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

Liberty Broadband Co. (NASDAQ:LBRDK - Get Free Report) was the recipient of a large drop in short interest in February. As of February 15th, there was short interest totalling 2,810,000 shares, a drop of 23.0% from the January 31st total of 3,650,000 shares. Based on an average daily volume of 883,700 shares, the days-to-cover ratio is presently 3.2 days. Currently, 2.5% of the shares of the stock are sold short.

Insider Buying and Selling

In other Liberty Broadband news, CEO Gregory B. Maffei sold 125,000 shares of the business's stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $79.74, for a total value of $9,967,500.00. Following the completion of the transaction, the chief executive officer now directly owns 1,435,256 shares in the company, valued at approximately $114,447,313.44. The trade was a 8.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 10.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Liberty Broadband

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Groupama Asset Managment acquired a new position in shares of Liberty Broadband in the 3rd quarter valued at approximately $25,000. Quarry LP bought a new stake in shares of Liberty Broadband in the third quarter worth $28,000. Smartleaf Asset Management LLC raised its holdings in Liberty Broadband by 61.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 406 shares of the company's stock valued at $30,000 after acquiring an additional 154 shares in the last quarter. Blue Trust Inc. grew its holdings in Liberty Broadband by 134.3% during the 4th quarter. Blue Trust Inc. now owns 464 shares of the company's stock worth $36,000 after acquiring an additional 266 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its position in shares of Liberty Broadband by 138.0% in the 4th quarter. Jones Financial Companies Lllp now owns 488 shares of the company's stock worth $36,000 after purchasing an additional 283 shares during the last quarter. Hedge funds and other institutional investors own 80.22% of the company's stock.

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Liberty Broadband Trading Down 0.3 %

Shares of NASDAQ LBRDK traded down $0.26 during midday trading on Friday, hitting $87.13. The stock had a trading volume of 808,059 shares, compared to its average volume of 860,805. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. Liberty Broadband has a 1-year low of $46.46 and a 1-year high of $101.50. The company has a market capitalization of $12.45 billion, a price-to-earnings ratio of 16.05 and a beta of 1.04. The company has a fifty day moving average price of $78.65 and a 200 day moving average price of $77.68.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The company reported $2.04 EPS for the quarter, missing the consensus estimate of $3.67 by ($1.63). Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The company had revenue of $253.00 million during the quarter, compared to analysts' expectations of $252.50 million. On average, analysts predict that Liberty Broadband will post 7.71 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Liberty Broadband in a research note on Wednesday. They set a "sell" rating for the company.

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.