Liberty Broadband (NASDAQ:LBRDK) Earns Sell Rating from Analysts at StockNews.com

Analysts at StockNews.com started coverage on shares of Liberty Broadband (NASDAQ:LBRDK) in a research note issued on Monday. The brokerage set a “sell” rating on the stock.

Liberty Broadband Price Performance

NASDAQ LBRDK opened at $76.84 on Monday. The company has a market cap of $10.98 billion, a price-to-earnings ratio of 14.15 and a beta of 1.02. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07. The stock’s fifty day moving average price is $85.05 and its 200 day moving average price is $69.97. Liberty Broadband has a 1 year low of $46.46 and a 1 year high of $101.50.

Liberty Broadband (NASDAQ:LBRDK) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates of $2.68 by ($1.69). Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The firm had revenue of $262.00 million during the quarter, compared to analyst estimates of $237.41 million. During the same period in the prior year, the company posted $1.10 earnings per share. As a group, equities research analysts forecast that Liberty Broadband will post 6.72 earnings per share for the current year.

Insider Activity

In related news, CEO Gregory B. Maffei sold 125,000 shares of Liberty Broadband stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 1,435,256 shares in the company, valued at approximately $114,447,313.44. This trade represents a 8.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Brian J. Wendling sold 2,208 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $75.84, for a total value of $167,454.72. Following the completion of the sale, the chief accounting officer now owns 11,054 shares in the company, valued at approximately $838,335.36. This represents a 16.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 198,750 shares of company stock valued at $16,001,563 in the last ninety days. Insiders own 10.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Franklin Resources Inc. acquired a new stake in Liberty Broadband in the third quarter valued at approximately $175,000. Tidal Investments LLC acquired a new stake in Liberty Broadband in the 3rd quarter valued at $217,000. Wilmington Savings Fund Society FSB purchased a new stake in Liberty Broadband in the 3rd quarter worth $8,773,000. Sanctuary Advisors LLC acquired a new position in Liberty Broadband during the third quarter worth $225,000. Finally, Geode Capital Management LLC lifted its holdings in Liberty Broadband by 1.6% during the third quarter. Geode Capital Management LLC now owns 2,014,571 shares of the company’s stock valued at $155,736,000 after purchasing an additional 31,484 shares in the last quarter. Hedge funds and other institutional investors own 80.22% of the company’s stock.

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.