Liberty Broadband (NASDAQ:LBRDK) Stock Price Down 18.5% – Time to Sell?

Liberty Broadband Corporation (NASDAQ:LBRDK) shares fell 18.5% during mid-day trading on Friday . The stock traded as low as $47.44 and last traded at $46.02. 272,507 shares traded hands during mid-day trading, a decline of 77% from the average session volume of 1,188,929 shares. The stock had previously closed at $56.47.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Liberty Broadband in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Liberty Broadband currently has an average rating of “Sell”.

Liberty Broadband Stock Performance

The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.14. The company has a fifty day moving average price of $52.60 and a 200 day moving average price of $51.12. The stock has a market cap of $6.19 billion, a PE ratio of -2.30 and a beta of 0.96.

Insider Transactions at Liberty Broadband

In other Liberty Broadband news, Director J David Wargo sold 44,450 shares of Liberty Broadband stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $57.30, for a total value of $2,546,985.00. Following the transaction, the director directly owned 19,150 shares of the company’s stock, valued at $1,097,295. The trade was a 69.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 10.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. AQR Capital Management LLC boosted its position in Liberty Broadband by 3.7% during the 1st quarter. AQR Capital Management LLC now owns 20,132 shares of the company’s stock valued at $1,707,000 after buying an additional 717 shares during the period. Integrated Wealth Concepts LLC grew its holdings in Liberty Broadband by 4.4% in the 1st quarter. Integrated Wealth Concepts LLC now owns 4,092 shares of the company’s stock worth $348,000 after acquiring an additional 174 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Liberty Broadband by 38.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,773 shares of the company’s stock valued at $2,617,000 after acquiring an additional 8,521 shares during the period. Jones Financial Companies Lllp raised its stake in shares of Liberty Broadband by 503.1% during the first quarter. Jones Financial Companies Lllp now owns 2,943 shares of the company’s stock valued at $250,000 after acquiring an additional 2,455 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Liberty Broadband by 94.3% during the first quarter. Goldman Sachs Group Inc. now owns 778,238 shares of the company’s stock valued at $66,189,000 after acquiring an additional 377,602 shares during the last quarter. Institutional investors own 80.22% of the company’s stock.

About Liberty Broadband

Liberty Broadband Corporation is a publicly traded holding company that principally invests in broadband and cable businesses. Established in 2014 as a spin-off from Liberty Interactive Corporation, the company was designed to provide investors with targeted exposure to high-growth broadband assets. Headquartered in Englewood, Colorado, Liberty Broadband uses a tracking-stock structure to reflect the performance of its key investments rather than operating a stand-alone service business.

The company’s primary asset is its substantial equity interest in Charter Communications, one of the largest cable and broadband providers in the United States.