Liberty Broadband Co. (NASDAQ:LBRDK) Short Interest Update

Liberty Broadband Co. (NASDAQ:LBRDK) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 5,040,000 shares, an increase of 7.9% from the August 15th total of 4,670,000 shares. Based on an average daily volume of 853,100 shares, the days-to-cover ratio is currently 5.9 days. Currently, 4.5% of the shares of the company are short sold.

Analysts Set New Price Targets

LBRDK has been the subject of several recent research reports. Morgan Stanley increased their price target on Liberty Broadband from $62.00 to $69.00 and gave the stock an “equal weight” rating in a report on Friday, July 19th. Rosenblatt Securities lifted their price objective on Liberty Broadband from $80.00 to $91.00 and gave the company a “buy” rating in a report on Wednesday, August 14th.

Liberty Broadband Price Performance

Shares of LBRDK traded down $0.11 during mid-day trading on Wednesday, reaching $61.68. 102,170 shares of the company’s stock were exchanged, compared to its average volume of 1,128,042. Liberty Broadband has a 52-week low of $46.46 and a 52-week high of $95.53. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.39. The company has a 50-day simple moving average of $61.29 and a two-hundred day simple moving average of $55.92. The company has a market cap of $8.81 billion, a price-to-earnings ratio of 10.49 and a beta of 1.02.

Liberty Broadband (NASDAQ:LBRDK) last posted its quarterly earnings data on Thursday, August 8th. The company reported $1.36 EPS for the quarter, missing analysts’ consensus estimates of $2.51 by ($1.15). The company had revenue of $246.00 million for the quarter, compared to analysts’ expectations of $244.25 million. Liberty Broadband had a return on equity of 8.79% and a net margin of 81.86%. During the same quarter in the prior year, the business posted $1.71 EPS. On average, sell-side analysts predict that Liberty Broadband will post 9.05 EPS for the current fiscal year.

Institutional Investors Weigh In On Liberty Broadband

Hedge funds have recently modified their holdings of the stock. FORA Capital LLC purchased a new stake in shares of Liberty Broadband during the 1st quarter worth about $1,855,000. Mango Investments LLC purchased a new stake in Liberty Broadband during the 4th quarter worth $49,570,000. Qsemble Capital Management LP acquired a new stake in Liberty Broadband in the 1st quarter valued at $1,308,000. SG Americas Securities LLC raised its position in Liberty Broadband by 1,551.1% in the first quarter. SG Americas Securities LLC now owns 66,970 shares of the company’s stock valued at $3,833,000 after purchasing an additional 62,914 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Liberty Broadband by 5.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 490,650 shares of the company’s stock worth $39,541,000 after purchasing an additional 26,960 shares in the last quarter. 80.22% of the stock is 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.