Liberty Broadband (NASDAQ:LBRDA - Get Free Report) announced its quarterly earnings results on Thursday. The company reported $2.04 earnings per share for the quarter, topping analysts' consensus estimates of $1.73 by $0.31, Zacks reports. The business had revenue of $263.00 million for the quarter, compared to analysts' expectations of $252.50 million. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%.
Liberty Broadband Stock Performance
LBRDA stock traded up $2.25 on Monday, reaching $83.78. The company's stock had a trading volume of 34,183 shares, compared to its average volume of 101,036. Liberty Broadband has a 52 week low of $47.17 and a 52 week high of $100.44. The company has a market capitalization of $11.97 billion, a P/E ratio of 15.43 and a beta of 1.07. The firm has a fifty day moving average of $77.28 and a two-hundred day moving average of $76.52. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07.
Insider Buying and Selling
In other Liberty Broadband news, CEO Gregory B. Maffei sold 125,000 shares of the stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $79.74, for a total transaction of $9,967,500.00. Following the completion of the transaction, the chief executive officer now directly owns 1,435,256 shares of the company's stock, valued at approximately $114,447,313.44. This trade represents a 8.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 14.19% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $95.00 price target (up from $90.00) on shares of Liberty Broadband in a research report on Friday, November 15th. Rosenblatt Securities cut Liberty Broadband from a "buy" rating to a "neutral" rating and increased their price target for the stock from $91.00 to $92.00 in a research report on Thursday, November 14th.
Check Out Our Latest Report on Liberty Broadband
Liberty Broadband Company Profile
(
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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.
Further Reading
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