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

StockNews.com assumed coverage on shares of Liberty Broadband (NASDAQ:LBRDK) in a research note released on Thursday. The firm issued a sell rating on the stock.

Liberty Broadband Stock Up 2.9 %

LBRDK opened at $81.38 on Thursday. Liberty Broadband has a 1-year low of $46.46 and a 1-year high of $101.50. The stock’s fifty day simple moving average is $79.45 and its 200 day simple moving average is $78.63. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40. The stock has a market cap of $11.66 billion, a PE ratio of 14.99 and a beta of 1.06.

Liberty Broadband (NASDAQ:LBRDK) last posted its quarterly earnings results 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 net margin of 78.07% and a return on equity of 8.45%. The business had revenue of $253.00 million during the quarter, compared to the consensus estimate of $252.50 million. As a group, research analysts expect that Liberty Broadband will post 7.71 earnings per share for the current year.

Insiders Place Their Bets

In other Liberty Broadband news, CEO Gregory B. Maffei sold 125,000 shares of the stock in a transaction 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 transaction, the chief executive officer now owns 1,435,256 shares in the company, valued at $114,447,313.44. This trade represents a 8.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 10.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of LBRDK. Deutsche Bank AG increased its position 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 purchasing an additional 1,703,637 shares during the period. Madison Investment Advisors LLC acquired a new stake in Liberty Broadband in the fourth quarter valued at about $122,714,000. Norges Bank acquired a new stake in Liberty Broadband in the fourth quarter valued at about $100,845,000. Adage Capital Partners GP L.L.C. boosted its stake in Liberty Broadband by 425.3% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 1,231,136 shares of the company’s stock valued at $92,040,000 after buying an additional 996,764 shares in the last quarter. Finally, Pentwater Capital Management LP boosted its stake in Liberty Broadband by 454.0% in the fourth quarter. Pentwater Capital Management LP now owns 1,108,000 shares of the company’s stock valued at $82,834,000 after buying an additional 908,000 shares in the last quarter. 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.