StockNews.com Initiates Coverage on Liberty Broadband (NASDAQ:LBRDK)

Stock analysts at StockNews.com initiated coverage on shares of Liberty Broadband (NASDAQ:LBRDK) in a report released on Saturday. The firm set a “sell” rating on the stock.

Liberty Broadband Stock Down 3.4 %

Liberty Broadband stock opened at $85.13 on Friday. Liberty Broadband has a 12 month low of $46.46 and a 12 month high of $101.50. The stock has a fifty day simple moving average of $81.25 and a two-hundred day simple moving average of $80.39. 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 cap of $12.20 billion, a price-to-earnings ratio of 15.68 and a beta of 1.06.

Liberty Broadband (NASDAQ:LBRDK) last released its quarterly earnings data on Thursday, February 27th. The company reported $2.04 EPS for the quarter, missing the consensus estimate of $3.67 by ($1.63). Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The business had revenue of $253.00 million for the quarter, compared to analysts’ expectations of $252.50 million. Equities analysts predict that Liberty Broadband will post 7.71 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in Liberty Broadband by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 11,064,423 shares of the company’s stock valued at $827,176,000 after acquiring an additional 95,599 shares during the last quarter. Barclays PLC grew its stake in shares of Liberty Broadband by 6.4% during the 3rd quarter. Barclays PLC now owns 6,899,331 shares of the company’s stock valued at $533,251,000 after purchasing an additional 415,496 shares during the period. Assenagon Asset Management S.A. increased its position in shares of Liberty Broadband by 23.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 3,585,407 shares of the company’s stock valued at $268,045,000 after purchasing an additional 686,089 shares during the last quarter. Deutsche Bank AG increased its position in shares of Liberty Broadband by 125.6% during the 4th quarter. Deutsche Bank AG now owns 3,060,143 shares of the company’s stock valued at $228,776,000 after purchasing an additional 1,703,637 shares during the last quarter. Finally, Finepoint Capital LP boosted its holdings in shares of Liberty Broadband by 1.1% in the fourth quarter. Finepoint Capital LP now owns 2,015,710 shares of the company’s stock worth $150,694,000 after buying an additional 21,200 shares during the last quarter. 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.