Equities research analysts at StockNews.com initiated coverage on shares of Liberty Broadband (NASDAQ:LBRDK - Get Free Report) in a report released on Friday. The brokerage set a "sell" rating on the stock.
Liberty Broadband Stock Up 1.3 %
Shares of LBRDK stock traded up $1.12 on Friday, reaching $84.81. 1,003,298 shares of the stock were exchanged, compared to its average volume of 1,005,460. The company has a market capitalization of $12.15 billion, a price-to-earnings ratio of 15.62 and a beta of 1.06. The business's 50 day moving average price is $80.15 and its 200 day moving average price is $79.46. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40. 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 results on Thursday, February 27th. The company reported $2.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.67 by ($1.63). Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. The business had revenue of $253.00 million for the quarter, compared to analysts' expectations of $252.50 million. As a group, sell-side analysts expect that Liberty Broadband will post 7.71 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of LBRDK. Groupama Asset Managment purchased a new position in Liberty Broadband during the 3rd quarter worth approximately $25,000. Quarry LP purchased a new position in shares of Liberty Broadband during the third quarter worth approximately $28,000. Smartleaf Asset Management LLC increased its holdings 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 valued at $30,000 after acquiring an additional 154 shares during the period. Blue Trust Inc. raised its position in Liberty Broadband by 134.3% in the 4th quarter. Blue Trust Inc. now owns 464 shares of the company's stock valued at $36,000 after purchasing an additional 266 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its stake in Liberty Broadband by 138.0% during the 4th quarter. Jones Financial Companies Lllp now owns 488 shares of the company's stock worth $36,000 after purchasing an additional 283 shares during the period. Institutional investors and hedge funds own 80.22% of the company's stock.
Liberty Broadband Company Profile
(
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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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