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

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

Liberty Broadband Trading Up 2.7 %

NASDAQ:LBRDK opened at $79.40 on Friday. The firm has a market cap of $11.34 billion, a price-to-earnings ratio of 14.62 and a beta of 1.04. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. The firm has a 50-day moving average price of $80.32 and a two-hundred day moving average price of $73.48. Liberty Broadband has a 52 week low of $46.46 and a 52 week high of $101.50.

Liberty Broadband (NASDAQ:LBRDK) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $2.68 by ($1.69). The business had revenue of $262.00 million during the quarter, compared to analysts’ expectations of $237.41 million. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. During the same period in the prior year, the firm posted $1.10 EPS. On average, equities analysts expect that Liberty Broadband will post 7.71 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Gregory B. Maffei sold 71,500 shares of Liberty Broadband stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $82.00, for a total value of $5,863,000.00. Following the completion of the sale, the chief executive officer now owns 2,827,013 shares of the company’s stock, valued at approximately $231,815,066. This trade represents a 2.47 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders sold 196,542 shares of company stock valued at $15,834,108 in the last three months. Company insiders own 10.80% of the company’s stock.

Hedge Funds Weigh In On Liberty Broadband

Large investors have recently made changes to their positions in the stock. Groupama Asset Managment bought a new stake in Liberty Broadband during the 3rd quarter worth approximately $25,000. Quarry LP purchased a new position in Liberty Broadband during the third quarter worth about $28,000. GAMMA Investing LLC increased its stake in 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 last quarter. Capital Advisors Ltd. LLC raised its holdings in shares of Liberty Broadband by 75.8% in the 3rd 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. Finally, Blue Trust Inc. lifted its position in Liberty Broadband by 134.3% during the fourth quarter. Blue Trust Inc. now owns 464 shares of the company’s stock valued at $36,000 after purchasing an additional 266 shares during the last quarter. 80.22% of the stock is owned by institutional investors.

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.