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

Analysts at StockNews.com started coverage on shares of Liberty Broadband (NASDAQ:LBRDK) in a note issued to investors on Sunday. The brokerage set a “sell” rating on the stock.

Liberty Broadband Price Performance

LBRDK opened at $77.11 on Friday. The company has a market capitalization of $11.02 billion, a P/E ratio of 14.20 and a beta of 1.04. The company has a 50-day moving average of $78.35 and a 200-day moving average of $75.52. 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.

Insiders Place Their Bets

In other Liberty Broadband news, CEO Gregory B. Maffei sold 71,500 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $82.00, for a total value of $5,863,000.00. Following the transaction, the chief executive officer now owns 2,827,013 shares of the company’s stock, valued at $231,815,066. This trade represents a 2.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold a total of 196,542 shares of company stock valued at $15,834,108 in the last quarter. Insiders own 10.80% of the company’s stock.

Institutional Trading of Liberty Broadband

A number of large investors have recently modified their holdings of LBRDK. Groupama Asset Managment acquired a new position in Liberty Broadband during the 3rd quarter worth $25,000. Quarry LP acquired a new position in Liberty Broadband during the 3rd quarter valued at about $28,000. Smartleaf Asset Management LLC raised its position in shares of Liberty Broadband by 61.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 406 shares of the company’s stock worth $30,000 after buying an additional 154 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Liberty Broadband by 200.7% in the 3rd quarter. GAMMA Investing LLC now owns 424 shares of the company’s stock worth $33,000 after acquiring an additional 283 shares during the period. Finally, Capital Advisors Ltd. LLC boosted its holdings in shares of Liberty Broadband by 75.8% in the third quarter. Capital Advisors Ltd. LLC now owns 443 shares of the company’s stock valued at $34,000 after acquiring an additional 191 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.