Liberty Broadband (NASDAQ:LBRDK) Coverage Initiated at StockNews.com

Investment analysts at StockNews.com assumed coverage on shares of Liberty Broadband (NASDAQ:LBRDK) in a research report issued to clients and investors on Tuesday. The brokerage set a “sell” rating on the stock.

Liberty Broadband Stock Performance

LBRDK stock opened at $79.49 on Tuesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07. The business has a 50-day moving average price of $77.78 and a 200 day moving average price of $76.88. The company has a market capitalization of $11.35 billion, a P/E ratio of 14.64 and a beta of 1.04. Liberty Broadband has a 1-year low of $46.46 and a 1-year high of $101.50.

Insiders Place Their Bets

In other Liberty Broadband news, CEO Gregory B. Maffei sold 125,000 shares of the business’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $79.74, for a total value of $9,967,500.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 10.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Liberty Broadband

A number of large investors have recently added to or reduced their stakes in LBRDK. Vanguard Group Inc. grew its stake in shares of Liberty Broadband by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 11,064,423 shares of the company’s stock worth $827,176,000 after acquiring an additional 95,599 shares during the last quarter. Barclays PLC grew its stake in shares of Liberty Broadband by 6.4% during the third quarter. Barclays PLC now owns 6,899,331 shares of the company’s stock worth $533,251,000 after acquiring an additional 415,496 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Liberty Broadband by 23.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 3,585,407 shares of the company’s stock worth $268,045,000 after acquiring an additional 686,089 shares during the last quarter. Deutsche Bank AG grew its stake in shares of Liberty Broadband by 125.6% during the fourth quarter. Deutsche Bank AG now owns 3,060,143 shares of the company’s stock worth $228,776,000 after acquiring an additional 1,703,637 shares during the last quarter. Finally, Finepoint Capital LP grew its stake in shares of Liberty Broadband by 1.1% during the fourth quarter. Finepoint Capital LP now owns 2,015,710 shares of the company’s stock worth $150,694,000 after acquiring an additional 21,200 shares during the last quarter. 80.22% of the stock is currently owned by 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.