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

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

Liberty Broadband Stock Performance

Shares of NASDAQ:LBRDK opened at $83.69 on Friday. The company has a market capitalization of $11.99 billion, a price-to-earnings ratio of 15.41 and a beta of 1.06. The firm’s 50 day simple moving average is $80.15 and its 200 day simple moving average is $79.33. 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 has a fifty-two week low of $46.46 and a fifty-two week high of $101.50.

Liberty Broadband (NASDAQ:LBRDK) last announced its quarterly earnings results on Thursday, February 27th. The company reported $2.04 earnings per share for the quarter, missing analysts’ consensus estimates of $3.67 by ($1.63). The firm had revenue of $253.00 million during the quarter, compared to analyst estimates of $252.50 million. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. As a group, sell-side analysts forecast that Liberty Broadband will post 7.71 earnings per share for the current year.

Institutional Trading of Liberty Broadband

Hedge funds have recently bought and sold shares of the stock. Groupama Asset Managment acquired a new stake in Liberty Broadband during the 3rd quarter worth approximately $25,000. Quarry LP bought a new position in shares of Liberty Broadband during the 3rd quarter worth approximately $28,000. Smartleaf Asset Management LLC grew its stake in shares of Liberty Broadband by 61.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 406 shares of the company’s stock worth $30,000 after acquiring an additional 154 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Liberty Broadband by 134.3% during the 4th quarter. Blue Trust Inc. now owns 464 shares of the company’s stock worth $36,000 after acquiring an additional 266 shares in the last quarter. Finally, Lee Danner & Bass Inc. bought a new position in shares of Liberty Broadband during the 4th quarter worth approximately $36,000. 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.