Liberty Broadband (NASDAQ:LBRDK) Coverage Initiated at StockNews.com

Investment analysts at StockNews.com began 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 Up 0.6 %

Shares of LBRDK opened at $76.84 on Monday. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. The business has a fifty day moving average of $85.05 and a 200 day moving average of $69.97. The company has a market cap of $10.98 billion, a PE ratio of 14.15 and a beta of 1.02. Liberty Broadband has a 52-week low of $46.46 and a 52-week high of $101.50.

Liberty Broadband (NASDAQ:LBRDK) last released its earnings results on Thursday, November 7th. The company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.68 by ($1.69). The firm had revenue of $262.00 million during the quarter, compared to the consensus estimate 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 last year, the business posted $1.10 EPS. On average, sell-side analysts expect that Liberty Broadband will post 6.72 EPS for the current year.

Insider Transactions at Liberty Broadband

In other Liberty Broadband news, CAO Brian J. Wendling sold 2,208 shares of the company’s stock in a transaction dated 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 $838,335.36. This represents a 16.65 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gregory B. Maffei sold 71,500 shares of Liberty Broadband stock in a transaction on Monday, December 16th. The shares were sold at an average price of $82.00, for a total value of $5,863,000.00. Following the sale, the chief executive officer now directly owns 2,827,013 shares of the company’s stock, valued at approximately $231,815,066. This trade represents a 2.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 198,750 shares of company stock worth $16,001,563. 10.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Liberty Broadband

A number of hedge funds have recently made changes to their positions in the stock. Barclays PLC lifted its position in Liberty Broadband by 6.4% during the third quarter. Barclays PLC now owns 6,899,331 shares of the company’s stock valued at $533,251,000 after acquiring an additional 415,496 shares during the last quarter. Whitebox Advisors LLC lifted its holdings in shares of Liberty Broadband by 29.5% during the 2nd quarter. Whitebox Advisors LLC now owns 2,978,107 shares of the company’s stock valued at $163,260,000 after purchasing an additional 677,785 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in shares of 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 in the last quarter. Dimensional Fund Advisors LP grew its stake in Liberty Broadband by 19.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,062,256 shares of the company’s stock worth $113,045,000 after buying an additional 330,159 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Liberty Broadband by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,014,571 shares of the company’s stock valued at $155,736,000 after buying an additional 31,484 shares in the last quarter. 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.