Liberty Broadband (NASDAQ:LBRDK) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of Liberty Broadband (NASDAQ:LBRDK) in a research report sent to investors on Friday. The brokerage issued a sell rating on the stock.

Liberty Broadband Stock Performance

Shares of LBRDK opened at $83.69 on Friday. The firm has a market cap of $11.99 billion, a P/E ratio of 15.41 and a beta of 1.06. Liberty Broadband has a twelve month low of $46.46 and a twelve month 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 firm’s 50 day moving average price is $80.15 and its two-hundred day moving average price is $79.46.

Liberty Broadband (NASDAQ:LBRDK) last posted 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). The company had revenue of $253.00 million during the quarter, compared to the consensus estimate of $252.50 million. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. On average, analysts forecast that Liberty Broadband will post 7.71 EPS for the current fiscal year.

Hedge Funds Weigh In On Liberty Broadband

A number of large investors have recently bought and sold shares of the company. Atria Investments Inc bought a new position in shares of Liberty Broadband in the 3rd quarter valued at about $254,000. CIBC Asset Management Inc acquired a new position in Liberty Broadband during the third quarter valued at approximately $275,000. Commerce Bank boosted its position in Liberty Broadband by 13.6% during the third quarter. Commerce Bank now owns 9,644 shares of the company’s stock valued at $745,000 after purchasing an additional 1,153 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Liberty Broadband by 63.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 940,168 shares of the company’s stock valued at $72,666,000 after purchasing an additional 366,614 shares during the last quarter. Finally, Cerity Partners LLC grew its stake in Liberty Broadband by 8.3% in the third quarter. Cerity Partners LLC now owns 7,357 shares of the company’s stock valued at $569,000 after purchasing an additional 562 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.