Liberty Broadband (NASDAQ:LBRDA) Shares Gap Down - What's Next?

Liberty Broadband Co. (NASDAQ:LBRDA - Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $79.22, but opened at $74.90. Liberty Broadband shares last traded at $74.71, with a volume of 33,187 shares.

Analysts Set New Price Targets

Several analysts have commented on the company. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $95.00 price objective (up from $90.00) on shares of Liberty Broadband in a research note on Friday, November 15th. Rosenblatt Securities lowered shares of Liberty Broadband from a "buy" rating to a "neutral" rating and lifted their price objective for the company from $91.00 to $92.00 in a research report on Thursday, November 14th.

Liberty Broadband Stock Up 2.8 %

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 firm's 50-day moving average price is $78.70 and its 200 day moving average price is $73.67. The firm has a market capitalization of $10.86 billion, a price-to-earnings ratio of 14.00 and a beta of 1.06.

Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported $0.99 EPS for the quarter, missing analysts' consensus estimates of $1.65 by ($0.66). Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The company had revenue of $262.00 million for the quarter, compared to analyst estimates of $242.40 million. During the same quarter last year, the company posted $1.10 EPS.

Insider Buying and Selling

In other news, CEO Gregory B. Maffei sold 71,500 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $82.00, for a total transaction of $5,863,000.00. Following the transaction, the chief executive officer now directly owns 2,827,013 shares in the company, valued at $231,815,066. This represents a 2.47 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Over the last 90 days, insiders have sold 196,542 shares of company stock worth $15,834,108. 14.19% of the stock is owned by insiders.

Hedge Funds Weigh In On Liberty Broadband

Institutional investors and hedge funds have recently bought and sold shares of the stock. Signaturefd LLC grew its holdings in shares of Liberty Broadband by 9.1% during the 3rd quarter. Signaturefd LLC now owns 2,119 shares of the company's stock worth $163,000 after purchasing an additional 177 shares during the period. Franklin Resources Inc. acquired a new stake in shares of Liberty Broadband in the third quarter worth $30,000. GAMMA Investing LLC raised its stake in shares of Liberty Broadband by 161.8% in the 3rd quarter. GAMMA Investing LLC now owns 631 shares of the company's stock valued at $48,000 after acquiring an additional 390 shares during the period. American National Bank & Trust acquired a new position in shares of Liberty Broadband during the 3rd quarter valued at $32,000. Finally, Glenmede Trust Co. NA boosted its position in Liberty Broadband by 116.6% during the 3rd quarter. Glenmede Trust Co. NA now owns 990 shares of the company's stock worth $76,000 after purchasing an additional 533 shares during the period. Institutional investors and hedge funds own 10.29% of the company's 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. 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.