Liberty Broadband (NASDAQ:LBRDA) Shares Gap Down – Should You Sell?

Liberty Broadband Co. (NASDAQ:LBRDA) gapped down before the market opened on Thursday . The stock had previously closed at $79.22, but opened at $74.90. Liberty Broadband shares last traded at $74.71, with a volume of 33,187 shares.

Wall Street Analyst Weigh In

Several brokerages recently commented on LBRDA. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $95.00 price objective (up previously from $90.00) on shares of Liberty Broadband in a research note on Friday, November 15th. Rosenblatt Securities lowered shares of Liberty Broadband from a “buy” rating to a “neutral” rating and upped their price objective for the company from $91.00 to $92.00 in a research note on Thursday, November 14th.

Liberty Broadband Trading Down 8.8 %

The company has a market capitalization of $10.32 billion, a P/E ratio of 13.29 and a beta of 1.06. 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 fifty day moving average price of $78.94 and a 200-day moving average price of $73.67.

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

Insider Transactions at Liberty Broadband

In related news, CEO Gregory B. Maffei sold 71,500 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $82.00, for a total transaction of $5,863,000.00. Following the completion of the sale, the chief executive officer now directly owns 2,827,013 shares in the company, valued at $231,815,066. This represents a 2.47 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In the last ninety days, insiders sold 196,542 shares of company stock worth $15,834,108. 14.19% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Liberty Broadband

A number of large investors have recently made changes to their positions in the business. Wilmington Savings Fund Society FSB purchased a new stake in Liberty Broadband in the third quarter worth about $1,815,000. Verition Fund Management LLC bought a new position in shares of Liberty Broadband during the third quarter valued at approximately $6,402,000. Baupost Group LLC MA bought a new stake in shares of Liberty Broadband in the 3rd quarter worth approximately $581,000. Barclays PLC grew its stake in shares of Liberty Broadband by 244.6% in the 3rd quarter. Barclays PLC now owns 4,887 shares of the company’s stock worth $375,000 after buying an additional 3,469 shares during the last quarter. Finally, Stifel Financial Corp purchased a new position in Liberty Broadband in the 3rd quarter worth about $1,235,000. 10.29% of the stock is currently owned by institutional investors.

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.