Liberty Broadband (NASDAQ:LBRDK) Sets New 52-Week Low – What’s Next?

Shares of Liberty Broadband Corporation (NASDAQ:LBRDK) hit a new 52-week low during trading on Friday . The stock traded as low as $49.44 and last traded at $49.4550, with a volume of 123768 shares trading hands. The stock had previously closed at $50.21.

Analysts Set New Price Targets

A number of equities analysts have recently commented on LBRDK shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Liberty Broadband in a research report on Friday, October 31st. Wall Street Zen upgraded shares of Liberty Broadband to a “hold” rating in a report on Saturday, July 12th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, Liberty Broadband currently has an average rating of “Hold”.

Liberty Broadband Price Performance

The company has a market cap of $7.11 billion, a P/E ratio of 9.00 and a beta of 1.01. The stock has a 50-day simple moving average of $59.41 and a 200 day simple moving average of $75.81. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60.

Liberty Broadband (NASDAQ:LBRDK) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.57. The firm had revenue of $257.00 million for the quarter, compared to analyst estimates of $267.70 million. Liberty Broadband had a net margin of 105.04% and a return on equity of 11.86%. On average, equities analysts expect that Liberty Broadband Corporation will post 7.71 EPS for the current year.

Institutional Investors Weigh In On Liberty Broadband

Institutional investors have recently added to or reduced their stakes in the stock. Teacher Retirement System of Texas bought a new stake in Liberty Broadband during the 1st quarter worth about $2,666,000. Amalgamated Bank lifted its position in shares of Liberty Broadband by 5.8% during the first quarter. Amalgamated Bank now owns 6,293 shares of the company’s stock worth $535,000 after purchasing an additional 346 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Liberty Broadband by 9.1% during the first quarter. Envestnet Asset Management Inc. now owns 155,091 shares of the company’s stock valued at $13,191,000 after purchasing an additional 12,878 shares during the last quarter. Wolverine Asset Management LLC increased its holdings in shares of Liberty Broadband by 124.2% in the first quarter. Wolverine Asset Management LLC now owns 21,295 shares of the company’s stock valued at $1,811,000 after purchasing an additional 11,796 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of Liberty Broadband in the first quarter valued at approximately $372,000. 80.22% of the stock is owned by institutional investors and hedge funds.

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.