Liberty Broadband Co. (NASDAQ:LBRDK) Short Interest Down 26.7% in March

Liberty Broadband Co. (NASDAQ:LBRDK - Get Free Report) saw a significant drop in short interest in the month of March. As of March 31st, there was short interest totalling 3,620,000 shares, a drop of 26.7% from the March 15th total of 4,940,000 shares. Based on an average daily volume of 882,300 shares, the short-interest ratio is currently 4.1 days. Currently, 3.2% of the shares of the stock are short sold.

Liberty Broadband Trading Up 3.6 %

Shares of LBRDK stock traded up $2.77 during trading hours on Wednesday, hitting $79.54. 94,200 shares of the company's stock traded hands, compared to its average volume of 1,037,675. The stock's 50 day simple moving average is $81.49 and its 200 day simple moving average is $81.45. The stock has a market cap of $11.40 billion, a PE ratio of 14.65 and a beta of 1.03. Liberty Broadband has a 12 month low of $46.46 and a 12 month high of $101.50. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40.

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

Institutional Investors Weigh In On Liberty Broadband

Several large investors have recently modified their holdings of LBRDK. Hi Line Capital Management LLC grew its holdings in Liberty Broadband by 17.9% in the first quarter. Hi Line Capital Management LLC now owns 165,319 shares of the company's stock worth $14,060,000 after purchasing an additional 25,132 shares during the period. Oppenheimer Asset Management Inc. grew its holdings in Liberty Broadband by 5.7% in the first quarter. Oppenheimer Asset Management Inc. now owns 42,187 shares of the company's stock worth $3,588,000 after purchasing an additional 2,286 shares during the period. Continuum Advisory LLC acquired a new stake in Liberty Broadband in the first quarter worth $58,000. Wealth Enhancement Advisory Services LLC grew its holdings in Liberty Broadband by 6.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 13,701 shares of the company's stock worth $1,165,000 after purchasing an additional 793 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in Liberty Broadband in the first quarter worth $2,430,000. 80.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Liberty Broadband in a research note on Tuesday. They issued a "sell" rating for the company.

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.