Liberty Broadband (NASDAQ:LBRDK) Now Covered by StockNews.com

StockNews.com started coverage on shares of Liberty Broadband (NASDAQ:LBRDK) in a research report report published on Tuesday morning. The firm issued a sell rating on the stock.

Liberty Broadband Price Performance

Shares of NASDAQ:LBRDK opened at $75.98 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. Liberty Broadband has a 12 month low of $46.46 and a 12 month high of $101.50. The firm has a market capitalization of $10.85 billion, a P/E ratio of 13.99 and a beta of 1.02. The company’s fifty day moving average price is $84.36 and its 200 day moving average price is $71.09.

Liberty Broadband (NASDAQ:LBRDK) last posted its earnings results on Thursday, November 7th. The company reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $2.68 by ($1.69). The firm had revenue of $262.00 million for the quarter, compared to analyst estimates of $237.41 million. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. During the same quarter last year, the firm posted $1.10 EPS. As a group, sell-side analysts predict that Liberty Broadband will post 6.72 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Gregory B. Maffei sold 125,000 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $79.74, for a total transaction of $9,967,500.00. Following the transaction, the chief executive officer now owns 1,435,256 shares of the company’s stock, valued at $114,447,313.44. This trade represents a 8.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Over the last ninety days, insiders sold 196,542 shares of company stock valued at $15,834,108. 10.80% of the stock is currently owned by company insiders.

Institutional Trading of Liberty Broadband

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company lifted its stake in shares of Liberty Broadband by 0.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 27,186 shares of the company’s stock worth $2,101,000 after acquiring an additional 125 shares during the period. Capital Advisors Ltd. LLC raised its holdings in Liberty Broadband by 75.8% during the third quarter. Capital Advisors Ltd. LLC now owns 443 shares of the company’s stock worth $34,000 after purchasing an additional 191 shares in the last quarter. GAMMA Investing LLC lifted its position in Liberty Broadband by 200.7% in the third quarter. GAMMA Investing LLC now owns 424 shares of the company’s stock valued at $33,000 after purchasing an additional 283 shares during the period. Groupama Asset Managment acquired a new stake in Liberty Broadband in the third quarter valued at about $25,000. Finally, Quarry LP purchased a new stake in Liberty Broadband in the 3rd quarter valued at approximately $28,000. 80.22% of the stock is owned by hedge funds and other institutional investors.

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.