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

Research analysts at StockNews.com initiated coverage on shares of Liberty Broadband (NASDAQ:LBRDK) in a research note issued to investors on Friday. The brokerage set a “sell” rating on the stock.

Liberty Broadband Trading Up 2.6 %

NASDAQ:LBRDK opened at $83.54 on Friday. The firm has a market capitalization of $11.97 billion, a P/E ratio of 15.38 and a beta of 1.06. The business has a 50 day simple moving average of $79.95 and a 200 day simple moving average of $79.06. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07. Liberty Broadband has a 12-month low of $46.46 and a 12-month high of $101.50.

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of LBRDK. Groupama Asset Managment acquired a new stake in Liberty Broadband in the 3rd quarter valued at about $25,000. Quarry LP acquired a new stake in Liberty Broadband during the third quarter valued at approximately $28,000. Smartleaf Asset Management LLC lifted its stake in Liberty Broadband by 61.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 406 shares of the company’s stock valued at $30,000 after purchasing an additional 154 shares during the last quarter. Blue Trust Inc. boosted its holdings in Liberty Broadband by 134.3% during the fourth quarter. Blue Trust Inc. now owns 464 shares of the company’s stock worth $36,000 after buying an additional 266 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its position in Liberty Broadband by 138.0% in the fourth quarter. Jones Financial Companies Lllp now owns 488 shares of the company’s stock worth $36,000 after buying an additional 283 shares during the last quarter. 80.22% of the stock is owned by institutional investors and hedge funds.

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.