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

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

Liberty Broadband Stock Down 3.4 %

Shares of NASDAQ LBRDK opened at $85.13 on Friday. The stock has a fifty day moving average price of $81.25 and a 200 day moving average price of $80.10. 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 12-month low of $46.46 and a 12-month high of $101.50. The company has a market cap of $12.20 billion, a P/E ratio of 15.68 and a beta of 1.06.

Liberty Broadband (NASDAQ:LBRDK) last posted its earnings results on Thursday, February 27th. The company reported $2.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.67 by ($1.63). The company had revenue of $253.00 million during the quarter, compared to analyst estimates of $252.50 million. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. Research analysts anticipate that Liberty Broadband will post 7.71 EPS for the current fiscal year.

Institutional Investors Weigh In On Liberty Broadband

A number of hedge funds have recently bought and sold shares of the business. Cerity Partners LLC grew its stake in Liberty Broadband by 8.3% in the third quarter. Cerity Partners LLC now owns 7,357 shares of the company’s stock worth $569,000 after purchasing an additional 562 shares in the last quarter. Daiwa Securities Group Inc. acquired a new position in shares of Liberty Broadband in the 3rd quarter worth approximately $470,000. Bank of Montreal Can increased its holdings in shares of Liberty Broadband by 6.7% in the 3rd quarter. Bank of Montreal Can now owns 275,606 shares of the company’s stock valued at $21,536,000 after acquiring an additional 17,394 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Liberty Broadband by 0.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 27,186 shares of the company’s stock valued at $2,101,000 after acquiring an additional 125 shares in the last quarter. Finally, FMR LLC boosted its holdings in Liberty Broadband by 104.4% in the third quarter. FMR LLC now owns 563,964 shares of the company’s stock worth $43,589,000 after purchasing an additional 288,078 shares during the period. 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.