Liberty Broadband (NASDAQ:LBRDK) Coverage Initiated by Analysts at StockNews.com

Research analysts at StockNews.com began coverage on shares of Liberty Broadband (NASDAQ:LBRDK) in a research note issued on Friday. The firm set a “sell” rating on the stock.

Separately, Rosenblatt Securities upped their target price on Liberty Broadband from $80.00 to $91.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th.

Liberty Broadband Trading Down 1.1 %

Shares of LBRDK stock opened at $84.38 on Friday. The stock has a market cap of $12.05 billion, a P/E ratio of 15.54 and a beta of 1.02. Liberty Broadband has a 1 year low of $46.46 and a 1 year high of $101.50. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40. The stock has a 50 day simple moving average of $83.02 and a 200 day simple moving average of $66.27.

Liberty Broadband (NASDAQ:LBRDK) last released its earnings results on Thursday, November 7th. The company reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates of $2.68 by ($1.69). Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The company had revenue of $262.00 million for the quarter, compared to the consensus estimate of $237.41 million. During the same quarter in the previous year, the company posted $1.10 earnings per share. On average, research analysts predict that Liberty Broadband will post 6.72 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Brian J. Wendling sold 2,208 shares of Liberty Broadband stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $75.84, for a total transaction of $167,454.72. Following the transaction, the chief accounting officer now owns 11,054 shares in the company, valued at approximately $838,335.36. The trade was a 16.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Renee L. Wilm sold 4,423 shares of the stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $76.56, for a total value of $338,624.88. Following the completion of the sale, the insider now owns 3,670 shares of the company’s stock, valued at $280,975.20. The trade was a 54.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,673 shares of company stock valued at $509,688 in the last 90 days. Corporate insiders own 10.80% of the company’s stock.

Hedge Funds Weigh In On Liberty Broadband

A number of hedge funds have recently made changes to their positions in LBRDK. Versant Capital Management Inc lifted its holdings in Liberty Broadband by 4,888.9% in the second quarter. Versant Capital Management Inc now owns 449 shares of the company’s stock valued at $25,000 after buying an additional 440 shares during the period. Groupama Asset Managment bought a new stake in Liberty Broadband in the third quarter valued at $25,000. Quarry LP acquired a new position in shares of Liberty Broadband during the third quarter valued at about $28,000. GAMMA Investing LLC boosted its position 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 in the last quarter. Finally, Capital Advisors Ltd. LLC grew its stake in shares of Liberty Broadband by 75.8% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 443 shares of the company’s stock valued at $34,000 after buying an additional 191 shares during the period. 80.22% of the stock is currently owned by 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.