Liberty Broadband (NASDAQ:LBRDK - Get Free Report) posted its quarterly earnings data on Thursday. The company reported $2.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.67 by ($1.63), Zacks reports. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The business had revenue of $253.00 million during the quarter, compared to analyst estimates of $252.50 million.
Liberty Broadband Stock Up 2.5 %
Shares of NASDAQ LBRDK traded up $2.07 during midday trading on Monday, reaching $84.33. The company's stock had a trading volume of 1,235,224 shares, compared to its average volume of 849,086. 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 fifty-two week low of $46.46 and a fifty-two week high of $101.50. The stock has a market capitalization of $12.05 billion, a price-to-earnings ratio of 15.53 and a beta of 1.04. The stock has a 50 day simple moving average of $78.11 and a 200-day simple moving average of $77.40.
Analysts Set New Price Targets
Separately, StockNews.com began coverage on shares of Liberty Broadband in a report on Tuesday, February 25th. They issued a "sell" rating on the stock.
Read Our Latest Research Report on LBRDK
Insider Activity
In related news, CEO Gregory B. Maffei sold 125,000 shares of the business's stock in a transaction on Wednesday, December 18th. The shares were 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 in the company, valued at approximately $114,447,313.44. The trade was a 8.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 10.80% of the stock is owned by corporate insiders.
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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