Liberty Broadband (NASDAQ:LBRDK) Sets New 1-Year Low at $46.46

Liberty Broadband Co. (NASDAQ:LBRDK)’s share price hit a new 52-week low on Friday . The company traded as low as $46.46 and last traded at $48.20, with a volume of 406010 shares trading hands. The stock had previously closed at $49.39.

Analyst Upgrades and Downgrades

Separately, Citigroup dropped their target price on shares of Liberty Broadband from $108.00 to $83.00 and set a “buy” rating for the company in a report on Wednesday, February 7th.

Liberty Broadband Trading Down 0.3 %

The firm has a market capitalization of $7.04 billion, a price-to-earnings ratio of 10.55 and a beta of 0.95. The business’s 50-day simple moving average is $55.23 and its two-hundred day simple moving average is $70.91. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 0.42.

Liberty Broadband (NASDAQ:LBRDK) last announced its quarterly earnings results on Friday, February 16th. The company reported $1.39 earnings per share for the quarter, missing analysts’ consensus estimates of $2.62 by ($1.23). Liberty Broadband had a net margin of 70.13% and a return on equity of 7.76%. The company had revenue of $250.00 million for the quarter, compared to analyst estimates of $227.82 million. Equities analysts forecast that Liberty Broadband Co. will post 10.14 earnings per share for the current year.

Insider Activity at Liberty Broadband

In related news, Director J David Wargo sold 9,000 shares of Liberty Broadband stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $56.80, for a total value of $511,200.00. Following the completion of the transaction, the director now owns 97,332 shares in the company, valued at $5,528,457.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last quarter, insiders sold 45,000 shares of company stock worth $2,435,830. Corporate insiders own 10.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. CWM LLC lifted its position in shares of Liberty Broadband by 6.1% during the 3rd quarter. CWM LLC now owns 1,957 shares of the company’s stock worth $179,000 after buying an additional 112 shares during the last quarter. Wahed Invest LLC lifted its position in shares of Liberty Broadband by 9.4% during the 3rd quarter. Wahed Invest LLC now owns 1,835 shares of the company’s stock worth $168,000 after buying an additional 157 shares during the last quarter. Resonant Capital Advisors LLC lifted its position in shares of Liberty Broadband by 3.4% during the 3rd quarter. Resonant Capital Advisors LLC now owns 5,254 shares of the company’s stock worth $480,000 after buying an additional 174 shares during the last quarter. Daiwa Securities Group Inc. lifted its position in shares of Liberty Broadband by 2.8% during the 3rd quarter. Daiwa Securities Group Inc. now owns 7,245 shares of the company’s stock worth $662,000 after buying an additional 200 shares during the last quarter. Finally, Treasurer of the State of North Carolina lifted its position in shares of Liberty Broadband by 0.4% during the 3rd quarter. Treasurer of the State of North Carolina now owns 52,654 shares of the company’s stock worth $4,808,000 after buying an additional 230 shares during the last quarter. Institutional investors and hedge funds own 80.22% of the company’s stock.

About Liberty Broadband

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.