StockNews.com began coverage on shares of Liberty Broadband (NASDAQ:LBRDK - Free Report) in a report released on Saturday. The firm issued a sell rating on the stock.
Separately, Rosenblatt Securities lifted their price target on shares of Liberty Broadband from $80.00 to $91.00 and gave the company a "buy" rating in a research report on Wednesday, August 14th.
Check Out Our Latest Analysis on Liberty Broadband
Liberty Broadband Trading Up 0.0 %
Shares of NASDAQ:LBRDK traded up $0.03 during midday trading on Friday, reaching $86.50. 1,555,023 shares of the company's stock were exchanged, compared to its average volume of 1,511,880. The stock has a market cap of $12.36 billion, a price-to-earnings ratio of 15.93 and a beta of 1.02. 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 simple moving average is $84.64 and its two-hundred day simple moving average is $67.39. Liberty Broadband has a fifty-two week low of $46.46 and a fifty-two week high of $101.50.
Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.99 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.68 by ($1.69). Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. The firm had revenue of $262.00 million for the quarter, compared to analyst estimates of $237.41 million. During the same quarter last 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
In other news, CAO Brian J. Wendling sold 2,208 shares of the stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $75.84, for a total value of $167,454.72. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Renee L. Wilm sold 4,423 shares of the firm's 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 directly owns 3,670 shares in the company, valued at approximately $280,975.20. This represents a 54.65 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,673 shares of company stock valued at $509,688. Insiders own 10.80% of the company's stock.
Hedge Funds Weigh In On Liberty Broadband
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Franklin Resources Inc. acquired a new position in Liberty Broadband in the 3rd quarter worth $175,000. Tidal Investments LLC acquired a new position in shares of Liberty Broadband in the third quarter worth about $217,000. Wilmington Savings Fund Society FSB purchased a new position in Liberty Broadband in the third quarter valued at about $8,773,000. Sanctuary Advisors LLC acquired a new stake in Liberty Broadband during the 3rd quarter valued at approximately $225,000. Finally, Geode Capital Management LLC grew 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 in the last quarter. Hedge funds and other institutional investors own 80.22% of the company's stock.
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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