StockNews.com Begins Coverage on Liberty Broadband (NASDAQ:LBRDK)

Research analysts at StockNews.com began coverage on shares of Liberty Broadband (NASDAQ:LBRDK) in a note issued to investors on Wednesday. The firm set a “sell” rating on the stock.

Liberty Broadband Stock Performance

LBRDK stock opened at $76.30 on Wednesday. Liberty Broadband has a 1 year low of $46.46 and a 1 year high of $101.50. The stock has a market capitalization of $10.90 billion, a price-to-earnings ratio of 14.05 and a beta of 1.04. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. The stock’s fifty day moving average is $83.87 and its two-hundred day moving average is $71.97.

Liberty Broadband (NASDAQ:LBRDK) last issued its quarterly earnings data 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). Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The firm had revenue of $262.00 million during the quarter, compared to the consensus estimate of $237.41 million. During the same quarter in the prior year, the business earned $1.10 earnings per share. On average, research analysts predict that Liberty Broadband will post 6.72 EPS for the current year.

Insider Activity

In other Liberty Broadband news, CEO Gregory B. Maffei sold 71,500 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $82.00, for a total value of $5,863,000.00. Following the completion of the sale, the chief executive officer now directly owns 2,827,013 shares in the company, valued at $231,815,066. This represents a 2.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last ninety days, insiders have sold 196,542 shares of company stock valued at $15,834,108. Company insiders own 10.80% of the company’s stock.

Hedge Funds Weigh In On Liberty Broadband

Hedge funds have recently made changes to their positions in the business. Everence Capital Management Inc. acquired a new position in Liberty Broadband in the fourth quarter worth approximately $229,000. Franklin Resources Inc. bought a new stake in shares of Liberty Broadband during the 3rd quarter worth $175,000. Tidal Investments LLC acquired a new position in shares of Liberty Broadband in the 3rd quarter worth $217,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Liberty Broadband during the third quarter worth $8,773,000. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Liberty Broadband during the third quarter valued at $225,000. 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.