Liberty Broadband Co. (NASDAQ:LBRDA) Short Interest Update

Liberty Broadband Co. (NASDAQ:LBRDA) was the target of a significant decrease in short interest during the month of November. As of November 30th, there was short interest totalling 123,100 shares, a decrease of 31.9% from the November 15th total of 180,800 shares. Based on an average trading volume of 221,800 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.8% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Several research analysts recently commented on LBRDA shares. Rosenblatt Securities downgraded shares of Liberty Broadband from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $91.00 to $92.00 in a report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $95.00 price objective (up previously from $90.00) on shares of Liberty Broadband in a research report on Friday, November 15th.

Insider Transactions at Liberty Broadband

In related news, CAO Brian J. Wendling sold 2,208 shares of the stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $75.84, for a total value of $167,454.72. Following the transaction, the chief accounting officer now owns 11,054 shares in the company, valued at approximately $838,335.36. This represents a 16.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Renee L. Wilm sold 4,423 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 3,670 shares of the company’s stock, valued at $280,975.20. This represents a 54.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,673 shares of company stock valued at $509,688. 14.19% of the stock is owned by insiders.

Hedge Funds Weigh In On Liberty Broadband

Several large investors have recently bought and sold shares of LBRDA. Long Focus Capital Management LLC boosted its holdings in Liberty Broadband by 61.9% during the second quarter. Long Focus Capital Management LLC now owns 370,100 shares of the company’s stock worth $20,207,000 after buying an additional 141,500 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Liberty Broadband by 38.3% during the second quarter. Dimensional Fund Advisors LP now owns 376,293 shares of the company’s stock valued at $20,544,000 after purchasing an additional 104,268 shares during the period. Private Management Group Inc. increased its stake in Liberty Broadband by 29.8% in the second quarter. Private Management Group Inc. now owns 388,923 shares of the company’s stock valued at $21,235,000 after purchasing an additional 89,317 shares in the last quarter. Verition Fund Management LLC acquired a new stake in Liberty Broadband in the third quarter worth $6,402,000. Finally, Cowen AND Company LLC bought a new position in shares of Liberty Broadband during the second quarter worth $4,445,000. 10.29% of the stock is currently owned by institutional investors and hedge funds.

Liberty Broadband Price Performance

Shares of Liberty Broadband stock traded down $0.94 during midday trading on Friday, reaching $81.70. The company had a trading volume of 163,071 shares, compared to its average volume of 163,466. 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 stock has a fifty day simple moving average of $84.39 and a 200 day simple moving average of $67.82. Liberty Broadband has a 1-year low of $47.17 and a 1-year high of $100.44. The company has a market capitalization of $11.67 billion, a price-to-earnings ratio of 15.22 and a beta of 1.05.

Liberty Broadband (NASDAQ:LBRDA) last released its earnings results on Thursday, November 7th. The company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.66). Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The firm had revenue of $262.00 million during the quarter, compared to analyst estimates of $242.40 million. During the same period last year, the business posted $1.10 earnings per share.

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. Its Charter segment offers subscription-based Internet and video services, and mobile and voice services; and state-of-the-art residential and business services, which includes Spectrum Internet, TV, mobile and voice for small and medium-sized companies; Spectrum Business provides a suite of broadband products and services for businesses and government application; Spectrum Enterprise offers customized fiber-based solutions; Spectrum Reach provides advertising and production for the modern media landscape.