Liberty Broadband (NASDAQ:LBRDK) Stock Price Up 3.6% - What's Next?

Shares of Liberty Broadband Co. (NASDAQ:LBRDK - Get Free Report) rose 3.6% on Monday . The stock traded as high as $85.98 and last traded at $85.19. Approximately 502,911 shares were traded during trading, a decline of 39% from the average daily volume of 829,274 shares. The stock had previously closed at $82.26.

Analysts Set New Price Targets

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

Liberty Broadband Price Performance

The business's 50 day moving average is $78.65 and its two-hundred day moving average is $77.68. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. The firm has a market capitalization of $12.45 billion, a PE ratio of 16.05 and a beta of 1.04.

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

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Insider Activity

In other Liberty Broadband news, CEO Gregory B. Maffei sold 125,000 shares of the firm's stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $79.74, for a total value of $9,967,500.00. Following the completion of the transaction, the chief executive officer now directly owns 1,435,256 shares of the company's stock, valued at $114,447,313.44. This trade represents a 8.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 10.80% of the company's stock.

Institutional Investors Weigh In On Liberty Broadband

Institutional investors and hedge funds have recently made changes to their positions in the business. Forum Financial Management LP grew its stake in Liberty Broadband by 32.4% in the 4th quarter. Forum Financial Management LP now owns 3,678 shares of the company's stock worth $275,000 after buying an additional 901 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position 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 worth $24,787,000 after acquiring an additional 47,667 shares in the last quarter. Voloridge Investment Management LLC bought a new position in Liberty Broadband in the fourth quarter valued at $4,991,000. Tidal Investments LLC raised its position in Liberty Broadband by 13.5% during the fourth quarter. Tidal Investments LLC now owns 3,182 shares of the company's stock valued at $238,000 after purchasing an additional 379 shares in the last quarter. Finally, Sand Grove Capital Management LLP lifted its stake in Liberty Broadband by 281.1% during the fourth quarter. Sand Grove Capital Management LLP now owns 129,539 shares of the company's stock worth $9,684,000 after purchasing an additional 95,546 shares during the last quarter. Hedge funds and other 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.