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

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

Liberty Broadband Price Performance

Shares of NASDAQ:LBRDK opened at $74.76 on Tuesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. Liberty Broadband has a 52 week low of $46.46 and a 52 week high of $101.50. The firm has a market cap of $10.68 billion, a PE ratio of 13.77 and a beta of 1.02. The firm’s fifty day moving average is $84.46 and its 200-day moving average is $71.05.

Liberty Broadband (NASDAQ:LBRDK) last announced its earnings results on Thursday, November 7th. The company reported $0.99 EPS for the quarter, missing the consensus estimate of $2.68 by ($1.69). Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. The company had revenue of $262.00 million for the quarter, compared to analyst estimates of $237.41 million. During the same period in the previous year, the firm posted $1.10 earnings per share. Sell-side analysts predict that Liberty Broadband will post 6.72 earnings per share for the current year.

Insider Transactions at Liberty Broadband

In other Liberty Broadband news, CEO Gregory B. Maffei sold 125,000 shares of Liberty Broadband stock in a transaction that occurred on Wednesday, December 18th. The stock was 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. The trade was a 8.01 % 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. Insiders sold a total of 196,542 shares of company stock worth $15,834,108 over the last three months. 10.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Liberty Broadband

A number of institutional investors and hedge funds have recently made changes to their positions in LBRDK. The Manufacturers Life Insurance Company lifted its holdings in shares of 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 grew its holdings in shares of Liberty Broadband by 75.8% during the third quarter. Capital Advisors Ltd. LLC now owns 443 shares of the company’s stock valued at $34,000 after buying an additional 191 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Liberty Broadband by 200.7% during the third quarter. GAMMA Investing LLC now owns 424 shares of the company’s stock valued at $33,000 after buying an additional 283 shares during the last quarter. Groupama Asset Managment bought a new stake in shares of Liberty Broadband during the third quarter worth about $25,000. Finally, Quarry LP acquired a new stake in shares of Liberty Broadband in the 3rd quarter worth about $28,000. 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.