Liberty Broadband (NASDAQ:LBRDK) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Liberty Broadband (NASDAQ:LBRDK - Free Report) in a research note released on Thursday. The firm issued a sell rating on the stock.

Liberty Broadband Stock Performance

Shares of Liberty Broadband stock traded down $0.07 during trading hours on Thursday, hitting $75.85. 2,275,276 shares of the company were exchanged, compared to its average volume of 845,718. The business has a 50-day moving average of $82.33 and a 200-day moving average of $72.71. Liberty Broadband has a 1 year low of $46.46 and a 1 year high of $101.50. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $10.84 billion, a price-to-earnings ratio of 13.97 and a beta of 1.04.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last released its earnings results on Thursday, November 7th. The company reported $0.99 EPS for the quarter, missing the consensus estimate of $2.68 by ($1.69). Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. The firm had revenue of $262.00 million during the quarter, compared to analyst estimates of $237.41 million. During the same quarter last year, the business posted $1.10 EPS. As a group, analysts expect that Liberty Broadband will post 7.71 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Gregory B. Maffei sold 125,000 shares of Liberty Broadband stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $79.74, for a total transaction of $9,967,500.00. Following the completion of the sale, the chief executive officer now directly owns 1,435,256 shares in the company, valued at approximately $114,447,313.44. This trade represents a 8.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last quarter, insiders sold 196,542 shares of company stock worth $15,834,108. 10.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Groupama Asset Managment acquired a new position in shares of Liberty Broadband during the 3rd quarter worth approximately $25,000. Quarry LP acquired a new position in shares of Liberty Broadband in the third quarter worth $28,000. GAMMA Investing LLC lifted its position in shares of Liberty Broadband by 200.7% in the third quarter. GAMMA Investing LLC now owns 424 shares of the company's stock valued at $33,000 after acquiring an additional 283 shares in the last quarter. Capital Advisors Ltd. LLC lifted its position in shares of Liberty Broadband by 75.8% in the third quarter. Capital Advisors Ltd. LLC now owns 443 shares of the company's stock valued at $34,000 after acquiring an additional 191 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new stake in shares of Liberty Broadband during the third quarter valued at $82,000. Institutional investors and hedge funds 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.