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

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

Liberty Broadband Stock Performance

Shares of Liberty Broadband stock opened at $79.00 on Monday. The company’s 50 day moving average price is $81.68 and its two-hundred day moving average price is $81.49. The firm has a market capitalization of $11.32 billion, a P/E ratio of 14.55 and a beta of 1.03. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07. Liberty Broadband has a fifty-two week low of $46.46 and a fifty-two week high of $101.50.

Liberty Broadband (NASDAQ:LBRDK) last issued its quarterly earnings data on Thursday, February 27th. The company reported $2.04 earnings per share for the quarter, missing analysts’ consensus estimates of $3.67 by ($1.63). Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. The firm had revenue of $253.00 million for the quarter, compared to the consensus estimate of $252.50 million. On average, equities analysts forecast that Liberty Broadband will post 7.71 earnings per share for the current fiscal year.

Institutional Trading of Liberty Broadband

A number of institutional investors and hedge funds have recently bought and sold shares of LBRDK. Deutsche Bank AG lifted its stake in shares of Liberty Broadband by 125.6% in the fourth quarter. Deutsche Bank AG now owns 3,060,143 shares of the company’s stock worth $228,776,000 after acquiring an additional 1,703,637 shares during the period. Madison Investment Advisors LLC bought a new position in Liberty Broadband during the 4th quarter worth approximately $122,714,000. Norges Bank bought a new position in Liberty Broadband during the 4th quarter worth approximately $100,845,000. Adage Capital Partners GP L.L.C. lifted its position in shares of Liberty Broadband by 425.3% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 1,231,136 shares of the company’s stock worth $92,040,000 after purchasing an additional 996,764 shares during the period. Finally, Pentwater Capital Management LP boosted its stake in shares of Liberty Broadband by 454.0% in the 4th quarter. Pentwater Capital Management LP now owns 1,108,000 shares of the company’s stock valued at $82,834,000 after purchasing an additional 908,000 shares during the last quarter. 80.22% of the stock is currently owned by institutional investors and hedge funds.

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.