Liberty Broadband (NASDAQ:LBRDK) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of Liberty Broadband (NASDAQ:LBRDK) in a report released on Saturday. The firm issued a sell rating on the stock.

Liberty Broadband Stock Down 3.4 %

NASDAQ LBRDK opened at $85.13 on Friday. Liberty Broadband has a 52 week low of $46.46 and a 52 week high of $101.50. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $12.20 billion, a P/E ratio of 15.68 and a beta of 1.06. The stock’s 50-day moving average price is $81.25 and its 200-day moving average price is $80.25.

Liberty Broadband (NASDAQ:LBRDK) last released its earnings results on Thursday, February 27th. The company reported $2.04 EPS for the quarter, missing analysts’ consensus estimates of $3.67 by ($1.63). The firm had revenue of $253.00 million for the quarter, compared to the consensus estimate of $252.50 million. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. On average, equities research analysts predict that Liberty Broadband will post 7.71 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large 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 about $25,000. Quarry LP bought a new position in Liberty Broadband during the third quarter valued at approximately $28,000. Smartleaf Asset Management LLC grew its holdings in Liberty Broadband by 61.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 406 shares of the company’s stock valued at $30,000 after buying an additional 154 shares in the last quarter. Blue Trust Inc. increased its stake in Liberty Broadband by 134.3% in the 4th quarter. Blue Trust Inc. now owns 464 shares of the company’s stock worth $36,000 after acquiring an additional 266 shares during the last quarter. Finally, Lee Danner & Bass Inc. purchased a new stake in shares of Liberty Broadband during the 4th quarter worth approximately $36,000. 80.22% of the stock is owned by hedge funds and other institutional investors.

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.