Liberty Broadband (NASDAQ:LBRDK) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of Liberty Broadband (NASDAQ:LBRDK) in a research report issued on Friday. 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 company a “buy” rating in a report on Wednesday, August 14th.

Liberty Broadband Trading Up 0.9 %

Shares of LBRDK opened at $85.14 on Friday. Liberty Broadband has a fifty-two week low of $46.46 and a fifty-two week high of $101.50. The business has a 50-day moving average of $83.52 and a 200 day moving average of $66.58. The firm has a market cap of $12.16 billion, a P/E ratio of 15.68 and a beta of 1.02. 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 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 business had revenue of $262.00 million during the quarter, compared to analysts’ expectations 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 in the previous year, the business earned $1.10 EPS. As a group, research analysts forecast that Liberty Broadband will post 6.72 EPS for the current year.

Insider Transactions at Liberty Broadband

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

Hedge Funds Weigh In On Liberty Broadband

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Groupama Asset Managment purchased a new position in shares of Liberty Broadband in the 3rd quarter worth about $25,000. Quarry LP bought a new position in Liberty Broadband during the third quarter valued at approximately $28,000. GAMMA Investing LLC raised its stake in shares of Liberty Broadband by 200.7% during the third quarter. GAMMA Investing LLC now owns 424 shares of the company’s stock worth $33,000 after acquiring an additional 283 shares in the last quarter. Capital Advisors Ltd. LLC raised its stake in shares of Liberty Broadband by 75.8% during the third quarter. Capital Advisors Ltd. LLC now owns 443 shares of the company’s stock worth $34,000 after acquiring an additional 191 shares in the last quarter. Finally, Versant Capital Management Inc lifted its holdings in shares of Liberty Broadband by 4,888.9% in the 2nd quarter. Versant Capital Management Inc now owns 449 shares of the company’s stock worth $25,000 after acquiring an additional 440 shares during the last quarter. 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.