Liberty Broadband (NASDAQ:LBRDK) Earns Sell Rating from Analysts at StockNews.com

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

Liberty Broadband Stock Up 0.6 %

Liberty Broadband stock opened at $75.98 on Thursday. The stock’s 50 day moving average price is $82.84 and its 200 day moving average price is $72.68. The company has a market cap of $10.85 billion, a PE ratio of 13.99 and a beta of 1.04. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07. Liberty Broadband has a 1-year low of $46.46 and a 1-year high of $101.50.

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). The company had revenue of $262.00 million for 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 firm posted $1.10 earnings per share. On average, sell-side analysts predict that Liberty Broadband will post 6.72 EPS for the current fiscal year.

Insider Buying and Selling at Liberty Broadband

In related news, CEO Gregory B. Maffei sold 125,000 shares of the business’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $79.74, for a total value of $9,967,500.00. Following the sale, the chief executive officer now directly owns 1,435,256 shares in the company, valued at $114,447,313.44. The trade was a 8.01 % 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 three months, insiders sold 196,542 shares of company stock valued at $15,834,108. Corporate insiders own 10.80% of the company’s stock.

Hedge Funds Weigh In On Liberty Broadband

Hedge funds have recently added to or reduced their stakes in the business. Barclays PLC raised its holdings in shares of Liberty Broadband by 6.4% in the third quarter. Barclays PLC now owns 6,899,331 shares of the company’s stock worth $533,251,000 after acquiring an additional 415,496 shares during the last quarter. Hi Line Capital Management LLC increased its position in Liberty Broadband by 498.4% during the 3rd quarter. Hi Line Capital Management LLC now owns 141,056 shares of the company’s stock worth $10,902,000 after purchasing an additional 117,483 shares in the last quarter. Bank of Montreal Can raised its stake 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 purchasing an additional 163,502 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new position in Liberty Broadband in the 3rd quarter valued at about $861,000. Finally, Commonwealth Equity Services LLC purchased a new position in Liberty Broadband in the 2nd quarter valued at about $602,000. 80.22% of the stock is currently 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.