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

Equities researchers at StockNews.com began coverage on shares of Liberty Broadband (NASDAQ:LBRDK - Get Free Report) in a note issued to investors on Sunday. The brokerage set a "sell" rating on the stock.

Liberty Broadband Price Performance

LBRDK traded down $0.93 during trading hours on Friday, hitting $82.38. The company's stock had a trading volume of 920,065 shares, compared to its average volume of 1,194,450. The stock has a market cap of $11.77 billion, a price-to-earnings ratio of 15.17 and a beta of 1.02. The business's 50-day moving average price is $85.11 and its 200-day moving average price is $68.89. 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 12 month low of $46.46 and a 12 month high of $101.50.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.99 EPS for the quarter, missing analysts' consensus estimates of $2.68 by ($1.69). Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. The firm had revenue of $262.00 million for the quarter, compared to analysts' expectations of $237.41 million. During the same period in the prior year, the firm posted $1.10 earnings per share. Sell-side analysts expect that Liberty Broadband will post 6.72 earnings per share for the current fiscal year.

Insider Activity at Liberty Broadband

In other Liberty Broadband news, insider Renee L. Wilm sold 4,423 shares of the firm's stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $76.56, for a total value of $338,624.88. Following the completion of the sale, the insider now directly owns 3,670 shares in the company, valued at $280,975.20. This trade represents a 54.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Brian J. Wendling sold 2,208 shares of the stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $75.84, for a total value of $167,454.72. Following the sale, the chief accounting officer now owns 11,054 shares of the company's stock, valued at approximately $838,335.36. This represents a 16.65 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,673 shares of company stock worth $509,688 over the last three months. 10.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Hi Line Capital Management LLC increased its holdings in shares of Liberty Broadband by 498.4% in the third quarter. Hi Line Capital Management LLC now owns 141,056 shares of the company's stock valued at $10,902,000 after purchasing an additional 117,483 shares during the period. Barclays PLC increased its holdings in Liberty Broadband by 6.4% in the 3rd quarter. Barclays PLC now owns 6,899,331 shares of the company's stock worth $533,251,000 after buying an additional 415,496 shares during the period. Bank of Montreal Can raised its position in Liberty Broadband by 172.6% during the 2nd quarter. Bank of Montreal Can now owns 258,212 shares of the company's stock worth $14,173,000 after buying an additional 163,502 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in Liberty Broadband during the 3rd quarter valued at approximately $861,000. Finally, Commonwealth Equity Services LLC purchased a new stake in shares of Liberty Broadband in the 2nd quarter valued at $602,000. Institutional investors and hedge funds own 80.22% of the company's stock.

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.