Liberty Broadband (NASDAQ:LBRDK) Shares Gap Down - What's Next?

Liberty Broadband Co. (NASDAQ:LBRDK - Get Free Report)'s stock price gapped down before the market opened on Thursday . The stock had previously closed at $79.77, but opened at $75.13. Liberty Broadband shares last traded at $75.31, with a volume of 76,684 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Liberty Broadband in a research report on Saturday. They set a "sell" rating for the company.

Liberty Broadband Trading Down 0.8 %

The stock has a market cap of $10.87 billion, a price-to-earnings ratio of 14.01 and a beta of 1.04. The business's fifty day simple moving average is $79.13 and its 200 day simple moving average is $74.80. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick 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 earnings per share for the quarter, missing analysts' consensus estimates of $2.68 by ($1.69). Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The business had revenue of $262.00 million for the quarter, compared to the consensus estimate of $237.41 million. During the same period in the prior year, the company earned $1.10 EPS. On average, research analysts predict that Liberty Broadband Co. will post 7.71 EPS for the current year.

Insider Buying and Selling

In other news, CEO Gregory B. Maffei sold 125,000 shares of the business's stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now directly owns 1,435,256 shares in the company, valued at approximately $114,447,313.44. The trade was a 8.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last 90 days, insiders have sold 196,542 shares of company stock valued at $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 made changes to their positions in LBRDK. Groupama Asset Managment bought a new position in Liberty Broadband during the third quarter valued at about $25,000. Quarry LP bought a new position in shares of Liberty Broadband during the 3rd quarter valued at about $28,000. GAMMA Investing LLC grew its stake in shares of Liberty Broadband by 200.7% in the 3rd quarter. GAMMA Investing LLC now owns 424 shares of the company's stock worth $33,000 after purchasing an additional 283 shares during the last quarter. Capital Advisors Ltd. LLC raised its holdings in shares of Liberty Broadband by 75.8% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 443 shares of the company's stock worth $34,000 after purchasing an additional 191 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in Liberty Broadband by 134.3% during the fourth quarter. Blue Trust Inc. now owns 464 shares of the company's stock valued at $36,000 after purchasing an additional 266 shares during the last quarter. 80.22% of the stock is currently owned by institutional investors.

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.