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

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

Liberty Broadband Stock Up 4.1%

Shares of LBRDK stock opened at $101.29 on Friday. Liberty Broadband has a 1-year low of $49.38 and a 1-year high of $104.00. The stock’s fifty day moving average price is $84.41 and its 200 day moving average price is $82.81. 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 company has a market cap of $14.51 billion, a price-to-earnings ratio of 18.65 and a beta of 1.02.

Liberty Broadband (NASDAQ:LBRDK) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $1.87 earnings per share for the quarter. The business had revenue of $256.00 million for the quarter. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. On average, research analysts expect that Liberty Broadband will post 7.71 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Liberty Broadband

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Barclays PLC boosted its holdings in Liberty Broadband by 6.4% in the third quarter. Barclays PLC now owns 6,899,331 shares of the company’s stock valued at $533,251,000 after purchasing an additional 415,496 shares during the period. ABC Arbitrage SA purchased a new position in Liberty Broadband in the fourth quarter valued at $563,000. Canada Pension Plan Investment Board boosted its holdings in Liberty Broadband by 331.4% in the fourth quarter. Canada Pension Plan Investment Board now owns 228,200 shares of the company’s stock valued at $17,060,000 after purchasing an additional 175,300 shares during the period. Wolverine Asset Management LLC boosted its holdings in Liberty Broadband by 458.8% in the fourth quarter. Wolverine Asset Management LLC now owns 9,499 shares of the company’s stock valued at $710,000 after purchasing an additional 7,799 shares during the period. Finally, Investment Management Associates Inc. ADV boosted its holdings in Liberty Broadband by 2.1% in the fourth quarter. Investment Management Associates Inc. ADV now owns 223,440 shares of the company’s stock valued at $16,704,000 after purchasing an additional 4,640 shares during the period. Institutional investors and hedge funds 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.