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

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

Liberty Broadband Stock Up 2.7 %

NASDAQ:LBRDK opened at $76.66 on Friday. The company has a market cap of $10.95 billion, a price-to-earnings ratio of 14.12 and a beta of 1.04. Liberty Broadband has a twelve month low of $46.46 and a twelve month 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 fifty day simple moving average of $79.34 and a 200-day simple moving average of $74.42.

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 analysts’ consensus estimates of $2.68 by ($1.69). The company had revenue of $262.00 million for the quarter, compared to the consensus estimate 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 business earned $1.10 EPS. Analysts anticipate that Liberty Broadband will post 7.71 EPS for the current year.

Insider Buying and Selling

In related news, CEO Gregory B. Maffei sold 125,000 shares of Liberty Broadband stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $79.74, for a total transaction 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. This trade represents a 8.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders have sold a total of 196,542 shares of company stock valued at $15,834,108 over the last quarter. 10.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Liberty Broadband

Hedge funds and other institutional investors have recently bought and sold shares of the company. AQR Capital Management LLC purchased a new stake in Liberty Broadband during the 2nd quarter worth approximately $326,000. GAMMA Investing LLC increased its holdings in shares of Liberty Broadband by 200.7% in the third quarter. GAMMA Investing LLC now owns 424 shares of the company’s stock valued at $33,000 after purchasing an additional 283 shares during the period. Gateway Investment Advisers LLC purchased a new position in shares of Liberty Broadband in the third quarter worth about $227,000. BlueDrive Global Investors LLP acquired a new position in Liberty Broadband in the 3rd quarter worth approximately $6,251,000. Finally, Whittier Trust Co. raised its position in Liberty Broadband by 36.5% during the 3rd quarter. Whittier Trust Co. now owns 8,600 shares of the company’s stock worth $665,000 after buying an additional 2,300 shares during the last quarter. Hedge funds and other 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.