Liberty Broadband (NASDAQ:LBRDA) Reaches New 52-Week Low at $47.17

Liberty Broadband Co. (NASDAQ:LBRDA)’s share price reached a new 52-week low during trading on Friday . The company traded as low as $47.17 and last traded at $48.53, with a volume of 86792 shares. The stock had previously closed at $49.62.

Liberty Broadband Price Performance

The firm has a market capitalization of $7.04 billion, a P/E ratio of 10.63, a PEG ratio of 0.11 and a beta of 0.98. The company has a fifty day moving average of $55.43 and a 200 day moving average of $71.25. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.42 and a quick ratio of 2.42.

Liberty Broadband (NASDAQ:LBRDA) last posted 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 company had revenue of $250.00 million during the quarter, compared to analysts’ expectations of $250.00 million. Sell-side analysts predict that Liberty Broadband Co. will post 12.03 earnings per share for the current year.

Insiders Place Their Bets

In other Liberty Broadband news, Director J David Wargo sold 9,000 shares of Liberty Broadband stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $56.80, for a total value of $511,200.00. Following the completion of the sale, the director now directly owns 97,332 shares in the company, valued at $5,528,457.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In the last ninety days, insiders sold 45,000 shares of company stock worth $2,435,830. Company insiders own 19.65% of the company’s stock.

Institutional Investors Weigh In On Liberty Broadband

Large investors have recently bought and sold shares of the stock. Principal Securities Inc. acquired a new stake in Liberty Broadband in the fourth quarter valued at approximately $51,000. Spire Wealth Management lifted its holdings in shares of Liberty Broadband by 9,080.0% in the 1st quarter. Spire Wealth Management now owns 918 shares of the company’s stock worth $52,000 after purchasing an additional 908 shares in the last quarter. Citigroup Inc. grew its position in Liberty Broadband by 14.2% in the 3rd quarter. Citigroup Inc. now owns 1,348 shares of the company’s stock valued at $123,000 after purchasing an additional 168 shares during the period. Signaturefd LLC increased its stake in Liberty Broadband by 32.1% during the 3rd quarter. Signaturefd LLC now owns 1,580 shares of the company’s stock valued at $144,000 after purchasing an additional 384 shares in the last quarter. Finally, Bfsg LLC acquired a new position in Liberty Broadband during the first quarter worth $172,000. 10.29% of the stock is currently owned by institutional investors and hedge funds.

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.