Liberty Broadband (NASDAQ:LBRDK) Earns Sell Rating from Analysts at StockNews.com

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

Liberty Broadband Stock Up 1.6 %

NASDAQ LBRDK opened at $75.98 on Tuesday. The business’s fifty day simple moving average is $84.36 and its 200-day simple moving average is $71.09. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. The firm has a market cap of $10.85 billion, a PE ratio of 13.99 and a beta of 1.02. Liberty Broadband has a 52 week low of $46.46 and a 52 week high of $101.50.

Liberty Broadband (NASDAQ:LBRDK) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $2.68 by ($1.69). The firm 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 last year, the company earned $1.10 EPS. As a group, equities analysts anticipate that Liberty Broadband will post 6.72 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Gregory B. Maffei sold 125,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $79.74, for a total value of $9,967,500.00. Following the completion of the transaction, the chief executive officer now owns 1,435,256 shares of the company’s stock, valued at approximately $114,447,313.44. This trade represents a 8.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold 196,542 shares of company stock worth $15,834,108 over the last ninety days. Corporate insiders own 10.80% of the company’s stock.

Institutional Investors Weigh In On Liberty Broadband

Large investors have recently bought and sold shares of the stock. Groupama Asset Managment purchased a new stake in shares of Liberty Broadband in the 3rd quarter valued at approximately $25,000. Quarry LP purchased a new position in Liberty Broadband in the third quarter valued at $28,000. GAMMA Investing LLC raised its stake in 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 buying an additional 283 shares in the last quarter. Capital Advisors Ltd. LLC lifted its holdings in Liberty Broadband by 75.8% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 443 shares of the company’s stock worth $34,000 after buying an additional 191 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new position in shares of Liberty Broadband during the 3rd quarter worth about $82,000. Hedge funds and other 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.