Liberty Broadband (NASDAQ:LBRDK) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Liberty Broadband (NASDAQ:LBRDK) in a research report report published on Wednesday morning. The brokerage issued a sell rating on the stock.

Other research analysts have also recently issued reports about the stock. Morgan Stanley increased their target price on shares of Liberty Broadband from $62.00 to $69.00 and gave the company an “equal weight” rating in a report on Friday, July 19th. Rosenblatt Securities lifted their price objective on Liberty Broadband from $80.00 to $91.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th.

Liberty Broadband Stock Down 1.6 %

LBRDK stock opened at $88.32 on Wednesday. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40. Liberty Broadband has a 12 month low of $46.46 and a 12 month high of $101.50. The firm has a 50-day moving average of $78.50 and a two-hundred day moving average of $64.13. The company has a market cap of $12.62 billion, a price-to-earnings ratio of 16.27 and a beta of 1.02.

Liberty Broadband (NASDAQ:LBRDK) last announced its earnings results on Thursday, November 7th. The company reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $2.68 by ($1.69). The business had revenue of $262.00 million during the quarter, compared to analysts’ expectations of $237.41 million. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. During the same period in the previous year, the company posted $1.10 earnings per share. As a group, analysts forecast that Liberty Broadband will post 6.72 earnings per share for the current fiscal year.

Insider Activity

In other Liberty Broadband news, CAO Brian J. Wendling sold 2,208 shares of Liberty Broadband stock in a transaction that occurred 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 transaction, the chief accounting officer now directly owns 11,054 shares of the company’s stock, valued at $838,335.36. The trade was a 16.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, 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 transaction of $338,624.88. Following the sale, the insider now owns 3,670 shares of the company’s stock, valued at approximately $280,975.20. This represents a 54.65 % 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

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC boosted its position in Liberty Broadband by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,014,571 shares of the company’s stock valued at $155,736,000 after buying an additional 31,484 shares during the last quarter. Barclays PLC lifted its stake in Liberty Broadband by 6.4% during the third quarter. Barclays PLC now owns 6,899,331 shares of the company’s stock worth $533,251,000 after purchasing an additional 415,496 shares during the last quarter. Groupama Asset Managment acquired a new position in shares of Liberty Broadband in the 3rd quarter valued at about $25,000. XTX Topco Ltd bought a new position in shares of Liberty Broadband during the third quarter valued at approximately $644,000. Finally, National Bank of Canada FI acquired a new stake in Liberty Broadband in the third quarter worth $3,541,000. Hedge funds and other institutional investors own 80.22% of the company’s stock.

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.