Liberty Broadband Co. (NASDAQ:LBRDK) Short Interest Up 46.6% in February

Liberty Broadband Co. (NASDAQ:LBRDK - Get Free Report) was the target of a significant increase in short interest in February. As of February 28th, there was short interest totalling 4,120,000 shares, an increase of 46.6% from the February 13th total of 2,810,000 shares. Based on an average trading volume of 901,400 shares, the days-to-cover ratio is presently 4.6 days. Approximately 3.6% of the shares of the stock are short sold.

Liberty Broadband Trading Down 0.7 %

Liberty Broadband stock traded down $0.55 during trading on Wednesday, reaching $81.40. 688,043 shares of the company were exchanged, compared to its average volume of 1,011,793. Liberty Broadband has a 52-week low of $46.46 and a 52-week high of $101.50. The company has a market capitalization of $11.66 billion, a P/E ratio of 14.99 and a beta of 1.06. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07. The stock's 50 day simple moving average is $79.81 and its two-hundred day simple moving average is $79.02.

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

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Hedge Funds Weigh In On Liberty Broadband

A number of institutional investors have recently added to or reduced their stakes in LBRDK. Groupama Asset Managment acquired a new stake in Liberty Broadband during the third quarter worth $25,000. Quarry LP acquired a new stake in Liberty Broadband during the third quarter worth $28,000. Smartleaf Asset Management LLC increased 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 worth $30,000 after acquiring an additional 154 shares during the last quarter. Blue Trust Inc. increased its stake 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 acquiring an additional 266 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its stake in Liberty Broadband by 138.0% during the fourth quarter. Jones Financial Companies Lllp now owns 488 shares of the company's stock worth $36,000 after acquiring an additional 283 shares during the last quarter. Hedge funds and other institutional investors own 80.22% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Liberty Broadband in a research report on Thursday, March 13th. They issued a "sell" rating on the 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.