Liberty Broadband (NASDAQ:LBRDK) Stock Price Up 3.8% - What's Next?

Shares of Liberty Broadband Co. (NASDAQ:LBRDK - Get Free Report) traded up 3.8% on Tuesday . The stock traded as high as $81.59 and last traded at $80.36. 166,414 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 1,157,459 shares. The stock had previously closed at $77.45.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Morgan Stanley upped their price target on Liberty Broadband from $62.00 to $69.00 and gave the stock an "equal weight" rating in a research note on Friday, July 19th. Rosenblatt Securities increased their target price on Liberty Broadband from $80.00 to $91.00 and gave the stock a "buy" rating in a research note on Wednesday, August 14th.

Liberty Broadband Price Performance

The firm has a market capitalization of $11.61 billion, a PE ratio of 13.80 and a beta of 1.03. 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 firm has a 50-day simple moving average of $68.74 and a 200-day simple moving average of $59.32.

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

Insider Activity

In other news, insider Renee L. Wilm sold 4,423 shares of Liberty Broadband stock in a transaction dated Wednesday, September 25th. The stock was 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 of the company's stock, valued at $280,975.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Renee L. Wilm sold 4,423 shares of the business's stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $76.56, for a total value of $338,624.88. Following the transaction, the insider now directly owns 3,670 shares of the company's stock, valued at approximately $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 accessible through this link. Also, CAO Brian J. Wendling sold 2,208 shares of the business's stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $75.84, for a total value of $167,454.72. Following the completion of the transaction, the chief accounting officer now directly owns 11,054 shares in the company, valued at approximately $838,335.36. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 10.80% of the company's stock.

Hedge Funds Weigh In On Liberty Broadband

Several hedge funds have recently bought and sold shares of LBRDK. Assenagon Asset Management S.A. grew its position in Liberty Broadband by 426.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,397,069 shares of the company's stock valued at $76,587,000 after acquiring an additional 1,131,743 shares during the last quarter. Whitebox Advisors LLC lifted its holdings in shares of Liberty Broadband by 29.5% in the 2nd quarter. Whitebox Advisors LLC now owns 2,978,107 shares of the company's stock worth $163,260,000 after buying an additional 677,785 shares during the period. Millennium Management LLC lifted its holdings in shares of Liberty Broadband by 67.4% in the 2nd quarter. Millennium Management LLC now owns 1,032,186 shares of the company's stock worth $56,584,000 after buying an additional 415,619 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Liberty Broadband by 19.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,062,256 shares of the company's stock worth $113,045,000 after buying an additional 330,159 shares during the period. Finally, Natixis Advisors LLC lifted its holdings in shares of Liberty Broadband by 147.6% in the 2nd quarter. Natixis Advisors LLC now owns 425,921 shares of the company's stock worth $23,349,000 after buying an additional 253,884 shares during the period. 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.