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

Investment analysts at StockNews.com started coverage on shares of Liberty Broadband (NASDAQ:LBRDK) in a note issued to investors on Monday. The firm set a “sell” rating on the stock.

Liberty Broadband Stock Up 0.0 %

Shares of LBRDK opened at $81.60 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. Liberty Broadband has a 52 week low of $46.46 and a 52 week high of $101.50. The stock has a market capitalization of $11.66 billion, a price-to-earnings ratio of 15.03 and a beta of 1.04. The stock has a fifty day moving average of $77.78 and a 200-day moving average of $76.16.

Insider Activity

In other news, CEO Gregory B. Maffei sold 125,000 shares of the company’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $79.74, for a total value of $9,967,500.00. Following the sale, the chief executive officer now directly owns 1,435,256 shares of the company’s stock, valued at approximately $114,447,313.44. This represents a 8.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last three months, insiders have sold 196,542 shares of company stock valued at $15,834,108. 10.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Liberty Broadband

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in Liberty Broadband by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 11,064,423 shares of the company’s stock valued at $827,176,000 after buying an additional 95,599 shares in the last quarter. Barclays PLC increased its holdings in shares of Liberty Broadband by 6.4% during the third 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 in the last quarter. Assenagon Asset Management S.A. raised its position in shares of Liberty Broadband by 23.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 3,585,407 shares of the company’s stock worth $268,045,000 after purchasing an additional 686,089 shares during the period. Deutsche Bank AG lifted its holdings in shares of Liberty Broadband by 125.6% in the 4th quarter. Deutsche Bank AG now owns 3,060,143 shares of the company’s stock worth $228,776,000 after purchasing an additional 1,703,637 shares in the last quarter. Finally, Finepoint Capital LP grew its position in Liberty Broadband by 1.1% in the 4th quarter. Finepoint Capital LP now owns 2,015,710 shares of the company’s stock valued at $150,694,000 after purchasing an additional 21,200 shares during the period. 80.22% of the stock is 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.