Liberty Broadband Co. (NASDAQ:LBRDA) Short Interest Up 29.2% in December

Liberty Broadband Co. (NASDAQ:LBRDA) saw a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 148,200 shares, an increase of 29.2% from the December 15th total of 114,700 shares. Based on an average daily volume of 188,300 shares, the short-interest ratio is presently 0.8 days. Currently, 0.9% of the shares of the company are sold short.

Insider Transactions at Liberty Broadband

In related news, CEO Gregory B. Maffei sold 125,000 shares of the business’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $79.74, for a total value of $9,967,500.00. Following the sale, the chief executive officer now directly owns 1,435,256 shares in the company, valued at approximately $114,447,313.44. The trade was a 8.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders sold a total of 196,542 shares of company stock worth $15,834,108 in the last quarter. Insiders own 14.19% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Franklin Resources Inc. bought a new position in Liberty Broadband in the third quarter valued at $30,000. American National Bank & Trust purchased a new position in shares of Liberty Broadband in the 3rd quarter worth about $32,000. GAMMA Investing LLC increased its position in shares of Liberty Broadband by 161.8% during the 3rd quarter. GAMMA Investing LLC now owns 631 shares of the company’s stock valued at $48,000 after purchasing an additional 390 shares during the last quarter. Paloma Partners Management Co purchased a new position in shares of Liberty Broadband during the 3rd quarter valued at about $54,000. Finally, Glenmede Trust Co. NA lifted its position in Liberty Broadband by 116.6% in the 3rd quarter. Glenmede Trust Co. NA now owns 990 shares of the company’s stock worth $76,000 after buying an additional 533 shares during the last quarter. 10.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Liberty Broadband Price Performance

Shares of LBRDA traded up $0.35 during midday trading on Friday, hitting $75.53. 265,754 shares of the company traded hands, compared to its average volume of 100,022. The stock has a 50-day moving average of $80.84 and a 200-day moving average of $72.15. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07. Liberty Broadband has a one year low of $47.17 and a one year high of $100.44. The firm has a market cap of $10.79 billion, a P/E ratio of 13.91 and a beta of 1.06.

Liberty Broadband (NASDAQ:LBRDA) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.99 earnings per share (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 business had revenue of $262.00 million for the quarter, compared to the consensus estimate of $242.40 million. During the same period in the prior year, the business posted $1.10 EPS.

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. 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.