Liberty Broadband (NASDAQ:LBRDA) Trading Down 6.2% – What’s Next?

Liberty Broadband Co. (NASDAQ:LBRDA)’s stock price was down 6.2% on Monday . The stock traded as low as $80.10 and last traded at $80.12. Approximately 161,669 shares traded hands during mid-day trading, a decline of 1% from the average daily volume of 162,755 shares. The stock had previously closed at $85.42.

Analyst Ratings Changes

LBRDA has been the topic of several recent analyst reports. Rosenblatt Securities cut Liberty Broadband from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $91.00 to $92.00 in a research report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $95.00 price objective (up previously from $90.00) on shares of Liberty Broadband in a research note on Friday, November 15th.

Liberty Broadband Price Performance

The company’s 50-day simple moving average is $84.24 and its 200-day simple moving average is $67.63. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07. The company has a market cap of $11.47 billion, a price-to-earnings ratio of 14.80 and a beta of 1.05.

Liberty Broadband (NASDAQ:LBRDA) last issued its earnings results on Thursday, November 7th. The company reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.66). The business had revenue of $262.00 million during the quarter, compared to the consensus estimate of $242.40 million. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. During the same period in the prior year, the business earned $1.10 EPS.

Insider Buying and Selling at Liberty Broadband

In other Liberty Broadband news, CAO Brian J. Wendling sold 2,208 shares of Liberty Broadband stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $75.84, for a total transaction of $167,454.72. Following the sale, the chief accounting officer now directly owns 11,054 shares of the company’s stock, valued at approximately $838,335.36. The trade was a 16.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Renee L. Wilm sold 4,423 shares of the stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $76.56, for a total value of $338,624.88. Following the completion of the transaction, the insider now directly owns 3,670 shares of the company’s stock, valued at approximately $280,975.20. The trade was a 54.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,673 shares of company stock valued at $509,688 in the last three months. 14.19% of the stock is currently owned by company insiders.

Institutional Trading of Liberty Broadband

A number of large investors have recently bought and sold shares of the stock. Baupost Group LLC MA acquired a new position in Liberty Broadband in the third quarter valued at about $581,000. Verition Fund Management LLC acquired a new stake in Liberty Broadband during the 3rd quarter valued at $6,402,000. Creative Planning raised its position in Liberty Broadband by 48.5% in the 3rd quarter. Creative Planning now owns 15,884 shares of the company’s stock valued at $1,220,000 after purchasing an additional 5,186 shares during the last quarter. Seizert Capital Partners LLC boosted its stake in Liberty Broadband by 3.3% in the third quarter. Seizert Capital Partners LLC now owns 394,418 shares of the company’s stock worth $30,299,000 after purchasing an additional 12,515 shares in the last quarter. Finally, Private Management Group Inc. increased its stake in shares of Liberty Broadband by 29.8% in the second quarter. Private Management Group Inc. now owns 388,923 shares of the company’s stock valued at $21,235,000 after buying an additional 89,317 shares in the last quarter. 10.29% of the stock is currently owned by institutional investors.

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. Its Charter segment offers subscription-based Internet and video services, and mobile and voice services; and state-of-the-art residential and business services, which includes Spectrum Internet, TV, mobile and voice for small and medium-sized companies; Spectrum Business provides a suite of broadband products and services for businesses and government application; Spectrum Enterprise offers customized fiber-based solutions; Spectrum Reach provides advertising and production for the modern media landscape.