Liberty Broadband (NASDAQ:LBRDK) Shares Gap Up - Time to Buy?

Liberty Broadband Co. (NASDAQ:LBRDK - Get Free Report)'s stock price gapped up before the market opened on Friday . The stock had previously closed at $77.36, but opened at $79.83. Liberty Broadband shares last traded at $82.80, with a volume of 169,253 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Liberty Broadband in a report on Tuesday, April 22nd. They set a "sell" rating for the company.

Liberty Broadband Stock Up 2.4 %

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 company has a market capitalization of $12.75 billion, a PE ratio of 16.39 and a beta of 1.03. The firm has a 50-day moving average of $81.55 and a two-hundred day moving average of $81.56.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Smartleaf Asset Management LLC boosted its stake in shares of Liberty Broadband by 61.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 406 shares of the company's stock valued at $30,000 after buying an additional 154 shares during the period. Blue Trust Inc. raised its stake in Liberty Broadband by 134.3% during the 4th quarter. Blue Trust Inc. now owns 464 shares of the company's stock worth $36,000 after acquiring an additional 266 shares in the last quarter. Lee Danner & Bass Inc. acquired a new stake in Liberty Broadband during the 4th quarter worth $36,000. Jones Financial Companies Lllp boosted its stake in Liberty Broadband by 138.0% in the fourth quarter. Jones Financial Companies Lllp now owns 488 shares of the company's stock valued at $36,000 after acquiring an additional 283 shares in the last quarter. Finally, R Squared Ltd acquired a new stake in shares of Liberty Broadband during the fourth quarter worth about $37,000. 80.22% of the stock is currently owned by hedge funds and other 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.