Liberty Broadband Co. (NASDAQ:LBRDA) Short Interest Update

Liberty Broadband Co. (NASDAQ:LBRDA - Get Free Report) saw a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 201,100 shares, a decrease of 16.8% from the March 15th total of 241,600 shares. Based on an average trading volume of 120,200 shares, the days-to-cover ratio is currently 1.7 days. Currently, 1.2% of the company's shares are sold short.

Liberty Broadband Stock Down 0.8 %

LBRDA traded down $0.64 during trading on Thursday, hitting $76.75. The stock had a trading volume of 20,163 shares, compared to its average volume of 152,864. The stock has a 50 day simple moving average of $80.69 and a two-hundred day simple moving average of $80.75. 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 twelve month low of $47.17 and a twelve month high of $100.44. The company has a market capitalization of $11.00 billion, a PE ratio of 14.10 and a beta of 1.03.

Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported $2.04 EPS for the quarter, beating the consensus estimate of $1.73 by $0.31. The firm had revenue of $263.00 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%.

Hedge Funds Weigh In On Liberty Broadband

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its stake in shares of Liberty Broadband by 891.9% during the 4th quarter. Farther Finance Advisors LLC now owns 367 shares of the company's stock valued at $27,000 after buying an additional 330 shares during the last quarter. Franklin Resources Inc. purchased a new position in Liberty Broadband during the third quarter valued at approximately $30,000. American National Bank & Trust acquired a new position in Liberty Broadband in the first quarter valued at approximately $32,000. Sterling Capital Management LLC boosted its position in Liberty Broadband by 48.2% in the 4th quarter. Sterling Capital Management LLC now owns 815 shares of the company's stock worth $61,000 after purchasing an additional 265 shares in the last quarter. Finally, AlphaQuest LLC grew its stake in shares of Liberty Broadband by 4,115.0% during the 4th quarter. AlphaQuest LLC now owns 843 shares of the company's stock worth $63,000 after purchasing an additional 823 shares during the period. Hedge funds and other institutional investors own 10.29% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Benchmark decreased their price target on shares of Liberty Broadband from $130.00 to $115.00 and set a "buy" rating for the company in a research note on Monday, March 31st. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $86.20.

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. Its Charter segment offers subscription-based Internet and video services, and mobile and voice services; and state-of-the-art residential and business services, which includes Spectrum Internet, TV, mobile and voice for small and medium-sized companies; Spectrum Business provides a suite of broadband products and services for businesses and government application; Spectrum Enterprise offers customized fiber-based solutions; Spectrum Reach provides advertising and production for the modern media landscape.