Liberty Broadband (NASDAQ:LBRDA) Reaches New 12-Month Low – Here’s Why

Liberty Broadband Corporation (NASDAQ:LBRDA)’s share price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $29.18 and last traded at $30.82, with a volume of 232930 shares. The stock had previously closed at $29.36.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Liberty Broadband in a research report on Friday, March 27th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Liberty Broadband Price Performance

The stock has a 50-day moving average of $37.59 and a two-hundred day moving average of $45.55. The firm has a market cap of $4.42 billion, a price-to-earnings ratio of -1.61 and a beta of 0.66. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.27.

Liberty Broadband (NASDAQ:LBRDA) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $1.41 earnings per share (EPS) for the quarter.

Institutional Investors Weigh In On Liberty Broadband

A number of large investors have recently made changes to their positions in the company. Franklin Resources Inc. grew its holdings in shares of Liberty Broadband by 66.2% during the second quarter. Franklin Resources Inc. now owns 615 shares of the company’s stock valued at $60,000 after buying an additional 245 shares in the last quarter. Federation des caisses Desjardins du Quebec lifted its stake in Liberty Broadband by 22.0% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,377 shares of the company’s stock worth $66,000 after acquiring an additional 248 shares in the last quarter. American Century Companies Inc. boosted its position in Liberty Broadband by 8.3% during the 2nd quarter. American Century Companies Inc. now owns 3,453 shares of the company’s stock worth $338,000 after acquiring an additional 265 shares during the period. Cambria Investment Management L.P. boosted its position in Liberty Broadband by 8.1% during the 3rd quarter. Cambria Investment Management L.P. now owns 3,734 shares of the company’s stock worth $236,000 after acquiring an additional 280 shares during the period. Finally, California State Teachers Retirement System boosted its position in Liberty Broadband by 2.0% during the 2nd quarter. California State Teachers Retirement System now owns 15,195 shares of the company’s stock worth $1,486,000 after acquiring an additional 303 shares during the period. Institutional investors and hedge funds own 10.29% of the company’s stock.

Liberty Broadband Company Profile

Liberty Broadband Corporation is a holding company primarily focused on investments in broadband businesses, most notably a significant equity interest in Charter Communications, Inc As a shareholder of Charter’s Class A common stock, Liberty Broadband benefits from the growth and operational performance of one of the largest cable and broadband providers in the United States. The company does not operate consumer services directly but instead seeks to enhance shareholder value through its strategic stake and board representation in Charter.

In addition to its Charter position, Liberty Broadband holds an ownership interest in GCI Liberty, Inc, a holding company with interests in an Alaskan telecommunications provider and other media assets.