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

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

Liberty Broadband Stock Up 1.0 %

NASDAQ:LBRDK opened at $76.30 on Wednesday. The company has a market cap of $10.90 billion, a price-to-earnings ratio of 14.05 and a beta of 1.04. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. The stock’s fifty day moving average price is $83.96 and its two-hundred day moving average price is $71.94. Liberty Broadband has a 52-week low of $46.46 and a 52-week high of $101.50.

Liberty Broadband (NASDAQ:LBRDK) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $2.68 by ($1.69). The business had revenue of $262.00 million during the quarter, compared to analyst estimates of $237.41 million. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. During the same quarter in the prior year, the company earned $1.10 earnings per share. On average, analysts anticipate that Liberty Broadband will post 6.72 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Gregory B. Maffei sold 125,000 shares of the firm’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 sale, the chief executive officer now directly owns 1,435,256 shares in the company, valued at approximately $114,447,313.44. This trade represents a 8.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders sold a total of 196,542 shares of company stock valued at $15,834,108 in the last quarter. 10.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company raised its stake in 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 purchasing an additional 125 shares in the last quarter. Capital Advisors Ltd. LLC raised its holdings in Liberty Broadband by 75.8% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 443 shares of the company’s stock valued at $34,000 after acquiring an additional 191 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Liberty Broadband by 200.7% in the third quarter. GAMMA Investing LLC now owns 424 shares of the company’s stock worth $33,000 after purchasing an additional 283 shares during the period. Groupama Asset Managment bought a new position in Liberty Broadband in the 3rd quarter valued at about $25,000. Finally, Quarry LP acquired a new position in Liberty Broadband during the third quarter valued at approximately $28,000. Institutional investors and hedge funds own 80.22% 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.