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

StockNews.com assumed coverage on shares of Liberty Broadband (NASDAQ:LBRDK) in a research note released on Monday. The brokerage issued a sell rating on the stock.

Liberty Broadband Stock Down 0.3 %

LBRDK opened at $81.34 on Monday. Liberty Broadband has a fifty-two week low of $46.46 and a fifty-two week high of $101.50. 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 company has a market capitalization of $11.62 billion, a P/E ratio of 14.98 and a beta of 1.04. The stock has a fifty day moving average of $77.79 and a 200-day moving average of $76.27.

Insiders Place Their Bets

In related news, CEO Gregory B. Maffei sold 71,500 shares of the business’s 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 completion of the transaction, the chief executive officer now owns 2,827,013 shares of the company’s stock, valued at $231,815,066. The trade was a 2.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 10.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of LBRDK. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Liberty Broadband by 16.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 331,555 shares of the company’s stock valued at $24,787,000 after buying an additional 47,667 shares in the last quarter. Voloridge Investment Management LLC acquired a new position in Liberty Broadband during the fourth quarter valued at approximately $4,991,000. Tidal Investments LLC raised its position in Liberty Broadband by 13.5% during the fourth quarter. Tidal Investments LLC now owns 3,182 shares of the company’s stock valued at $238,000 after purchasing an additional 379 shares in the last quarter. Sand Grove Capital Management LLP raised its position in Liberty Broadband by 281.1% during the fourth quarter. Sand Grove Capital Management LLP now owns 129,539 shares of the company’s stock valued at $9,684,000 after purchasing an additional 95,546 shares in the last quarter. Finally, Royal Bank of Canada raised its position in Liberty Broadband by 33.2% during the fourth quarter. Royal Bank of Canada now owns 908,860 shares of the company’s stock valued at $67,946,000 after purchasing an additional 226,360 shares in the last quarter. Institutional investors and hedge funds own 80.22% of the company’s stock.

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.