Liberty Broadband (NASDAQ:LBRDK) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Liberty Broadband (NASDAQ:LBRDK) in a report issued on Monday. The firm issued a sell rating on the stock.

Liberty Broadband Price Performance

Shares of LBRDK opened at $76.84 on Monday. The business’s 50-day moving average is $84.98 and its 200-day moving average is $70.15. Liberty Broadband has a fifty-two week low of $46.46 and a fifty-two week high of $101.50. The company has a market capitalization 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.

Liberty Broadband (NASDAQ:LBRDK) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.68 by ($1.69). Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The business 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 business posted $1.10 earnings per share. Equities research analysts expect that Liberty Broadband will post 6.72 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Gregory B. Maffei sold 71,500 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $82.00, for a total value of $5,863,000.00. Following the sale, the chief executive officer now directly owns 2,827,013 shares of the company’s stock, valued at approximately $231,815,066. This represents a 2.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders have sold 196,542 shares of company stock worth $15,834,108. Corporate insiders own 10.80% of the company’s stock.

Hedge Funds Weigh In On Liberty Broadband

A number of institutional investors have recently modified their holdings of the business. Groupama Asset Managment acquired a new stake in Liberty Broadband during the third quarter worth approximately $25,000. Quarry LP purchased a new position in shares of Liberty Broadband in the 3rd quarter worth about $28,000. GAMMA Investing LLC increased its stake in shares of Liberty Broadband by 200.7% during the 3rd quarter. GAMMA Investing LLC now owns 424 shares of the company’s stock worth $33,000 after purchasing an additional 283 shares during the last quarter. Capital Advisors Ltd. LLC grew its stake in shares of Liberty Broadband by 75.8% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 443 shares of the company’s stock worth $34,000 after acquiring an additional 191 shares during the period. Finally, Brooklyn Investment Group purchased a new position in shares of Liberty Broadband in the third quarter worth about $82,000. 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.