Liberty Broadband (NASDAQ:LBRDK) Shares Gap Down – What’s Next?

Liberty Broadband Co. (NASDAQ:LBRDK) gapped down before the market opened on Thursday . The stock had previously closed at $79.77, but opened at $75.13. Liberty Broadband shares last traded at $75.31, with a volume of 76,684 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Liberty Broadband in a report on Friday, January 24th. They issued a “sell” rating on the stock.

Liberty Broadband Trading Down 8.8 %

The firm’s fifty day simple moving average is $79.58 and its 200 day simple moving average is $74.42. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. The stock has a market capitalization of $10.40 billion, a P/E ratio of 13.40 and a beta of 1.04.

Liberty Broadband (NASDAQ:LBRDK) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.99 EPS for the quarter, missing the consensus estimate of $2.68 by ($1.69). The firm had revenue of $262.00 million for the quarter, compared to analyst estimates of $237.41 million. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. During the same quarter in the prior year, the firm earned $1.10 earnings per share. As a group, equities research analysts forecast that Liberty Broadband Co. will post 7.71 EPS for the current fiscal year.

Insider Transactions at Liberty Broadband

In related news, CEO Gregory B. Maffei sold 125,000 shares of the firm’s 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 sale, the chief executive officer now owns 1,435,256 shares of the company’s stock, valued at $114,447,313.44. This trade represents a 8.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders sold 196,542 shares of company stock worth $15,834,108 over the last ninety days. 10.80% of the stock is owned by insiders.

Institutional Trading of Liberty Broadband

Several large investors have recently made changes to their positions in LBRDK. AQR Capital Management LLC purchased a new stake in shares of Liberty Broadband in the second quarter valued at about $326,000. GAMMA Investing LLC increased its stake in Liberty Broadband by 200.7% in the 3rd quarter. GAMMA Investing LLC now owns 424 shares of the company’s stock valued at $33,000 after buying an additional 283 shares during the last quarter. Gateway Investment Advisers LLC bought a new position in shares of Liberty Broadband during the 3rd quarter worth approximately $227,000. BlueDrive Global Investors LLP bought a new position in shares of Liberty Broadband during the 3rd quarter worth approximately $6,251,000. Finally, Whittier Trust Co. boosted its stake in shares of Liberty Broadband by 36.5% in the 3rd quarter. Whittier Trust Co. now owns 8,600 shares of the company’s stock worth $665,000 after buying an additional 2,300 shares during the last quarter. 80.22% of the stock is currently owned by institutional investors and hedge funds.

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.