StockNews.com Begins Coverage on Liberty Broadband (NASDAQ:LBRDK)

StockNews.com assumed coverage on shares of Liberty Broadband (NASDAQ:LBRDK - Free Report) in a research report sent to investors on Thursday morning. The firm issued a sell rating on the stock.

Separately, Rosenblatt Securities raised their price target on Liberty Broadband from $80.00 to $91.00 and gave the stock a "buy" rating in a research note on Wednesday, August 14th.

Liberty Broadband Stock Performance

Shares of LBRDK stock opened at $87.56 on Thursday. The company has a market capitalization of $12.51 billion, a price-to-earnings ratio of 16.13 and a beta of 1.02. Liberty Broadband has a 1-year low of $46.46 and a 1-year high of $101.50. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40. The stock's fifty day simple moving average is $80.15 and its 200-day simple moving average is $64.98.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last released its 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). The business had revenue of $262.00 million for the quarter, compared to analysts' expectations of $237.41 million. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. During the same period last year, the firm earned $1.10 EPS. On average, sell-side analysts predict that Liberty Broadband will post 6.72 earnings per share for the current fiscal year.

Insider Activity at Liberty Broadband

In other Liberty Broadband news, CAO Brian J. Wendling sold 2,208 shares of the company's stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $75.84, for a total value of $167,454.72. Following the completion of the transaction, the chief accounting officer now owns 11,054 shares of the company's stock, valued at $838,335.36. This represents a 16.65 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Renee L. Wilm sold 4,423 shares of the stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $76.56, for a total transaction of $338,624.88. Following the completion of the transaction, the insider now owns 3,670 shares of the company's stock, valued at approximately $280,975.20. This represents a 54.65 % decrease in their position. The disclosure for this sale can be found here. 10.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Liberty Broadband

Several institutional investors have recently added to or reduced their stakes in LBRDK. Versant Capital Management Inc increased its stake in shares of Liberty Broadband by 4,888.9% in the second quarter. Versant Capital Management Inc now owns 449 shares of the company's stock valued at $25,000 after buying an additional 440 shares in the last quarter. Groupama Asset Managment acquired a new stake in Liberty Broadband in the 3rd quarter valued at about $25,000. Quarry LP bought a new position in shares of Liberty Broadband in the third quarter worth about $28,000. GAMMA Investing LLC lifted its position in shares of Liberty Broadband by 200.7% during the third quarter. GAMMA Investing LLC now owns 424 shares of the company's stock worth $33,000 after purchasing an additional 283 shares in the last quarter. Finally, Capital Advisors Ltd. LLC grew its stake in shares of Liberty Broadband by 75.8% during the third quarter. Capital Advisors Ltd. LLC now owns 443 shares of the company's stock valued at $34,000 after purchasing an additional 191 shares during the last quarter. 80.22% of the stock is owned by 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.