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

StockNews.com initiated coverage on shares of Liberty Broadband (NASDAQ:LBRDK) in a research note issued to investors on Thursday. The firm issued a sell rating on the stock.

Separately, 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 report on Wednesday, August 14th.

Liberty Broadband Price Performance

Shares of Liberty Broadband stock opened at $86.92 on Thursday. The business’s 50-day moving average price is $81.17 and its 200-day moving average price is $65.54. The firm has a market capitalization of $12.42 billion, a PE ratio of 16.01 and a beta of 1.02. Liberty Broadband has a 12 month low of $46.46 and a 12 month high of $101.50. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40.

Liberty Broadband (NASDAQ:LBRDK) last posted its quarterly 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). Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. The business had revenue of $262.00 million for the quarter, compared to analysts’ expectations of $237.41 million. During the same period last year, the business posted $1.10 earnings per share. Sell-side analysts forecast that Liberty Broadband will post 6.72 EPS for the current fiscal year.

Insider Activity

In other news, CAO Brian J. Wendling sold 2,208 shares of the firm’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $75.84, for a total transaction of $167,454.72. Following the sale, the chief accounting officer now owns 11,054 shares of the company’s stock, valued at $838,335.36. This trade represents a 16.65 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Renee L. Wilm sold 4,423 shares of Liberty Broadband 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 approximately $280,975.20. This trade represents a 54.65 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,673 shares of company stock worth $509,688. Corporate insiders own 10.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Barclays PLC lifted its position 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 valued at $533,251,000 after acquiring an additional 415,496 shares in the last quarter. Whitebox Advisors LLC boosted its holdings in shares of Liberty Broadband by 29.5% in the 2nd quarter. Whitebox Advisors LLC now owns 2,978,107 shares of the company’s stock worth $163,260,000 after purchasing an additional 677,785 shares during the period. Assenagon Asset Management S.A. increased its position in Liberty Broadband by 107.5% during the third quarter. Assenagon Asset Management S.A. now owns 2,899,318 shares of the company’s stock valued at $224,088,000 after acquiring an additional 1,502,249 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Liberty Broadband by 19.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,062,256 shares of the company’s stock worth $113,045,000 after purchasing an additional 330,159 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Liberty Broadband by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,014,571 shares of the company’s stock worth $155,736,000 after acquiring an additional 31,484 shares during the last quarter. Hedge funds and other 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.