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

Liberty Broadband Co. (NASDAQ:LBRDA) was the recipient of a significant drop in short interest in March. As of March 31st, there was short interest totalling 201,100 shares, a drop of 16.8% from the March 15th total of 241,600 shares. Based on an average daily volume of 120,200 shares, the short-interest ratio is currently 1.7 days. Approximately 1.2% of the shares of the company are short sold.

Liberty Broadband Price Performance

NASDAQ:LBRDA traded up $1.10 during mid-day trading on Tuesday, hitting $74.79. 11,188 shares of the stock traded hands, compared to its average volume of 153,290. Liberty Broadband has a 12-month low of $47.17 and a 12-month high of $100.44. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. The company has a market cap of $10.72 billion, a PE ratio of 13.81 and a beta of 1.03. The business’s 50-day moving average price is $80.85 and its 200 day moving average price is $80.81.

Liberty Broadband (NASDAQ:LBRDA) last released its quarterly earnings results on Thursday, February 27th. The company reported $2.04 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.31. The firm had revenue of $263.00 million for the quarter, compared to analysts’ expectations of $252.50 million. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%.

Analyst Ratings Changes

Separately, Benchmark dropped their target price on Liberty Broadband from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Monday, March 31st. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $86.20.

Institutional Trading of Liberty Broadband

Several institutional investors and hedge funds have recently modified their holdings of the business. Farther Finance Advisors LLC raised its stake in Liberty Broadband by 891.9% in the fourth quarter. Farther Finance Advisors LLC now owns 367 shares of the company’s stock valued at $27,000 after purchasing an additional 330 shares in the last quarter. Franklin Resources Inc. bought a new stake in shares of Liberty Broadband during the 3rd quarter worth $30,000. American National Bank & Trust purchased a new position in Liberty Broadband in the first quarter worth $32,000. Sterling Capital Management LLC increased its stake in Liberty Broadband by 48.2% in the fourth quarter. Sterling Capital Management LLC now owns 815 shares of the company’s stock valued at $61,000 after acquiring an additional 265 shares during the last quarter. Finally, AlphaQuest LLC raised its position in Liberty Broadband by 4,115.0% during the fourth quarter. AlphaQuest LLC now owns 843 shares of the company’s stock valued at $63,000 after purchasing an additional 823 shares in the last quarter. Hedge funds and other institutional investors own 10.29% of the company’s stock.

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.