Liberty Broadband (NASDAQ:LBRDK) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Liberty Broadband (NASDAQ:LBRDK) in a report published on Tuesday morning. The brokerage issued a sell rating on the stock.

Liberty Broadband Trading Up 2.2 %

Shares of Liberty Broadband stock opened at $81.21 on Tuesday. The company has a 50-day moving average of $77.85 and a two-hundred day moving average of $76.91. Liberty Broadband has a 12-month low of $46.46 and a 12-month high of $101.50. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40. The stock has a market cap of $11.60 billion, a PE ratio of 14.96 and a beta of 1.04.

Liberty Broadband (NASDAQ:LBRDK) last released its quarterly earnings data on Thursday, February 27th. The company reported $2.04 earnings per share for the quarter, missing the consensus estimate of $3.67 by ($1.63). Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. On average, research analysts anticipate that Liberty Broadband will post 7.71 EPS for the current fiscal year.

Insider Activity

In related news, CEO Gregory B. Maffei sold 125,000 shares of Liberty Broadband stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $79.74, for a total transaction of $9,967,500.00. Following the completion of the sale, the chief executive officer now owns 1,435,256 shares in the company, valued at approximately $114,447,313.44. This trade represents a 8.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 10.80% of the company’s stock.

Institutional Trading of Liberty Broadband

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Barclays PLC grew 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 buying an additional 415,496 shares during the period. Hi Line Capital Management LLC boosted its position in shares of Liberty Broadband by 498.4% in the third quarter. Hi Line Capital Management LLC now owns 141,056 shares of the company’s stock worth $10,902,000 after acquiring an additional 117,483 shares during the last quarter. ABC Arbitrage SA purchased a new stake in Liberty Broadband in the fourth quarter valued at approximately $563,000. Point72 Asset Management L.P. increased its position in Liberty Broadband by 54.8% during the third quarter. Point72 Asset Management L.P. now owns 294,641 shares of the company’s stock worth $22,773,000 after purchasing an additional 104,272 shares during the last quarter. Finally, International Assets Investment Management LLC raised its stake in Liberty Broadband by 9,029.0% during the third quarter. International Assets Investment Management LLC now owns 12,598 shares of the company’s stock worth $974,000 after purchasing an additional 12,460 shares during the period. 80.22% of the stock is owned by hedge funds and other 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.