Equities researchers at StockNews.com assumed coverage on shares of Liberty Broadband (NASDAQ:LBRDK - Get Free Report) in a research note issued to investors on Thursday. The brokerage set a "sell" rating on the stock.
Liberty Broadband Price Performance
Shares of NASDAQ LBRDK opened at $80.27 on Thursday. The firm has a market capitalization of $11.50 billion, a P/E ratio of 14.78 and a beta of 1.06. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. The stock's 50-day simple moving average is $79.31 and its two-hundred day simple moving average is $78.39. Liberty Broadband has a twelve month low of $46.46 and a twelve month high of $101.50.
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 the consensus estimate of $3.67 by ($1.63). The firm had revenue of $253.00 million for the quarter, compared to the consensus estimate of $252.50 million. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. As a group, equities analysts anticipate that Liberty Broadband will post 7.71 EPS for the current fiscal year.
Insider Activity
In related news, CEO Gregory B. Maffei sold 125,000 shares of the firm's stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 1,435,256 shares in the company, valued at $114,447,313.44. This trade represents a 8.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 10.80% of the company's stock.
Hedge Funds Weigh In On Liberty Broadband
Several institutional investors and hedge funds have recently bought and sold shares of LBRDK. Groupama Asset Managment bought a new stake in shares of Liberty Broadband in the 3rd quarter worth approximately $25,000. Quarry LP bought a new stake in shares of Liberty Broadband in the 3rd quarter worth approximately $28,000. Smartleaf Asset Management LLC grew its position in shares of Liberty Broadband by 61.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 406 shares of the company's stock worth $30,000 after buying an additional 154 shares during the last quarter. Blue Trust Inc. grew its position in shares of Liberty Broadband by 134.3% in the 4th quarter. Blue Trust Inc. now owns 464 shares of the company's stock worth $36,000 after buying an additional 266 shares during the last quarter. Finally, Jones Financial Companies Lllp grew 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 buying an additional 283 shares during the last quarter. 80.22% of the stock is currently owned by institutional investors.
Liberty Broadband Company Profile
(
Get Free Report)
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.
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