Equities researchers at StockNews.com started coverage on shares of Liberty Broadband (NASDAQ:LBRDK - Get Free Report) in a research note issued on Monday. The firm set a "sell" rating on the stock.
Liberty Broadband Stock Up 0.9 %
LBRDK traded up $0.72 on Monday, hitting $79.00. The company had a trading volume of 413,180 shares, compared to its average volume of 1,048,460. Liberty Broadband has a 12-month low of $46.46 and a 12-month high of $101.50. The stock has a fifty day moving average price of $81.68 and a 200-day moving average price of $81.51. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. The stock has a market capitalization of $11.32 billion, a price-to-earnings ratio of 14.55 and a beta of 1.03.
Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The company reported $2.04 earnings per share for the quarter, missing analysts' consensus estimates of $3.67 by ($1.63). The business had revenue of $253.00 million for the quarter, compared to analysts' expectations of $252.50 million. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. Analysts predict that Liberty Broadband will post 7.71 EPS for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the stock. Smartleaf Asset Management LLC boosted its stake in Liberty Broadband by 61.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 406 shares of the company's stock worth $30,000 after purchasing an additional 154 shares during the last quarter. Blue Trust Inc. grew its position in shares of Liberty Broadband by 134.3% in the fourth quarter. Blue Trust Inc. now owns 464 shares of the company's stock valued at $36,000 after purchasing an additional 266 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Liberty Broadband by 138.0% in the fourth quarter. Jones Financial Companies Lllp now owns 488 shares of the company's stock valued at $36,000 after purchasing an additional 283 shares during the last quarter. Lee Danner & Bass Inc. acquired a new position in Liberty Broadband during the fourth quarter worth $36,000. Finally, R Squared Ltd acquired a new stake in shares of Liberty Broadband in the 4th quarter worth $37,000. Institutional investors and hedge funds own 80.22% of the company's stock.
About Liberty Broadband
(
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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