StockNews.com Initiates Coverage on Liberty Broadband (NASDAQ:LBRDK)

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

Liberty Broadband Stock Up 0.2 %

Shares of NASDAQ LBRDK opened at $83.69 on Friday. 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 $11.99 billion, a P/E ratio of 15.41 and a beta of 1.06. Liberty Broadband has a 1 year low of $46.46 and a 1 year high of $101.50. The firm has a 50-day simple moving average of $80.15 and a two-hundred day simple moving average of $79.20.

Liberty Broadband (NASDAQ:LBRDK) last issued its quarterly earnings results on Thursday, February 27th. The company reported $2.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $252.50 million. Research analysts anticipate that Liberty Broadband will post 7.71 earnings per share for the current year.

Institutional Investors Weigh In On Liberty Broadband

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Groupama Asset Managment bought a new stake in Liberty Broadband during the 3rd quarter valued at $25,000. Quarry LP bought a new stake in Liberty Broadband during the 3rd quarter valued at $28,000. Smartleaf Asset Management LLC raised its holdings in shares of Liberty Broadband by 61.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 406 shares of the company’s stock valued at $30,000 after acquiring an additional 154 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Liberty Broadband by 134.3% in the fourth quarter. Blue Trust Inc. now owns 464 shares of the company’s stock valued at $36,000 after acquiring an additional 266 shares in the last quarter. Finally, Lee Danner & Bass Inc. bought a new stake in shares of Liberty Broadband in the fourth quarter valued at about $36,000. Institutional investors own 80.22% of the company’s stock.

Liberty Broadband Company Profile

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.