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

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

Liberty Broadband Trading Up 4.1%

Shares of Liberty Broadband stock opened at $101.29 on Friday. Liberty Broadband has a fifty-two week low of $49.38 and a fifty-two week high of $104.00. The firm has a market cap of $14.51 billion, a PE ratio of 18.65 and a beta of 1.02. The business’s fifty day moving average is $84.41 and its two-hundred day moving average is $82.79. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40.

Liberty Broadband (NASDAQ:LBRDK) last released its quarterly earnings data on Wednesday, May 7th. The company reported $1.87 EPS for the quarter. The business had revenue of $256.00 million during the quarter. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. Analysts anticipate that Liberty Broadband will post 7.71 earnings per share for the current year.

Institutional Trading of Liberty Broadband

A number of institutional investors and hedge funds have recently made changes to their positions in the company. SouthState Corp acquired a new stake in Liberty Broadband in the 1st quarter valued at $25,000. Smartleaf Asset Management LLC increased its holdings in Liberty Broadband by 61.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 406 shares of the company’s stock valued at $30,000 after purchasing an additional 154 shares in the last quarter. Blue Trust Inc. increased its holdings in Liberty Broadband by 134.3% in the 4th quarter. Blue Trust Inc. now owns 464 shares of the company’s stock valued at $36,000 after purchasing an additional 266 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in Liberty Broadband by 138.0% in the 4th quarter. Jones Financial Companies Lllp now owns 488 shares of the company’s stock valued at $36,000 after purchasing an additional 283 shares in the last quarter. Finally, Lee Danner & Bass Inc. acquired a new stake in Liberty Broadband in the 4th quarter valued at $36,000. 80.22% of the stock is currently owned by institutional investors and hedge funds.

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.