Liberty Broadband (NASDAQ:LBRDK) Earns Sell Rating from Analysts at StockNews.com

Investment analysts at StockNews.com initiated coverage on shares of Liberty Broadband (NASDAQ:LBRDK) in a research note issued to investors on Tuesday. The brokerage set a “sell” rating on the stock.

Liberty Broadband Price Performance

Shares of NASDAQ LBRDK opened at $79.49 on Tuesday. The business’s 50 day moving average price is $77.78 and its 200 day moving average price is $76.88. The firm has a market cap of $11.35 billion, a P/E ratio of 14.64 and a beta of 1.04. Liberty Broadband has a 52 week low of $46.46 and a 52 week high of $101.50. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40.

Insider Activity at Liberty Broadband

In related news, CEO Gregory B. Maffei sold 71,500 shares of the company’s stock in a transaction that occurred on 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 owns 2,827,013 shares in the company, valued at $231,815,066. This represents a 2.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 10.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Forum Financial Management LP lifted its holdings in Liberty Broadband by 32.4% in the fourth quarter. Forum Financial Management LP now owns 3,678 shares of the company’s stock valued at $275,000 after acquiring an additional 901 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Liberty Broadband by 16.8% in the fourth 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 acquiring an additional 47,667 shares during the period. Voloridge Investment Management LLC acquired a new position in Liberty Broadband in the fourth quarter valued at approximately $4,991,000. Tidal Investments LLC lifted its holdings in Liberty Broadband by 13.5% in the fourth quarter. Tidal Investments LLC now owns 3,182 shares of the company’s stock valued at $238,000 after acquiring an additional 379 shares during the period. Finally, Sand Grove Capital Management LLP lifted its holdings in Liberty Broadband by 281.1% in the fourth quarter. Sand Grove Capital Management LLP now owns 129,539 shares of the company’s stock valued at $9,684,000 after acquiring an additional 95,546 shares during the period. 80.22% of the stock is owned by institutional investors and hedge funds.

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.