Short Interest in Liberty Broadband Co. (NASDAQ:LBRDA) Decreases By 6.4%

Liberty Broadband Co. (NASDAQ:LBRDA) was the target of a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 148,900 shares, a drop of 6.4% from the March 15th total of 159,100 shares. Based on an average daily volume of 151,400 shares, the short-interest ratio is presently 1.0 days. Currently, 0.9% of the company’s stock are sold short.

Liberty Broadband Price Performance

LBRDA opened at $48.34 on Wednesday. The firm has a market cap of $6.91 billion, a price-to-earnings ratio of 10.35, a price-to-earnings-growth ratio of 0.10 and a beta of 0.98. Liberty Broadband has a fifty-two week low of $47.97 and a fifty-two week high of $95.61. The company’s 50-day moving average price is $56.94 and its 200 day moving average price is $72.94. 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:LBRDA) last released its quarterly earnings data on Friday, February 16th. The company reported $1.39 earnings per share for the quarter. Liberty Broadband had a net margin of 70.13% and a return on equity of 7.76%. The firm had revenue of $250.00 million for the quarter, compared to analyst estimates of $250.00 million. As a group, sell-side analysts expect that Liberty Broadband will post 12.03 earnings per share for the current year.

Insider Transactions at Liberty Broadband

In related news, Director J David Wargo sold 11,000 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $57.33, for a total transaction of $630,630.00. Following the sale, the director now owns 106,332 shares in the company, valued at $6,096,013.56. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have sold 45,000 shares of company stock valued at $2,435,830. Insiders own 19.65% of the company’s stock.

Institutional Investors Weigh In On Liberty Broadband

Large investors have recently made changes to their positions in the company. Bislett Management LLC increased its stake in shares of Liberty Broadband by 16.0% in the fourth quarter. Bislett Management LLC now owns 145,000 shares of the company’s stock valued at $11,693,000 after purchasing an additional 20,000 shares during the period. Savoie Capital LLC acquired a new position in shares of Liberty Broadband during the third quarter valued at approximately $17,588,000. Vanguard Group Inc. increased its stake in shares of Liberty Broadband by 3.2% during the third quarter. Vanguard Group Inc. now owns 1,564,367 shares of the company’s stock valued at $142,217,000 after acquiring an additional 48,811 shares during the period. Strs Ohio acquired a new position in shares of Liberty Broadband during the third quarter valued at approximately $1,607,000. Finally, GSA Capital Partners LLP acquired a new position in shares of Liberty Broadband during the third quarter valued at approximately $1,896,000. Institutional investors and hedge funds own 10.29% of the company’s stock.

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.