Short Interest in Liberty Broadband Co. (NASDAQ:LBRDK) Declines By 18.8%

Liberty Broadband Co. (NASDAQ:LBRDK - Get Free Report) was the target of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totalling 3,800,000 shares, a decrease of 18.8% from the May 31st total of 4,680,000 shares. Approximately 3.4% of the company's shares are short sold. Based on an average daily trading volume, of 1,270,000 shares, the short-interest ratio is presently 3.0 days.

Insider Activity at Liberty Broadband

In other Liberty Broadband news, Director J David Wargo sold 15,000 shares of the stock in a transaction on Monday, April 8th. The shares were sold at an average price of $51.98, for a total value of $779,700.00. Following the sale, the director now directly owns 72,332 shares in the company, valued at $3,759,817.36. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 10.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. DekaBank Deutsche Girozentrale lifted its stake in Liberty Broadband by 1.9% in the first quarter. DekaBank Deutsche Girozentrale now owns 16,199 shares of the company's stock valued at $919,000 after acquiring an additional 302 shares during the last quarter. Wahed Invest LLC lifted its stake in Liberty Broadband by 14.2% in the first quarter. Wahed Invest LLC now owns 2,266 shares of the company's stock valued at $130,000 after acquiring an additional 281 shares during the last quarter. Comerica Bank lifted its stake in Liberty Broadband by 33.4% in the first quarter. Comerica Bank now owns 26,011 shares of the company's stock valued at $1,489,000 after acquiring an additional 6,511 shares during the last quarter. Paloma Partners Management Co acquired a new stake in Liberty Broadband in the first quarter valued at $356,000. Finally, Whitebox Advisors LLC lifted its stake in Liberty Broadband by 17.9% in the first quarter. Whitebox Advisors LLC now owns 2,300,322 shares of the company's stock valued at $131,647,000 after acquiring an additional 349,400 shares during the last quarter. Institutional investors own 80.22% of the company's stock.

Liberty Broadband Stock Up 2.7 %

Shares of LBRDK stock traded up $1.43 during trading hours on Friday, hitting $54.82. 2,164,866 shares of the company were exchanged, compared to its average volume of 1,344,888. The business has a 50 day moving average of $51.81 and a two-hundred day moving average of $60.75. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.41. Liberty Broadband has a 52 week low of $46.46 and a 52 week high of $95.68. The company has a market capitalization of $7.83 billion, a PE ratio of 9.31 and a beta of 1.02.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $1.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.38 by ($0.69). The company had revenue of $245.00 million for the quarter, compared to the consensus estimate of $244.41 million. Liberty Broadband had a return on equity of 9.55% and a net margin of 87.75%. Analysts anticipate that Liberty Broadband will post 9.13 earnings per share for the current fiscal year.

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.