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

StockNews.com initiated coverage on shares of Liberty Broadband (NASDAQ:LBRDK) in a research note published on Monday morning. The firm issued a sell rating on the stock.

Liberty Broadband Stock Performance

Shares of LBRDK opened at $76.38 on Monday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. The stock has a 50-day moving average of $85.13 and a two-hundred day moving average of $69.81. The stock has a market cap of $10.91 billion, a P/E ratio of 14.07 and a beta of 1.02. Liberty Broadband has a one year low of $46.46 and a one year high of $101.50.

Liberty Broadband (NASDAQ:LBRDK) last issued its earnings results on Thursday, November 7th. The company reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $2.68 by ($1.69). Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The firm had revenue of $262.00 million during the quarter, compared to analysts’ expectations of $237.41 million. During the same quarter in the prior year, the company earned $1.10 EPS. As a group, research analysts predict that Liberty Broadband will post 6.72 EPS for the current year.

Insider Activity at Liberty Broadband

In other Liberty Broadband news, insider Renee L. Wilm sold 4,423 shares of the firm’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $76.56, for a total value of $338,624.88. Following the sale, the insider now directly owns 3,670 shares of the company’s stock, valued at approximately $280,975.20. This trade represents a 54.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Brian J. Wendling sold 2,208 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $75.84, for a total value of $167,454.72. Following the transaction, the chief accounting officer now directly owns 11,054 shares of the company’s stock, valued at approximately $838,335.36. The trade was a 16.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 203,173 shares of company stock worth $16,340,188. 10.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Liberty Broadband

Hedge funds have recently made changes to their positions in the company. Barclays PLC raised its holdings in Liberty Broadband by 6.4% in the 3rd quarter. Barclays PLC now owns 6,899,331 shares of the company’s stock valued at $533,251,000 after acquiring an additional 415,496 shares during the last quarter. Whitebox Advisors LLC lifted its position in Liberty Broadband by 29.5% during the second quarter. Whitebox Advisors LLC now owns 2,978,107 shares of the company’s stock worth $163,260,000 after buying an additional 677,785 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in Liberty Broadband by 107.5% during the third quarter. Assenagon Asset Management S.A. now owns 2,899,318 shares of the company’s stock worth $224,088,000 after buying an additional 1,502,249 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Liberty Broadband by 19.1% during the second quarter. Dimensional Fund Advisors LP now owns 2,062,256 shares of the company’s stock worth $113,045,000 after buying an additional 330,159 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Liberty Broadband by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,014,571 shares of the company’s stock valued at $155,736,000 after buying an additional 31,484 shares in the last quarter. Institutional investors and hedge funds own 80.22% of the company’s stock.

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.