Liberty Broadband (NASDAQ:LBRDK) Shares Gap Up – Still a Buy?

Liberty Broadband Co. (NASDAQ:LBRDK) gapped up prior to trading on Friday . The stock had previously closed at $74.61, but opened at $78.72. Liberty Broadband shares last traded at $78.66, with a volume of 85,369 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Liberty Broadband in a report on Friday, January 24th. They issued a “sell” rating for the company.

Liberty Broadband Trading Up 4.0 %

The firm has a 50 day simple moving average of $79.34 and a 200 day simple moving average of $74.42. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $11.09 billion, a PE ratio of 14.22 and a beta of 1.04.

Liberty Broadband (NASDAQ:LBRDK) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.68 by ($1.69). The firm had revenue of $262.00 million during the quarter, compared to analysts’ expectations 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 business earned $1.10 earnings per share. Equities analysts expect that Liberty Broadband Co. will post 7.71 earnings per share for the current fiscal year.

Insider Activity at Liberty Broadband

In other news, CEO Gregory B. Maffei sold 71,500 shares of Liberty Broadband stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $82.00, for a total value of $5,863,000.00. Following the sale, the chief executive officer now directly owns 2,827,013 shares of the company’s stock, valued at approximately $231,815,066. The trade was a 2.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders have sold 196,542 shares of company stock worth $15,834,108. Corporate insiders own 10.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. AQR Capital Management LLC purchased a new stake in shares of Liberty Broadband during the 2nd quarter valued at $326,000. GAMMA Investing LLC grew its position in shares of Liberty Broadband by 200.7% during the 3rd quarter. GAMMA Investing LLC now owns 424 shares of the company’s stock valued at $33,000 after acquiring an additional 283 shares during the period. Gateway Investment Advisers LLC acquired a new stake in shares of Liberty Broadband during the 3rd quarter valued at about $227,000. BlueDrive Global Investors LLP acquired a new stake in shares of Liberty Broadband during the 3rd quarter valued at about $6,251,000. Finally, Whittier Trust Co. boosted its holdings in Liberty Broadband by 36.5% in the 3rd quarter. Whittier Trust Co. now owns 8,600 shares of the company’s stock worth $665,000 after buying an additional 2,300 shares during the last quarter. Institutional investors 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.