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

Liberty Broadband Co. (NASDAQ:LBRDK - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $74.61, but opened at $78.72. Liberty Broadband shares last traded at $78.66, with a volume of 85,369 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Liberty Broadband in a research note on Saturday. They set a "sell" rating on the stock.

Liberty Broadband Stock Performance

The business's fifty day simple moving average is $78.94 and its 200-day simple moving average is $74.93. The company has a market capitalization of $10.84 billion, a P/E ratio of 13.97 and a beta of 1.04. 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 issued its earnings results on Thursday, November 7th. The company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.68 by ($1.69). Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. The firm had revenue of $262.00 million during the quarter, compared to the consensus estimate of $237.41 million. During the same period last year, the firm posted $1.10 earnings per share. As a group, equities analysts anticipate that Liberty Broadband Co. will post 7.71 earnings per share for the current fiscal year.

Insider Transactions at Liberty Broadband

In related news, CEO Gregory B. Maffei sold 71,500 shares of Liberty Broadband stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $82.00, for a total value of $5,863,000.00. Following the completion of the transaction, the chief executive officer now owns 2,827,013 shares in the company, valued at approximately $231,815,066. This trade represents a 2.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have sold 196,542 shares of company stock valued at $15,834,108 in the last ninety days. Corporate insiders own 10.80% of the company's stock.

Institutional Investors Weigh In On Liberty Broadband

Hedge funds and other institutional investors have recently made changes to their positions in the company. Groupama Asset Managment bought a new position in Liberty Broadband in the 3rd quarter valued at $25,000. Quarry LP bought a new position in shares of Liberty Broadband in the third quarter worth about $28,000. GAMMA Investing LLC increased its stake in 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 buying an additional 283 shares during the period. Capital Advisors Ltd. LLC increased its stake in 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 buying an additional 191 shares during the period. Finally, Blue Trust Inc. lifted its holdings in Liberty Broadband by 134.3% during the 4th quarter. Blue Trust Inc. now owns 464 shares of the company's stock valued at $36,000 after buying an additional 266 shares in the last quarter. Hedge funds and other institutional investors own 80.22% of the company's stock.

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.