Liberty Broadband (NASDAQ:LBRDK) Earns Sell Rating from Analysts at StockNews.com

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

Liberty Broadband Stock Performance

Shares of NASDAQ:LBRDK traded down $0.19 during midday trading on Friday, reaching $75.88. The company's stock had a trading volume of 608,359 shares, compared to its average volume of 883,698. 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 stock has a fifty day moving average of $78.94 and a 200 day moving average of $74.93. Liberty Broadband has a twelve month low of $46.46 and a twelve month high of $101.50. The firm has a market capitalization of $10.84 billion, a PE ratio of 13.97 and a beta of 1.04.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $2.68 by ($1.69). The company had revenue of $262.00 million for the quarter, compared to analyst estimates of $237.41 million. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. During the same period in the prior year, the business posted $1.10 earnings per share. On average, equities analysts expect that Liberty Broadband will post 7.71 EPS for the current fiscal year.

Insiders Place Their Bets

In other Liberty Broadband news, CEO Gregory B. Maffei sold 71,500 shares of the business's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $82.00, for a total transaction of $5,863,000.00. Following the completion of the sale, the chief executive officer now directly owns 2,827,013 shares in the company, valued at approximately $231,815,066. The trade was a 2.47 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last 90 days, insiders have sold 196,542 shares of company stock worth $15,834,108. 10.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Liberty Broadband

Institutional investors and hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp increased its stake in shares of Liberty Broadband by 6.3% in the 4th quarter. Bank of New York Mellon Corp now owns 400,864 shares of the company's stock worth $29,969,000 after acquiring an additional 23,810 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of Liberty Broadband in the fourth quarter valued at about $2,700,000. Wealthspire Advisors LLC increased its position in Liberty Broadband by 5.7% during the fourth quarter. Wealthspire Advisors LLC now owns 4,543 shares of the company's stock worth $340,000 after purchasing an additional 244 shares during the last quarter. Investment Management Associates Inc. ADV increased its position in Liberty Broadband by 2.1% during the fourth quarter. Investment Management Associates Inc. ADV now owns 223,440 shares of the company's stock worth $16,704,000 after purchasing an additional 4,640 shares during the last quarter. Finally, Wolverine Asset Management LLC raised its stake in Liberty Broadband by 458.8% during the fourth quarter. Wolverine Asset Management LLC now owns 9,499 shares of the company's stock worth $710,000 after purchasing an additional 7,799 shares during the period. 80.22% of the stock is currently owned by institutional investors and hedge funds.

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.