Liberty Broadband (NASDAQ:LBRDK) Trading Up 3.6% – Still a Buy?

Liberty Broadband Co. (NASDAQ:LBRDK) shares shot up 3.6% during trading on Monday . The company traded as high as $85.98 and last traded at $85.19. 502,911 shares were traded during trading, a decline of 39% from the average session volume of 829,274 shares. The stock had previously closed at $82.26.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Liberty Broadband in a research report on Tuesday, February 25th. They issued a “sell” rating on the stock.

Liberty Broadband Stock Performance

The company’s 50-day moving average price is $77.95 and its 200 day moving average price is $77.25. The stock has a market capitalization of $12.05 billion, a PE ratio of 15.53 and a beta of 1.04. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07.

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

Insider Activity

In other Liberty Broadband news, CEO Gregory B. Maffei sold 71,500 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $82.00, for a total transaction of $5,863,000.00. Following the completion of the transaction, the chief executive officer now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 10.80% of the stock is currently owned by company insiders.

Institutional Trading of Liberty Broadband

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Barclays PLC lifted its position in Liberty Broadband by 6.4% in the 3rd 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. ABC Arbitrage SA bought a new position in shares of Liberty Broadband during the fourth quarter valued at $563,000. Point72 Asset Management L.P. boosted its position in shares of Liberty Broadband by 54.8% during the third quarter. Point72 Asset Management L.P. now owns 294,641 shares of the company’s stock valued at $22,773,000 after buying an additional 104,272 shares during the last quarter. International Assets Investment Management LLC increased its holdings in Liberty Broadband by 9,029.0% in the 3rd quarter. International Assets Investment Management LLC now owns 12,598 shares of the company’s stock worth $974,000 after buying an additional 12,460 shares in the last quarter. Finally, Everence Capital Management Inc. bought a new stake in Liberty Broadband in the 4th quarter worth about $229,000. 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.