Liberty Broadband (NASDAQ:LBRDK) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Liberty Broadband (NASDAQ:LBRDK - Free Report) in a research note published on Tuesday. The brokerage issued a sell rating on the stock.

Liberty Broadband Stock Up 0.1 %

Shares of Liberty Broadband stock traded up $0.04 during midday trading on Tuesday, hitting $74.76. The company had a trading volume of 433,742 shares, compared to its average volume of 1,179,445. The company has a 50 day moving average of $84.72 and a 200 day moving average of $70.85. The stock has a market capitalization of $10.68 billion, a P/E ratio of 13.77 and a beta of 1.02. 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 quick ratio of 2.07 and a current ratio of 2.07.

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

Insider Buying and Selling at Liberty Broadband

In other news, CEO Gregory B. Maffei sold 71,500 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $82.00, for a total value of $5,863,000.00. Following the transaction, the chief executive officer now owns 2,827,013 shares in the company, valued at $231,815,066. This represents a 2.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders sold 196,542 shares of company stock worth $15,834,108. Insiders own 10.80% of the company's stock.

Institutional Trading of Liberty Broadband

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Assenagon Asset Management S.A. raised its position in shares of Liberty Broadband by 107.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 2,899,318 shares of the company's stock valued at $224,088,000 after purchasing an additional 1,502,249 shares during the period. Whitebox Advisors LLC increased its stake in Liberty Broadband by 29.5% in the 2nd quarter. Whitebox Advisors LLC now owns 2,978,107 shares of the company's stock worth $163,260,000 after buying an additional 677,785 shares in the last quarter. Millennium Management LLC raised its holdings in Liberty Broadband by 67.4% during the second quarter. Millennium Management LLC now owns 1,032,186 shares of the company's stock valued at $56,584,000 after acquiring an additional 415,619 shares during the period. Barclays PLC lifted its position in shares of Liberty Broadband by 6.4% in the third 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Liberty Broadband by 63.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 940,168 shares of the company's stock worth $72,666,000 after purchasing an additional 366,614 shares in the last quarter. Hedge funds and other institutional investors 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.