Liberty Broadband (NASDAQ:LBRDK) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of Liberty Broadband (NASDAQ:LBRDK - Free Report) in a research note issued to investors on Sunday morning. The brokerage issued a sell rating on the stock.

Liberty Broadband Stock Performance

Shares of LBRDK traded up $0.93 during mid-day trading on Friday, reaching $79.46. 1,408,653 shares of the company's stock were exchanged, compared to its average volume of 864,077. The business's fifty day simple moving average is $78.06 and its 200-day simple moving average is $75.77. The stock has a market capitalization of $11.35 billion, a PE ratio of 14.63 and a beta of 1.04. Liberty Broadband has a 52-week low of $46.46 and a 52-week high of $101.50. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07.

Insider Buying and Selling

In other news, CEO Gregory B. Maffei sold 125,000 shares of the company'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 of the company's stock, valued at $114,447,313.44. This represents a 8.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 196,542 shares of company stock valued at $15,834,108 over the last ninety days. Corporate insiders own 10.80% of the company's stock.

Institutional Trading of Liberty Broadband

A number of institutional investors have recently bought and sold shares of the company. Barclays PLC increased its stake in shares of Liberty Broadband by 6.4% during 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 in the last quarter. Hi Line Capital Management LLC increased its position in Liberty Broadband by 498.4% during the third quarter. Hi Line Capital Management LLC now owns 141,056 shares of the company's stock worth $10,902,000 after buying an additional 117,483 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new position in Liberty Broadband during the third quarter worth $861,000. Point72 Asset Management L.P. raised its holdings in shares of Liberty Broadband by 54.8% in the third quarter. Point72 Asset Management L.P. now owns 294,641 shares of the company's stock worth $22,773,000 after acquiring an additional 104,272 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its position in shares of Liberty Broadband by 9,029.0% in the third quarter. International Assets Investment Management LLC now owns 12,598 shares of the company's stock valued at $974,000 after acquiring an additional 12,460 shares in the last quarter. 80.22% of the stock is currently owned by hedge funds and other 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.