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

Equities researchers at StockNews.com assumed coverage on shares of Liberty Broadband (NASDAQ:LBRDK) in a research note issued on Wednesday. The firm set a “sell” rating on the stock.

LBRDK has been the topic of a number of other research reports. Morgan Stanley upped their target price on Liberty Broadband from $62.00 to $69.00 and gave the company an “equal weight” rating in a report on Friday, July 19th. Rosenblatt Securities increased their target price on shares of Liberty Broadband from $80.00 to $91.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th.

Liberty Broadband Stock Down 3.2 %

Shares of NASDAQ:LBRDK opened at $89.72 on Wednesday. Liberty Broadband has a 52 week low of $46.46 and a 52 week high of $101.50. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. The company has a market cap of $12.82 billion, a PE ratio of 16.51 and a beta of 1.02. The firm has a 50 day simple moving average of $77.37 and a 200 day simple moving average of $63.68.

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 business had revenue of $262.00 million during the quarter, compared to analyst estimates of $237.41 million. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. During the same period last year, the business earned $1.10 EPS. As a group, research analysts expect that Liberty Broadband will post 6.72 earnings per share for the current year.

Insider Buying and Selling

In related news, CAO Brian J. Wendling sold 2,208 shares of the firm’s stock in a transaction on Thursday, September 26th. The shares were 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 approximately $838,335.36. This trade represents a 16.65 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Renee L. Wilm sold 4,423 shares of the business’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $76.56, for a total transaction of $338,624.88. Following the transaction, the insider now directly owns 3,670 shares of the company’s stock, valued at approximately $280,975.20. This represents a 54.65 % decrease in their position. The disclosure for this sale can be found here. 10.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Liberty Broadband

A number of institutional investors have recently made changes to their positions in LBRDK. Assenagon Asset Management S.A. grew 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 worth $224,088,000 after purchasing an additional 1,502,249 shares during the last quarter. Whitebox Advisors LLC increased its stake in Liberty Broadband by 29.5% in the second quarter. Whitebox Advisors LLC now owns 2,978,107 shares of the company’s stock valued at $163,260,000 after acquiring an additional 677,785 shares during the period. Millennium Management LLC raised its position in Liberty Broadband by 67.4% in the second quarter. Millennium Management LLC now owns 1,032,186 shares of the company’s stock worth $56,584,000 after purchasing an additional 415,619 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in 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 purchasing an additional 366,614 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Liberty Broadband by 19.1% during the second quarter. Dimensional Fund Advisors LP now owns 2,062,256 shares of the company’s stock valued at $113,045,000 after purchasing an additional 330,159 shares in the last quarter. 80.22% of the stock is currently owned by 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.