Liberty Broadband (NASDAQ:LBRDK) Earns Sell Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Liberty Broadband (NASDAQ:LBRDK - Free Report) in a report released on Wednesday. The brokerage issued a sell rating on the stock.

Liberty Broadband Price Performance

LBRDK traded up $0.77 during trading on Wednesday, reaching $76.30. 1,622,242 shares of the company were exchanged, compared to its average volume of 788,848. 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 company has a market cap of $10.90 billion, a price-to-earnings ratio of 14.05 and a beta of 1.04. Liberty Broadband has a 12-month low of $46.46 and a 12-month high of $101.50. The company's 50-day moving average is $84.07 and its two-hundred day moving average is $71.91.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last posted its earnings results on Thursday, November 7th. The company reported $0.99 earnings per share 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 the consensus estimate of $237.41 million. During the same period last year, the company posted $1.10 EPS. Research analysts forecast that Liberty Broadband will post 6.72 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Gregory B. Maffei sold 125,000 shares of the firm's stock in a transaction dated 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 of the company's stock, valued at approximately $114,447,313.44. This trade represents a 8.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders sold a total of 196,542 shares of company stock valued at $15,834,108 in the last quarter. Corporate insiders own 10.80% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Barclays PLC increased its stake 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 purchasing an additional 415,496 shares during the period. Hi Line Capital Management LLC boosted its position in Liberty Broadband by 498.4% during the 3rd quarter. Hi Line Capital Management LLC now owns 141,056 shares of the company's stock valued at $10,902,000 after buying an additional 117,483 shares during the period. Bank of Montreal Can increased its position in shares of Liberty Broadband by 172.6% in the second quarter. Bank of Montreal Can now owns 258,212 shares of the company's stock valued at $14,173,000 after acquiring an additional 163,502 shares during the period. Sequoia Financial Advisors LLC bought a new position in shares of Liberty Broadband during the third quarter valued at about $861,000. Finally, Commonwealth Equity Services LLC purchased a new stake in shares of Liberty Broadband during the second quarter worth about $602,000. 80.22% of the stock is currently owned by institutional investors.

Liberty Broadband Company Profile

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.