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

StockNews.com began coverage on shares of Liberty Broadband (NASDAQ:LBRDK - Free Report) in a research report released on Wednesday morning. The firm issued a sell rating on the stock.

Liberty Broadband Stock Performance

NASDAQ LBRDK traded down $0.26 during trading hours on Wednesday, reaching $87.13. 808,059 shares of the company were exchanged, compared to its average volume of 860,805. The stock has a market capitalization of $12.45 billion, a P/E ratio of 16.05 and a beta of 1.06. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. Liberty Broadband has a 1 year low of $46.46 and a 1 year high of $101.50. The business's 50 day simple moving average is $78.88 and its 200-day simple moving average is $77.85.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The company reported $2.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.67 by ($1.63). Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. The company had revenue of $253.00 million for the quarter, compared to analysts' expectations of $252.50 million. On average, equities research analysts expect that Liberty Broadband will post 7.71 earnings per share for the current year.

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Insider Activity

In related news, CEO Gregory B. Maffei sold 125,000 shares of the stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $79.74, for a total transaction of $9,967,500.00. Following the sale, the chief executive officer now owns 1,435,256 shares of the company's stock, valued at approximately $114,447,313.44. This represents a 8.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 10.80% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of LBRDK. Forum Financial Management LP boosted its position in shares of Liberty Broadband by 32.4% during the 4th quarter. Forum Financial Management LP now owns 3,678 shares of the company's stock valued at $275,000 after acquiring an additional 901 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Liberty Broadband by 16.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 331,555 shares of the company's stock valued at $24,787,000 after purchasing an additional 47,667 shares in the last quarter. Voloridge Investment Management LLC bought a new stake in Liberty Broadband during the fourth quarter valued at approximately $4,991,000. Tidal Investments LLC grew its stake in Liberty Broadband by 13.5% in the 4th quarter. Tidal Investments LLC now owns 3,182 shares of the company's stock worth $238,000 after buying an additional 379 shares in the last quarter. Finally, Sand Grove Capital Management LLP increased its holdings in shares of Liberty Broadband by 281.1% in the 4th quarter. Sand Grove Capital Management LLP now owns 129,539 shares of the company's stock worth $9,684,000 after buying an additional 95,546 shares during the last quarter. 80.22% of the stock is owned by institutional investors.

About Liberty Broadband

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.