Investment analysts at StockNews.com began coverage on shares of Liberty Broadband (NASDAQ:LBRDK - Get Free Report) in a research report issued on Monday. The brokerage set a "sell" rating on the stock.
Liberty Broadband Price Performance
NASDAQ LBRDK traded down $0.26 during trading hours on Monday, reaching $81.34. The company's stock had a trading volume of 545,942 shares, compared to its average volume of 816,951. Liberty Broadband has a 1 year low of $46.46 and a 1 year high of $101.50. 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 capitalization of $11.62 billion, a price-to-earnings ratio of 14.98 and a beta of 1.04. The firm's 50-day moving average price is $77.79 and its 200-day moving average price is $76.27.
Insider Activity at Liberty Broadband
In other 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 value of $9,967,500.00. Following the completion of the sale, the chief executive officer now directly owns 1,435,256 shares of the company's stock, valued at $114,447,313.44. This trade represents a 8.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 196,542 shares of company stock valued at $15,834,108 over the last 90 days. 10.80% of the stock is owned by corporate insiders.
Institutional Trading of Liberty Broadband
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Groupama Asset Managment bought a new stake in Liberty Broadband in the third quarter worth about $25,000. Quarry LP bought a new position in shares of Liberty Broadband during the third quarter valued at approximately $28,000. Smartleaf Asset Management LLC raised its holdings in shares of Liberty Broadband by 61.1% in the fourth 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 period. Capital Advisors Ltd. LLC lifted its stake in shares of Liberty Broadband by 75.8% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 443 shares of the company's stock worth $34,000 after acquiring an additional 191 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in Liberty Broadband by 134.3% during the 4th quarter. Blue Trust Inc. now owns 464 shares of the company's stock valued at $36,000 after acquiring an additional 266 shares during the period. 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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