StockNews.com Initiates Coverage on Liberty Broadband (NASDAQ:LBRDK)

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

Liberty Broadband Stock Up 0.6 %

LBRDK stock opened at $75.98 on Thursday. The stock has a market cap of $10.85 billion, a P/E ratio of 13.99 and a beta of 1.04. 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 has a twelve month low of $46.46 and a twelve month high of $101.50. The company’s 50 day moving average is $82.84 and its two-hundred day moving average is $72.68.

Liberty Broadband (NASDAQ:LBRDK) last announced 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 for the quarter, compared to analyst estimates of $237.41 million. During the same quarter in the prior year, the business earned $1.10 earnings per share. Research analysts expect that Liberty Broadband will post 6.72 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Gregory B. Maffei sold 125,000 shares of Liberty Broadband stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $79.74, for a total value of $9,967,500.00. Following the transaction, the chief executive officer now directly owns 1,435,256 shares of the company’s stock, valued at $114,447,313.44. The trade was a 8.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last three months, insiders sold 196,542 shares of company stock valued at $15,834,108. Insiders own 10.80% of the company’s stock.

Institutional Trading of Liberty Broadband

A number of large investors have recently bought and sold shares of the business. Barclays PLC grew its stake in shares of Liberty Broadband by 6.4% in the 3rd quarter. Barclays PLC now owns 6,899,331 shares of the company’s stock valued at $533,251,000 after purchasing an additional 415,496 shares during the last quarter. Assenagon Asset Management S.A. grew its position in Liberty Broadband by 23.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 3,585,407 shares of the company’s stock valued at $268,045,000 after buying an additional 686,089 shares during the last quarter. Whitebox Advisors LLC grew its position in Liberty Broadband by 29.5% in the 2nd quarter. Whitebox Advisors LLC now owns 2,978,107 shares of the company’s stock valued at $163,260,000 after buying an additional 677,785 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in 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 buying an additional 330,159 shares during the period. Finally, Geode Capital Management LLC raised its position in Liberty Broadband by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,014,571 shares of the company’s stock worth $155,736,000 after buying an additional 31,484 shares during 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.