objective on shares of Liberty Broadband from $80.00 to $91.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th.

Liberty Broadband Price Performance

Shares of NASDAQ:LBRDK opened at $87.56 on Thursday. The stock has a market capitalization of $12.51 billion, a P/E ratio of 16.13 and a beta of 1.02. The business has a 50-day moving average of $80.15 and a two-hundred day moving average of $64.98. Liberty Broadband has a fifty-two week low of $46.46 and a fifty-two week high of $101.50. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07.

Liberty Broadband (NASDAQ:LBRDK) last issued its quarterly earnings data 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). The company had revenue of $262.00 million during the quarter, compared to the consensus estimate of $237.41 million. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. During the same period in the previous year, the business posted $1.10 earnings per share. On average, equities research analysts predict that Liberty Broadband will post 6.72 EPS for the current fiscal year.

Insider Activity at Liberty Broadband

In related news, CAO Brian J. Wendling sold 2,208 shares of the stock in a transaction dated Thursday, September 26th. The shares were 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 owns 11,054 shares in the company, valued at approximately $838,335.36. This trade represents a 16.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 value of $338,624.88. Following the transaction, the insider now owns 3,670 shares in the company, valued at $280,975.20. This represents a 54.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 10.80% of the stock is owned by corporate insiders.

Institutional Trading of Liberty Broadband

A number of hedge funds have recently modified their holdings of LBRDK. Versant Capital Management Inc increased its position in shares of Liberty Broadband by 4,888.9% during the second quarter. Versant Capital Management Inc now owns 449 shares of the company’s stock valued at $25,000 after purchasing an additional 440 shares during the period. Groupama Asset Managment bought a new stake in Liberty Broadband in the 3rd quarter valued at $25,000. Quarry LP acquired a new position in shares of Liberty Broadband in the 3rd quarter valued at $28,000. GAMMA Investing LLC lifted its holdings in shares of Liberty Broadband by 200.7% during the 3rd quarter. GAMMA Investing LLC now owns 424 shares of the company’s stock worth $33,000 after acquiring an additional 283 shares during the period. Finally, Capital Advisors Ltd. LLC boosted its position 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 acquiring an additional 191 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.