Liberty Broadband Co. (NASDAQ:LBRDA) Sees Large Drop in Short Interest

Liberty Broadband Co. (NASDAQ:LBRDA) saw a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 148,900 shares, a drop of 6.4% from the March 15th total of 159,100 shares. Based on an average daily volume of 151,400 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.9% of the shares of the company are sold short.

Liberty Broadband Trading Up 0.3 %

Shares of NASDAQ:LBRDA opened at $48.49 on Thursday. The stock has a market capitalization of $6.93 billion, a PE ratio of 10.38, a price-to-earnings-growth ratio of 0.10 and a beta of 0.98. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.42 and a quick ratio of 2.42. Liberty Broadband has a one year low of $47.97 and a one year high of $95.61. The company’s 50-day moving average price is $56.70 and its two-hundred day moving average price is $72.77.

Liberty Broadband (NASDAQ:LBRDA) last released its quarterly earnings results on Friday, February 16th. The company reported $1.39 earnings per share for the quarter. Liberty Broadband had a net margin of 70.13% and a return on equity of 7.76%. The firm had revenue of $250.00 million for the quarter, compared to analysts’ expectations of $250.00 million. On average, equities analysts forecast that Liberty Broadband will post 12.03 EPS for the current fiscal year.

Insider Activity

In related news, Director J David Wargo sold 9,000 shares of Liberty Broadband stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $56.80, for a total transaction of $511,200.00. Following the sale, the director now directly owns 97,332 shares of the company’s stock, valued at $5,528,457.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Over the last ninety days, insiders have sold 45,000 shares of company stock valued at $2,435,830. 19.65% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Allianz Asset Management GmbH lifted its stake in Liberty Broadband by 1.6% in the 1st quarter. Allianz Asset Management GmbH now owns 6,922 shares of the company’s stock valued at $907,000 after purchasing an additional 111 shares during the last quarter. Evergreen Capital Management LLC lifted its stake in Liberty Broadband by 5.8% in the 1st quarter. Evergreen Capital Management LLC now owns 2,726 shares of the company’s stock valued at $357,000 after purchasing an additional 150 shares during the last quarter. Citigroup Inc. raised its stake in Liberty Broadband by 14.2% during the third quarter. Citigroup Inc. now owns 1,348 shares of the company’s stock worth $123,000 after buying an additional 168 shares during the last quarter. Osaic Holdings Inc. grew its holdings in Liberty Broadband by 3.2% in the second quarter. Osaic Holdings Inc. now owns 5,927 shares of the company’s stock worth $472,000 after purchasing an additional 186 shares during the period. Finally, Rhumbline Advisers grew its holdings in Liberty Broadband by 0.8% in the second quarter. Rhumbline Advisers now owns 22,320 shares of the company’s stock worth $2,534,000 after purchasing an additional 187 shares during the period. Institutional investors and hedge funds own 10.29% of the company’s stock.

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.