Liberty Broadband (NASDAQ:LBRDK) Reaches New 1-Year Low – Time to Sell?

Liberty Broadband Corporation (NASDAQ:LBRDK) shares reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $46.08 and last traded at $46.37, with a volume of 668824 shares trading hands. The stock had previously closed at $46.62.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Weiss Ratings downgraded shares of Liberty Broadband from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday. Wall Street Zen downgraded shares of Liberty Broadband from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Liberty Broadband currently has an average rating of “Sell”.

Liberty Broadband Trading Down 0.5%

The firm has a market capitalization of $6.65 billion, a P/E ratio of 8.40 and a beta of 1.01. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.19. The stock has a 50 day simple moving average of $57.44 and a 200-day simple moving average of $73.68.

Liberty Broadband (NASDAQ:LBRDK) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $1.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.57. The company had revenue of $257.00 million for the quarter, compared to the consensus estimate of $267.70 million. Liberty Broadband had a net margin of 105.04% and a return on equity of 12.23%. On average, equities research analysts forecast that Liberty Broadband Corporation will post 7.71 EPS for the current fiscal year.

Institutional Investors Weigh In On Liberty Broadband

Several hedge funds and other institutional investors have recently modified their holdings of LBRDK. SouthState Corp purchased a new position in Liberty Broadband during the first quarter valued at $25,000. Parkside Financial Bank & Trust increased its position in Liberty Broadband by 195.1% in the second quarter. Parkside Financial Bank & Trust now owns 360 shares of the company’s stock worth $35,000 after buying an additional 238 shares in the last quarter. Assetmark Inc. raised its stake in shares of Liberty Broadband by 1,054.1% in the second quarter. Assetmark Inc. now owns 427 shares of the company’s stock worth $42,000 after buying an additional 390 shares during the period. Johnson Financial Group Inc. purchased a new position in shares of Liberty Broadband during the 3rd quarter valued at about $42,000. Finally, Vestor Capital LLC purchased a new position in shares of Liberty Broadband during the 1st quarter valued at about $44,000. 80.22% of the stock is currently owned by hedge funds and other institutional investors.

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.