StockNews.com Initiates Coverage on Liberty Broadband (NASDAQ:LBRDK)

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

Liberty Broadband Trading Up 2.7 %

Shares of Liberty Broadband stock opened at $76.66 on Friday. The firm has a 50-day simple moving average of $79.34 and a two-hundred day simple moving average of $74.42. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. Liberty Broadband has a fifty-two week low of $46.46 and a fifty-two week high of $101.50. The company has a market cap of $10.95 billion, a P/E ratio of 14.12 and a beta of 1.04.

Liberty Broadband (NASDAQ:LBRDK) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.99 EPS for the quarter, missing the consensus estimate 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 period in the previous year, the business posted $1.10 earnings per share. As a group, equities analysts predict that Liberty Broadband will post 7.71 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Gregory B. Maffei sold 125,000 shares of the stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $79.74, for a total value of $9,967,500.00. Following the completion of the sale, the chief executive officer now directly owns 1,435,256 shares in the company, valued at $114,447,313.44. This represents a 8.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Over the last ninety days, insiders sold 196,542 shares of company stock worth $15,834,108. Company insiders own 10.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of LBRDK. The Manufacturers Life Insurance Company increased its holdings 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 valued at $2,101,000 after purchasing an additional 125 shares during the last quarter. Capital Advisors Ltd. LLC increased its stake 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 acquiring an additional 191 shares during the last quarter. CIBC Asset Management Inc raised 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 worth $281,000 after acquiring an additional 199 shares during the period. Blue Trust Inc. boosted its position in shares of Liberty Broadband by 134.3% during the 4th quarter. Blue Trust Inc. now owns 464 shares of the company’s stock valued at $36,000 after acquiring an additional 266 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of 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 period. 80.22% of the stock is owned by hedge funds and other institutional investors.

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.