Liberty Broadband (NASDAQ:LBRDK) Coverage Initiated by Analysts at StockNews.com

Equities researchers at StockNews.com began coverage on shares of Liberty Broadband (NASDAQ:LBRDK - Get Free Report) in a report issued on Monday. The brokerage set a "sell" rating on the stock.

Liberty Broadband Trading Down 1.4 %

Shares of LBRDK traded down $1.12 during mid-day trading on Monday, hitting $76.38. 963,003 shares of the company's stock traded hands, compared to its average volume of 1,192,724. The business's 50-day moving average price is $85.13 and its 200-day moving average price is $69.81. Liberty Broadband has a 1 year low of $46.46 and a 1 year high of $101.50. The firm has a market capitalization of $10.91 billion, a P/E ratio of 14.07 and a beta of 1.02. 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 (NASDAQ:LBRDK - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $2.68 by ($1.69). Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The firm had revenue of $262.00 million for the quarter, compared to the consensus estimate of $237.41 million. During the same quarter in the prior year, the firm earned $1.10 earnings per share. As a group, sell-side analysts forecast that Liberty Broadband will post 6.72 EPS for the current fiscal year.

Insider Buying and Selling at Liberty Broadband

In related news, insider Renee L. Wilm sold 4,423 shares of the firm's stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $76.56, for a total value of $338,624.88. Following the transaction, the insider now owns 3,670 shares of the company's stock, valued at approximately $280,975.20. This trade represents a 54.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Gregory B. Maffei sold 71,500 shares of the company's stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 2,827,013 shares of the company's stock, valued at approximately $231,815,066. This represents a 2.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 203,173 shares of company stock worth $16,340,188. Company insiders own 10.80% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in LBRDK. Barclays PLC boosted its holdings in Liberty Broadband by 6.4% in the 3rd quarter. Barclays PLC now owns 6,899,331 shares of the company's stock worth $533,251,000 after buying an additional 415,496 shares during the period. Whitebox Advisors LLC lifted its position in shares of Liberty Broadband by 29.5% in the second quarter. Whitebox Advisors LLC now owns 2,978,107 shares of the company's stock valued at $163,260,000 after acquiring an additional 677,785 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Liberty Broadband by 107.5% in the third quarter. Assenagon Asset Management S.A. now owns 2,899,318 shares of the company's stock worth $224,088,000 after acquiring an additional 1,502,249 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Liberty Broadband by 19.1% during the second quarter. Dimensional Fund Advisors LP now owns 2,062,256 shares of the company's stock worth $113,045,000 after purchasing an additional 330,159 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Liberty Broadband by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,014,571 shares of the company's stock valued at $155,736,000 after purchasing an additional 31,484 shares during the period. 80.22% of the stock is owned by hedge funds and other institutional investors.

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.