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

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

Liberty Broadband Stock Performance

Liberty Broadband stock opened at $76.84 on Monday. Liberty Broadband has a 1 year low of $46.46 and a 1 year high of $101.50. The company’s 50-day moving average is $81.66 and its two-hundred day moving average is $81.50. 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 company has a market cap of $11.01 billion, a PE ratio of 14.15 and a beta of 1.03.

Liberty Broadband (NASDAQ:LBRDK) last announced its quarterly earnings data on Thursday, February 27th. The company reported $2.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.67 by ($1.63). Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The business had revenue of $253.00 million during the quarter, compared to the consensus estimate of $252.50 million. Equities analysts anticipate that Liberty Broadband will post 7.71 earnings per share for the current year.

Hedge Funds Weigh In On Liberty Broadband

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in shares of Liberty Broadband by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 11,064,423 shares of the company’s stock valued at $827,176,000 after buying an additional 95,599 shares during the period. Barclays PLC lifted its holdings in Liberty Broadband by 6.4% during 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 in the last quarter. Assenagon Asset Management S.A. grew its stake in Liberty Broadband by 23.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 3,585,407 shares of the company’s stock valued at $268,045,000 after acquiring an additional 686,089 shares during the period. Deutsche Bank AG increased its holdings in shares of Liberty Broadband by 125.6% in the fourth quarter. Deutsche Bank AG now owns 3,060,143 shares of the company’s stock worth $228,776,000 after acquiring an additional 1,703,637 shares in the last quarter. Finally, Finepoint Capital LP raised its position in shares of Liberty Broadband by 1.1% during the fourth quarter. Finepoint Capital LP now owns 2,015,710 shares of the company’s stock worth $150,694,000 after purchasing an additional 21,200 shares during the period. 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.