Liberty Broadband (NASDAQ:LBRDK) Shares Gap Down - Time to Sell?

Liberty Broadband Co. (NASDAQ:LBRDK - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $79.70, but opened at $77.73. Liberty Broadband shares last traded at $77.94, with a volume of 18,906 shares.

Analyst Ratings Changes

LBRDK has been the subject of several research reports. Rosenblatt Securities lifted their price target on shares of Liberty Broadband from $80.00 to $91.00 and gave the company a "buy" rating in a research report on Wednesday, August 14th. Morgan Stanley raised their target price on Liberty Broadband from $62.00 to $69.00 and gave the company an "equal weight" rating in a report on Friday, July 19th.

Liberty Broadband Stock Down 2.8 %

The company has a 50 day moving average of $68.09 and a 200-day moving average of $58.93. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.68 and a quick ratio of 1.68. The company has a market cap of $11.06 billion, a P/E ratio of 13.16 and a beta of 1.03.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The company reported $1.36 EPS for the quarter, missing analysts' consensus estimates of $2.51 by ($1.15). The business had revenue of $246.00 million for the quarter, compared to the consensus estimate of $244.25 million. Liberty Broadband had a net margin of 81.86% and a return on equity of 8.79%. During the same quarter in the previous year, the business earned $1.71 earnings per share. On average, equities analysts predict that Liberty Broadband Co. will post 8.45 earnings per share for the current year.

Insiders Place Their Bets

In related news, CAO Brian J. Wendling sold 2,208 shares of the firm's stock in a transaction that occurred 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 owns 11,054 shares in the company, valued at approximately $838,335.36. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Liberty Broadband news, insider Renee L. Wilm sold 4,423 shares of Liberty Broadband stock in a transaction that occurred on 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 owns 3,670 shares of the company's stock, valued at $280,975.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Brian J. Wendling sold 2,208 shares of the firm's stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $75.84, for a total transaction of $167,454.72. Following the sale, the chief accounting officer now owns 11,054 shares in the company, valued at $838,335.36. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 10.80% of the company's stock.

Hedge Funds Weigh In On Liberty Broadband

Several hedge funds have recently modified their holdings of the stock. Versant Capital Management Inc boosted its position in shares of Liberty Broadband by 4,888.9% during the 2nd quarter. Versant Capital Management Inc now owns 449 shares of the company's stock valued at $25,000 after acquiring an additional 440 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of 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 last quarter. Beach Investment Counsel Inc. PA purchased a new stake in shares of Liberty Broadband during the 2nd quarter valued at about $36,000. Mather Group LLC. lifted its stake in shares of Liberty Broadband by 103.7% in the 2nd quarter. Mather Group LLC. now owns 762 shares of the company's stock valued at $44,000 after purchasing an additional 388 shares during the last quarter. Finally, UniSuper Management Pty Ltd boosted its stake in shares of Liberty Broadband by 88.9% during the 1st quarter. UniSuper Management Pty Ltd now owns 1,700 shares of the company's stock worth $97,000 after purchasing an additional 800 shares during the period. 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.