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

StockNews.com began coverage on shares of Liberty Broadband (NASDAQ:LBRDK) in a research report sent to investors on Wednesday morning. The firm issued a sell rating on the stock.

Liberty Broadband Price Performance

Liberty Broadband stock opened at $73.49 on Wednesday. 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 $10.50 billion, a P/E ratio of 13.53 and a beta of 1.04. The stock has a fifty day moving average of $83.54 and a 200-day moving average of $72.12.

Liberty Broadband (NASDAQ:LBRDK) last issued its earnings results on Thursday, November 7th. The company reported $0.99 EPS for the quarter, missing the consensus estimate of $2.68 by ($1.69). Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. The business had revenue of $262.00 million for the quarter, compared to analyst estimates of $237.41 million. During the same period in the previous year, the firm 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 Transactions at Liberty Broadband

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

Hedge Funds Weigh In On Liberty Broadband

Several large investors have recently modified their holdings of the business. Groupama Asset Managment acquired a new stake in Liberty Broadband in the third quarter valued at $25,000. Quarry LP acquired a new position in Liberty Broadband during the 3rd quarter worth about $28,000. GAMMA Investing LLC grew its position in shares of Liberty Broadband by 200.7% in the 3rd quarter. GAMMA Investing LLC now owns 424 shares of the company’s stock valued at $33,000 after buying an additional 283 shares during the last quarter. Capital Advisors Ltd. LLC increased its stake in shares of Liberty Broadband by 75.8% in the third quarter. Capital Advisors Ltd. LLC now owns 443 shares of the company’s stock valued at $34,000 after buying an additional 191 shares during the period. Finally, Brooklyn Investment Group acquired a new position in shares of Liberty Broadband in the third quarter worth approximately $82,000. 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.