Liberty Broadband (NASDAQ:LBRDK) Now Covered by Analysts at StockNews.com

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

Liberty Broadband Stock Performance

NASDAQ LBRDK opened at $86.56 on Wednesday. The business’s 50-day moving average price is $78.44 and its 200 day moving average price is $77.61. Liberty Broadband has a twelve month low of $46.46 and a twelve month high of $101.50. The company has a market capitalization of $12.36 billion, a PE ratio of 15.94 and a beta of 1.04. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40.

Liberty Broadband (NASDAQ:LBRDK) last released its earnings results on Thursday, February 27th. The company reported $2.04 earnings per share for the quarter, missing the consensus estimate of $3.67 by ($1.63). Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. The business had revenue of $253.00 million for the quarter, compared to analysts’ expectations of $252.50 million. On average, research analysts predict that Liberty Broadband will post 7.71 earnings per share for the current 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 dated 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 sale, the chief executive officer now directly owns 1,435,256 shares in the company, valued at approximately $114,447,313.44. This trade represents a 8.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 10.80% of the company’s stock.

Institutional Investors Weigh In On Liberty Broadband

Several hedge funds have recently modified their holdings of LBRDK. Forum Financial Management LP purchased a new stake in shares of Liberty Broadband during the 3rd quarter valued at about $215,000. Atria Investments Inc acquired a new stake in Liberty Broadband during the 3rd quarter valued at approximately $254,000. Venturi Wealth Management LLC grew its stake in Liberty Broadband by 45.6% during the 3rd quarter. Venturi Wealth Management LLC now owns 4,242 shares of the company’s stock valued at $328,000 after purchasing an additional 1,328 shares in the last quarter. Oppenheimer Asset Management Inc. grew its stake in Liberty Broadband by 2.7% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 40,621 shares of the company’s stock valued at $3,140,000 after purchasing an additional 1,052 shares in the last quarter. Finally, KBC Group NV grew its stake in Liberty Broadband by 6.9% during the 3rd quarter. KBC Group NV now owns 5,893 shares of the company’s stock valued at $455,000 after purchasing an additional 382 shares in the last quarter. 80.22% of the stock is currently owned by hedge funds and other institutional investors.

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.