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

StockNews.com initiated coverage on shares of Liberty Broadband (NASDAQ:LBRDK) in a research note released on Wednesday. The brokerage issued a sell rating on the stock.

Liberty Broadband Stock Up 1.0 %

Shares of NASDAQ:LBRDK opened at $76.30 on Wednesday. The firm has a market cap of $10.90 billion, a P/E ratio of 14.05 and a beta of 1.04. The business has a fifty day simple moving average of $83.96 and a 200 day simple moving average of $71.94. 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 has a 12-month low of $46.46 and a 12-month high of $101.50.

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

Insider Activity

In other Liberty Broadband news, CEO Gregory B. Maffei sold 71,500 shares of Liberty Broadband stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $82.00, for a total transaction of $5,863,000.00. Following the transaction, the chief executive officer now owns 2,827,013 shares of the company’s stock, valued at $231,815,066. This trade represents a 2.47 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 196,542 shares of company stock worth $15,834,108 over the last 90 days. 10.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Liberty Broadband

Several large investors have recently made changes to their positions in LBRDK. Groupama Asset Managment bought a new stake in shares of Liberty Broadband in the third quarter valued at approximately $25,000. Quarry LP purchased a new position in Liberty Broadband in the 3rd quarter valued at approximately $28,000. GAMMA Investing LLC raised its stake in shares of Liberty Broadband by 200.7% during the 3rd quarter. GAMMA Investing LLC now owns 424 shares of the company’s stock valued at $33,000 after purchasing an additional 283 shares during the period. Capital Advisors Ltd. LLC increased its position 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 period. Finally, Brooklyn Investment Group purchased a new stake in Liberty Broadband in the 3rd quarter worth approximately $82,000. 80.22% of the stock is owned by hedge funds and other institutional investors.

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.