Liberty Broadband (NASDAQ:LBRDA) Trading 3.5% Higher - Here's What Happened

Liberty Broadband Co. (NASDAQ:LBRDA - Get Free Report) rose 3.5% on Tuesday . The company traded as high as $80.87 and last traded at $79.71. Approximately 24,980 shares traded hands during trading, a decline of 83% from the average daily volume of 146,567 shares. The stock had previously closed at $77.02.

Wall Street Analyst Weigh In

LBRDA has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Liberty Broadband from $104.00 to $90.00 and set a "buy" rating on the stock in a research report on Friday, August 16th. Citigroup cut shares of Liberty Broadband from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $67.00 to $57.00 in a research report on Wednesday, July 3rd. Finally, Evercore ISI reduced their price target on shares of Liberty Broadband from $106.00 to $72.00 and set an "outperform" rating on the stock in a research report on Tuesday, July 2nd.

Liberty Broadband Trading Up 4.7 %

The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.39. The business's fifty day moving average is $67.90 and its 200 day moving average is $58.93. The firm has a market capitalization of $11.52 billion, a price-to-earnings ratio of 13.69 and a beta of 1.06.

Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The company reported $1.36 EPS for the quarter, missing analysts' consensus estimates of $3.12 by ($1.76). Liberty Broadband had a return on equity of 8.79% and a net margin of 81.86%. The company had revenue of $246.00 million for the quarter. During the same quarter last year, the firm posted $1.71 EPS.

Insider Buying and Selling at Liberty Broadband

In other Liberty Broadband news, CAO Brian J. Wendling sold 2,208 shares of Liberty Broadband stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $75.84, for a total value of $167,454.72. Following the sale, the chief accounting officer now directly owns 11,054 shares in the company, valued at approximately $838,335.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Renee L. Wilm sold 4,423 shares of the business's stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $76.56, for a total transaction of $338,624.88. Following the transaction, the insider now directly owns 3,670 shares in the company, valued at $280,975.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Brian J. Wendling sold 2,208 shares of the business's stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $75.84, for a total transaction of $167,454.72. Following the transaction, the chief accounting officer now owns 11,054 shares in the company, valued at $838,335.36. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 14.19% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of LBRDA. American National Bank & Trust bought a new stake in shares of Liberty Broadband during the 3rd quarter worth about $32,000. GAMMA Investing LLC boosted its holdings in shares of Liberty Broadband by 161.8% during the 3rd quarter. GAMMA Investing LLC now owns 631 shares of the company's stock worth $48,000 after buying an additional 390 shares during the period. Headlands Technologies LLC bought a new stake in shares of Liberty Broadband during the 1st quarter worth about $49,000. Central Pacific Bank Trust Division bought a new stake in shares of Liberty Broadband during the 1st quarter worth about $72,000. Finally, CWM LLC boosted its holdings in shares of Liberty Broadband by 112.6% during the 2nd quarter. CWM LLC now owns 1,352 shares of the company's stock worth $74,000 after buying an additional 716 shares during the period. 10.29% of the stock is currently owned by institutional investors and hedge funds.

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.