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

Equities research analysts at StockNews.com initiated coverage on shares of Liberty Broadband (NASDAQ:LBRDK) in a report released on Monday. The firm set a “sell” rating on the stock.

Liberty Broadband Trading Up 0.6 %

Shares of NASDAQ:LBRDK opened at $81.58 on Monday. Liberty Broadband has a 1 year low of $46.46 and a 1 year high of $101.50. The firm has a fifty day moving average price of $77.71 and a 200 day moving average price of $75.99. 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 market capitalization of $11.65 billion, a PE ratio of 15.02 and a beta of 1.04.

Insider Activity at Liberty Broadband

In other Liberty Broadband news, CEO Gregory B. Maffei sold 71,500 shares of Liberty Broadband stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 2,827,013 shares of the company’s stock, valued at $231,815,066. The trade was a 2.47 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In the last three months, insiders have sold 196,542 shares of company stock worth $15,834,108. 10.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Liberty Broadband

Hedge funds and other institutional investors have recently modified their holdings of the stock. Barclays PLC boosted its holdings in 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 period. Hi Line Capital Management LLC raised its position in shares of Liberty Broadband by 498.4% during the third quarter. Hi Line Capital Management LLC now owns 141,056 shares of the company’s stock valued at $10,902,000 after buying an additional 117,483 shares during the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of Liberty Broadband in the third quarter valued at about $861,000. Point72 Asset Management L.P. grew its position in Liberty Broadband by 54.8% during the third quarter. Point72 Asset Management L.P. now owns 294,641 shares of the company’s stock worth $22,773,000 after buying an additional 104,272 shares in the last quarter. Finally, International Assets Investment Management LLC increased its stake in Liberty Broadband by 9,029.0% during the third quarter. International Assets Investment Management LLC now owns 12,598 shares of the company’s stock valued at $974,000 after acquiring an additional 12,460 shares during the period. Institutional investors and hedge funds 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.