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

Research analysts at StockNews.com started coverage on shares of Liberty Broadband (NASDAQ:LBRDK) in a report issued on Thursday. The firm set a “sell” rating on the stock.

Separately, Rosenblatt Securities boosted their target price on shares of Liberty Broadband from $80.00 to $91.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th.

Liberty Broadband Price Performance

Liberty Broadband stock opened at $86.92 on Thursday. 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 has a 52 week low of $46.46 and a 52 week high of $101.50. The stock has a market capitalization of $12.42 billion, a P/E ratio of 16.01 and a beta of 1.02. The stock has a fifty day moving average of $81.17 and a 200-day moving average of $65.36.

Liberty Broadband (NASDAQ:LBRDK) last posted 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 company had revenue of $262.00 million during 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 period last year, the company posted $1.10 EPS. On average, sell-side analysts expect that Liberty Broadband will post 6.72 earnings per share for the current fiscal year.

Insider Buying and Selling

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Groupama Asset Managment acquired a new stake in Liberty Broadband during the third quarter worth approximately $25,000. Quarry LP bought a new position in shares of Liberty Broadband during the 3rd quarter worth approximately $28,000. GAMMA Investing LLC grew its position in shares of Liberty Broadband by 200.7% during the 3rd quarter. GAMMA Investing LLC now owns 424 shares of the company’s stock worth $33,000 after buying an additional 283 shares during the period. Capital Advisors Ltd. LLC increased its stake in shares of Liberty Broadband by 75.8% in the 3rd 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, Versant Capital Management Inc lifted its position in shares of Liberty Broadband by 4,888.9% during the 2nd quarter. Versant Capital Management Inc now owns 449 shares of the company’s stock valued at $25,000 after acquiring an additional 440 shares during the period. 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.