Liberty Broadband Co. (NASDAQ:LBRDK) Short Interest Down 18.0% in November

Liberty Broadband Co. (NASDAQ:LBRDK) saw a significant drop in short interest during the month of November. As of November 30th, there was short interest totalling 3,420,000 shares, a drop of 18.0% from the November 15th total of 4,170,000 shares. Approximately 3.0% of the shares of the company are sold short. Based on an average daily trading volume, of 1,320,000 shares, the short-interest ratio is presently 2.6 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Liberty Broadband in a report on Sunday. They set a “sell” rating for the company.

Insider Buying and Selling

In other news, insider Renee L. Wilm sold 4,423 shares of the company’s stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $76.56, for a total transaction of $338,624.88. Following the completion of the sale, the insider now owns 3,670 shares of the company’s stock, valued at $280,975.20. This represents a 54.65 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Brian J. Wendling sold 2,208 shares of Liberty Broadband stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $75.84, for a total transaction of $167,454.72. Following the transaction, the chief accounting officer now owns 11,054 shares in the company, valued at $838,335.36. This represents a 16.65 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,673 shares of company stock worth $509,688. 10.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Barclays PLC raised its stake in shares of Liberty Broadband by 6.4% during the 3rd quarter. Barclays PLC now owns 6,899,331 shares of the company’s stock worth $533,251,000 after buying an additional 415,496 shares during the period. Hi Line Capital Management LLC lifted its stake in shares of Liberty Broadband by 498.4% in the third quarter. Hi Line Capital Management LLC now owns 141,056 shares of the company’s stock worth $10,902,000 after buying an additional 117,483 shares in the last quarter. Bank of Montreal Can raised its holdings in Liberty Broadband by 172.6% in the 2nd quarter. Bank of Montreal Can now owns 258,212 shares of the company’s stock valued at $14,173,000 after acquiring an additional 163,502 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in Liberty Broadband in the 3rd quarter valued at approximately $861,000. Finally, Commonwealth Equity Services LLC purchased a new stake in Liberty Broadband in the second quarter valued at approximately $602,000. Institutional investors and hedge funds own 80.22% of the company’s stock.

Liberty Broadband Stock Down 0.6 %

LBRDK traded down $0.52 on Monday, hitting $81.86. The company had a trading volume of 300,856 shares, compared to its average volume of 1,190,635. The stock has a market capitalization of $11.69 billion, a price-to-earnings ratio of 15.17 and a beta of 1.02. The stock has a fifty day moving average price of $85.11 and a 200-day moving average price of $68.89. Liberty Broadband has a 12-month low of $46.46 and a 12-month high of $101.50. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07.

Liberty Broadband (NASDAQ:LBRDK) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.99 EPS for the quarter, missing the consensus estimate of $2.68 by ($1.69). The firm had revenue of $262.00 million for the quarter, compared to the consensus estimate of $237.41 million. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. During the same quarter last year, the firm earned $1.10 EPS. Analysts predict that Liberty Broadband will post 6.72 EPS for the current fiscal year.

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.