Liberty Broadband (NASDAQ:LBRDA) Shares Gap Up – What’s Next?

Liberty Broadband Corporation (NASDAQ:LBRDA)’s share price gapped up before the market opened on Friday . The stock had previously closed at $44.55, but opened at $47.64. Liberty Broadband shares last traded at $48.0730, with a volume of 27,749 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Liberty Broadband in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $115.00.

Liberty Broadband Trading Up 10.9%

The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.19. The firm has a market cap of $7.09 billion, a price-to-earnings ratio of 8.96 and a beta of 0.99. The company’s 50-day moving average price is $46.80 and its 200-day moving average price is $56.27.

Liberty Broadband (NASDAQ:LBRDA) last announced its earnings results on Wednesday, November 5th. The company reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.57. Liberty Broadband had a net margin of 103.04% and a return on equity of 12.23%.

Insider Transactions at Liberty Broadband

In other news, Director J David Wargo sold 2,889 shares of the business’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $47.10, for a total value of $136,071.90. Following the sale, the director directly owned 31,542 shares of the company’s stock, valued at approximately $1,485,628.20. The trade was a 8.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 11.59% of the company’s stock.

Hedge Funds Weigh In On Liberty Broadband

Large investors have recently bought and sold shares of the business. Quent Capital LLC acquired a new position in shares of Liberty Broadband in the 3rd quarter valued at $36,000. Comerica Bank lifted its position in Liberty Broadband by 104.2% in the fourth quarter. Comerica Bank now owns 1,027 shares of the company’s stock valued at $50,000 after acquiring an additional 524 shares during the last quarter. Franklin Resources Inc. boosted its stake in Liberty Broadband by 66.2% in the second quarter. Franklin Resources Inc. now owns 615 shares of the company’s stock valued at $60,000 after acquiring an additional 245 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Liberty Broadband by 21.2% during the second quarter. GAMMA Investing LLC now owns 698 shares of the company’s stock worth $68,000 after purchasing an additional 122 shares during the last quarter. Finally, Atlantic Union Bankshares Corp purchased a new position in shares of Liberty Broadband during the third quarter worth about $144,000. Hedge funds and other institutional investors own 10.29% of the company’s stock.

About Liberty Broadband

Liberty Broadband Corporation is a holding company primarily focused on investments in broadband businesses, most notably a significant equity interest in Charter Communications, Inc As a shareholder of Charter’s Class A common stock, Liberty Broadband benefits from the growth and operational performance of one of the largest cable and broadband providers in the United States. The company does not operate consumer services directly but instead seeks to enhance shareholder value through its strategic stake and board representation in Charter.

In addition to its Charter position, Liberty Broadband holds an ownership interest in GCI Liberty, Inc, a holding company with interests in an Alaskan telecommunications provider and other media assets.