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

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

Liberty Broadband Price Performance

LBRDK stock opened at $74.72 on Tuesday. The company has a market cap of $10.67 billion, a price-to-earnings ratio of 13.76 and a beta of 1.02. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40. The firm has a 50 day moving average of $84.72 and a 200-day moving average of $70.85. Liberty Broadband has a 12-month low of $46.46 and a 12-month high of $101.50.

Liberty Broadband (NASDAQ:LBRDK) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $2.68 by ($1.69). The business had revenue of $262.00 million during the quarter, compared to analyst estimates 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 in the previous year, the company posted $1.10 earnings per share. As a group, equities analysts expect that Liberty Broadband will post 6.72 EPS for the current fiscal year.

Insider Transactions at Liberty Broadband

In related news, CEO Gregory B. Maffei sold 125,000 shares of Liberty Broadband stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $79.74, for a total value of $9,967,500.00. Following the transaction, the chief executive officer now owns 1,435,256 shares in the company, valued at approximately $114,447,313.44. This trade represents a 8.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 196,542 shares of company stock worth $15,834,108 over the last quarter. 10.80% of the stock is currently owned by insiders.

Institutional Trading of Liberty Broadband

Institutional investors have recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. boosted its position in Liberty Broadband by 107.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 2,899,318 shares of the company’s stock valued at $224,088,000 after buying an additional 1,502,249 shares during the last quarter. Whitebox Advisors LLC grew its stake in Liberty Broadband by 29.5% during the 2nd quarter. Whitebox Advisors LLC now owns 2,978,107 shares of the company’s stock valued at $163,260,000 after purchasing an additional 677,785 shares in the last quarter. Millennium Management LLC raised its position in shares of Liberty Broadband by 67.4% in the 2nd quarter. Millennium Management LLC now owns 1,032,186 shares of the company’s stock valued at $56,584,000 after purchasing an additional 415,619 shares in the last quarter. Barclays PLC boosted 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 valued at $533,251,000 after buying an additional 415,496 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Liberty Broadband by 63.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 940,168 shares of the company’s stock worth $72,666,000 after buying an additional 366,614 shares in the last quarter. 80.22% of the stock is owned by hedge funds and other institutional investors.

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.