Liberty Broadband Co. (NASDAQ:LBRDA) Short Interest Update

Liberty Broadband Co. (NASDAQ:LBRDA) was the recipient of a significant decline in short interest in November. As of November 30th, there was short interest totalling 123,100 shares, a decline of 31.9% from the November 15th total of 180,800 shares. Approximately 0.8% of the company’s stock are sold short. Based on an average daily trading volume, of 221,800 shares, the days-to-cover ratio is currently 0.6 days.

Insider Buying and Selling at Liberty Broadband

In other Liberty Broadband news, CAO Brian J. Wendling sold 2,208 shares of the business’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $75.84, for a total transaction of $167,454.72. Following the sale, the chief accounting officer now directly owns 11,054 shares of the company’s stock, valued at $838,335.36. The trade was a 16.65 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Renee L. Wilm sold 4,423 shares of the company’s stock in a transaction dated 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 owns 3,670 shares in the company, valued at $280,975.20. The trade was a 54.65 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,673 shares of company stock valued at $509,688. 14.19% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Liberty Broadband

Several institutional investors and hedge funds have recently made changes to their positions in the company. Franklin Resources Inc. acquired a new position in shares of Liberty Broadband in the third quarter valued at about $30,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Liberty Broadband during the 3rd quarter worth approximately $1,815,000. Virtu Financial LLC increased its holdings in shares of Liberty Broadband by 53.8% during the third quarter. Virtu Financial LLC now owns 35,781 shares of the company’s stock worth $2,749,000 after purchasing an additional 12,519 shares during the period. Barclays PLC raised its position in shares of Liberty Broadband by 244.6% in the third quarter. Barclays PLC now owns 4,887 shares of the company’s stock valued at $375,000 after buying an additional 3,469 shares in the last quarter. Finally, M&T Bank Corp bought a new stake in shares of Liberty Broadband in the third quarter valued at approximately $338,000. Institutional investors and hedge funds own 10.29% of the company’s stock.

Analysts Set New Price Targets

LBRDA has been the topic of a number of recent analyst reports. Rosenblatt Securities downgraded shares of Liberty Broadband from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $91.00 to $92.00 in a report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $95.00 price objective (up from $90.00) on shares of Liberty Broadband in a research note on Friday, November 15th.

Liberty Broadband Stock Performance

Liberty Broadband stock traded down $0.94 during mid-day trading on Friday, hitting $81.70. 163,071 shares of the company’s stock traded hands, compared to its average volume of 163,466. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07. The firm has a 50 day simple moving average of $84.39 and a two-hundred day simple moving average of $67.82. Liberty Broadband has a fifty-two week low of $47.17 and a fifty-two week high of $100.44. The stock has a market cap of $11.67 billion, a price-to-earnings ratio of 15.22 and a beta of 1.05.

Liberty Broadband (NASDAQ:LBRDA) last posted its earnings results on Thursday, November 7th. The company reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.66). Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. The company had revenue of $262.00 million for the quarter, compared to analyst estimates of $242.40 million. During the same quarter in the prior year, the business posted $1.10 EPS.

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. Its Charter segment offers subscription-based Internet and video services, and mobile and voice services; and state-of-the-art residential and business services, which includes Spectrum Internet, TV, mobile and voice for small and medium-sized companies; Spectrum Business provides a suite of broadband products and services for businesses and government application; Spectrum Enterprise offers customized fiber-based solutions; Spectrum Reach provides advertising and production for the modern media landscape.