Liberty Broadband (NASDAQ:LBRDK) Trading Up 3.2% - Still a Buy?

Liberty Broadband Co. (NASDAQ:LBRDK - Get Free Report)'s share price shot up 3.2% on Wednesday . The stock traded as high as $89.03 and last traded at $89.03. 327,172 shares changed hands during trading, a decline of 67% from the average session volume of 991,943 shares. The stock had previously closed at $86.31.

Analysts Set New Price Targets

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

Liberty Broadband Stock Performance

The company's 50-day simple moving average is $81.25 and its 200-day simple moving average is $80.25. The stock has a market capitalization of $12.20 billion, a price-to-earnings ratio of 15.68 and a beta of 1.06. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40.

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

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Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC lifted its stake in Liberty Broadband by 3.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 12,908 shares of the company's stock valued at $965,000 after purchasing an additional 453 shares during the last quarter. Forum Financial Management LP boosted its holdings in shares of Liberty Broadband by 32.4% in the fourth quarter. Forum Financial Management LP now owns 3,678 shares of the company's stock worth $275,000 after acquiring an additional 901 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of 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 shares of Liberty Broadband during the fourth quarter valued at about $4,991,000. Finally, Tidal Investments LLC lifted its holdings in shares of Liberty Broadband by 13.5% in the fourth 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. Institutional investors own 80.22% of the company's stock.

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.