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

Equities research analysts at StockNews.com assumed coverage on shares of Liberty Broadband (NASDAQ:LBRDK) in a research report issued to clients and investors on Sunday. The brokerage set a “sell” rating on the stock.

Liberty Broadband Trading Down 1.1 %

Shares of Liberty Broadband stock opened at $82.38 on Friday. Liberty Broadband has a 1 year low of $46.46 and a 1 year high of $101.50. The company’s fifty day simple moving average is $85.11 and its 200-day simple moving average is $68.77. The company has a market cap of $11.77 billion, a price-to-earnings ratio of 15.17 and a beta of 1.02. 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 announced its quarterly earnings data on Thursday, November 7th. The company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $2.68 by ($1.69). The firm had revenue of $262.00 million for the quarter, compared to analyst estimates of $237.41 million. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. During the same period in the previous year, the business posted $1.10 EPS. As a group, sell-side analysts expect that Liberty Broadband will post 6.72 EPS for the current year.

Insider Buying and Selling at Liberty Broadband

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

Hedge Funds Weigh In On Liberty Broadband

Institutional investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company increased its stake in shares of Liberty Broadband by 0.5% during the third quarter. The Manufacturers Life Insurance Company now owns 27,186 shares of the company’s stock worth $2,101,000 after purchasing an additional 125 shares during the period. Capital Advisors Ltd. LLC grew its holdings in 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 in the last quarter. GAMMA Investing LLC increased its position in 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 buying an additional 283 shares during the period. Groupama Asset Managment acquired a new stake in shares of Liberty Broadband during the third quarter worth $25,000. Finally, Quarry LP bought a new stake in shares of Liberty Broadband in the third quarter valued at about $28,000. 80.22% of the stock is currently owned by institutional investors and hedge funds.

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.