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

StockNews.com initiated coverage on shares of Liberty Broadband (NASDAQ:LBRDK) in a report issued on Wednesday. The brokerage set a “sell” rating on the stock.

Liberty Broadband Trading Down 0.6 %

Liberty Broadband stock opened at $75.53 on Wednesday. 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 has a 1 year low of $46.46 and a 1 year high of $101.50. The firm’s 50-day moving average is $84.07 and its 200-day moving average is $71.91. The company has a market cap of $10.79 billion, a P/E ratio of 13.91 and a beta of 1.04.

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

Insiders Place Their Bets

In related news, CEO Gregory B. Maffei sold 71,500 shares of Liberty Broadband stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $82.00, for a total transaction of $5,863,000.00. Following the sale, the chief executive officer now directly owns 2,827,013 shares in the company, valued at $231,815,066. The trade was a 2.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders sold 196,542 shares of company stock worth $15,834,108. Insiders own 10.80% of the company’s stock.

Institutional Trading of Liberty Broadband

A number of hedge funds and other institutional investors have recently modified their holdings of LBRDK. Barclays PLC grew its position in Liberty Broadband by 6.4% in the third quarter. Barclays PLC now owns 6,899,331 shares of the company’s stock worth $533,251,000 after buying an additional 415,496 shares during the last quarter. Whitebox Advisors LLC raised its position in shares of 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 purchasing an additional 677,785 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of Liberty Broadband by 107.5% during the third 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 during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Liberty Broadband by 19.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,062,256 shares of the company’s stock valued at $113,045,000 after purchasing an additional 330,159 shares during the period. Finally, Geode Capital Management LLC increased its stake in Liberty Broadband by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,014,571 shares of the company’s stock worth $155,736,000 after purchasing an additional 31,484 shares in the last quarter. Institutional investors own 80.22% of the company’s stock.

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.