Equities research analysts at StockNews.com started coverage on shares of Liberty Broadband (NASDAQ:LBRDK - Get Free Report) in a research report issued on Sunday. The brokerage set a "sell" rating on the stock.
Liberty Broadband Stock Down 3.5 %
NASDAQ LBRDK traded down $2.79 during trading hours on Friday, hitting $76.98. 566,693 shares of the company were exchanged, compared to its average volume of 1,055,864. 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 firm has a market cap of $11.03 billion, a price-to-earnings ratio of 14.18 and a beta of 1.03. The company has a 50 day moving average of $81.64 and a two-hundred day moving average of $81.44. Liberty Broadband has a 52-week low of $46.46 and a 52-week high of $101.50.
Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last released its 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). Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. The firm had revenue of $253.00 million for the quarter, compared to analysts' expectations of $252.50 million. Equities research analysts anticipate that Liberty Broadband will post 7.71 earnings per share for the current year.
Institutional Investors Weigh In On Liberty Broadband
Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Liberty Broadband by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 11,064,423 shares of the company's stock valued at $827,176,000 after buying an additional 95,599 shares during the last quarter. Barclays PLC increased its holdings in shares of Liberty Broadband by 6.4% in the 3rd quarter. Barclays PLC now owns 6,899,331 shares of the company's stock valued at $533,251,000 after acquiring an additional 415,496 shares during the period. Assenagon Asset Management S.A. raised its position in Liberty Broadband by 23.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 3,585,407 shares of the company's stock valued at $268,045,000 after purchasing an additional 686,089 shares during the last quarter. Deutsche Bank AG boosted its stake in Liberty Broadband by 125.6% during the 4th quarter. Deutsche Bank AG now owns 3,060,143 shares of the company's stock worth $228,776,000 after purchasing an additional 1,703,637 shares during the period. Finally, Finepoint Capital LP grew its position in Liberty Broadband by 1.1% during the 4th quarter. Finepoint Capital LP now owns 2,015,710 shares of the company's stock worth $150,694,000 after purchasing an additional 21,200 shares during the last quarter. 80.22% of the stock is owned by hedge funds and other institutional investors.
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.
See Also
Before you consider Liberty Broadband, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Liberty Broadband wasn't on the list.
While Liberty Broadband currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Unlock the timeless value of gold with our exclusive 2025 Gold Forecasting Report. Explore why gold remains the ultimate investment for safeguarding wealth against inflation, economic shifts, and global uncertainties. Whether you're planning for future generations or seeking a reliable asset in turbulent times, this report is your essential guide to making informed decisions.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
