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

Investment analysts at StockNews.com began coverage on shares of Liberty Broadband (NASDAQ:LBRDK) in a report released on Saturday. 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 company a “buy” rating in a report on Wednesday, August 14th.

Liberty Broadband Stock Up 0.0 %

LBRDK opened at $86.50 on Friday. The company has a fifty day moving average of $84.64 and a two-hundred day moving average of $67.39. The stock has a market capitalization of $12.36 billion, a price-to-earnings ratio of 15.93 and a beta of 1.02. Liberty Broadband has a fifty-two week low of $46.46 and a fifty-two week high of $101.50. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07.

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

Insider Buying and Selling

In other Liberty Broadband news, CAO Brian J. Wendling sold 2,208 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $75.84, for a total value of $167,454.72. Following the completion of the sale, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Renee L. Wilm sold 4,423 shares of Liberty Broadband stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $76.56, for a total transaction of $338,624.88. Following the completion of the transaction, the insider now directly owns 3,670 shares in the company, 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 6,673 shares of company stock worth $509,688 over the last 90 days. 10.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Assenagon Asset Management S.A. increased its holdings in shares of Liberty Broadband by 107.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 2,899,318 shares of the company’s stock valued at $224,088,000 after purchasing an additional 1,502,249 shares in the last quarter. Whitebox Advisors LLC grew its position in Liberty Broadband by 29.5% during the second quarter. Whitebox Advisors LLC now owns 2,978,107 shares of the company’s stock worth $163,260,000 after buying an additional 677,785 shares during the period. Millennium Management LLC increased its holdings in Liberty Broadband by 67.4% in the second quarter. Millennium Management LLC now owns 1,032,186 shares of the company’s stock valued at $56,584,000 after buying an additional 415,619 shares in the last quarter. Barclays PLC lifted its position in shares of Liberty Broadband by 6.4% during the 3rd quarter. Barclays PLC now owns 6,899,331 shares of the company’s stock valued at $533,251,000 after acquiring an additional 415,496 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Liberty Broadband by 63.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 940,168 shares of the company’s stock worth $72,666,000 after acquiring an additional 366,614 shares in the last quarter. Institutional investors and hedge funds 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.