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

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

Liberty Broadband Stock Performance

Shares of LBRDK stock opened at $75.53 on Wednesday. The stock’s fifty day simple moving average is $84.07 and its 200-day simple moving average is $71.91. The company has a market capitalization of $10.79 billion, a price-to-earnings ratio of 13.91 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 has a 1-year low of $46.46 and a 1-year high of $101.50.

Liberty Broadband (NASDAQ:LBRDK) last issued 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). The business had revenue of $262.00 million during the quarter, compared to analyst estimates of $237.41 million. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. During the same quarter in the prior year, the company earned $1.10 EPS. On average, sell-side analysts predict that Liberty Broadband will post 6.72 earnings per share for the current fiscal year.

Insider Buying and Selling at Liberty Broadband

In related news, CEO Gregory B. Maffei sold 71,500 shares of the business’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 sale, the chief executive officer now owns 2,827,013 shares of the company’s stock, valued at approximately $231,815,066. The trade was a 2.47 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders sold 196,542 shares of company stock valued at $15,834,108 in the last quarter. Company insiders own 10.80% of the company’s stock.

Institutional Trading of Liberty Broadband

A number of institutional investors have recently added to or reduced their stakes in LBRDK. Groupama Asset Managment bought a new position in shares of Liberty Broadband during the 3rd quarter valued at $25,000. Quarry LP bought a new position in Liberty Broadband during the third quarter valued at about $28,000. GAMMA Investing LLC boosted its stake 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 in the last quarter. Capital Advisors Ltd. LLC increased its holdings 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 during the last quarter. Finally, Brooklyn Investment Group acquired a new stake in Liberty Broadband in the 3rd quarter worth approximately $82,000. 80.22% of the stock is currently owned by institutional investors and hedge funds.

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.