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

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.

Other equities analysts have also issued research reports about the stock. Rosenblatt Securities boosted their price objective on shares of Liberty Broadband from $80.00 to $91.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Morgan Stanley increased their price target on Liberty Broadband from $62.00 to $69.00 and gave the company an “equal weight” rating in a report on Friday, July 19th.

Liberty Broadband Stock Performance

NASDAQ:LBRDK opened at $88.32 on Wednesday. Liberty Broadband has a twelve month low of $46.46 and a twelve month high of $101.50. The firm has a market capitalization of $12.62 billion, a price-to-earnings ratio of 16.27 and a beta of 1.02. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40. The firm’s fifty day simple moving average is $78.50 and its 200 day simple moving average is $64.23.

Liberty Broadband (NASDAQ:LBRDK) last issued its earnings results 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 during the quarter, compared to analysts’ expectations of $237.41 million. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. During the same period in the previous year, the company earned $1.10 EPS. As a group, equities research analysts expect that Liberty Broadband will post 6.72 earnings per share for the current fiscal year.

Insider Transactions at Liberty Broadband

In other Liberty Broadband news, CAO Brian J. Wendling sold 2,208 shares of the stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $75.84, for a total transaction of $167,454.72. Following the sale, the chief accounting officer now directly owns 11,054 shares of the company’s stock, valued at approximately $838,335.36. This represents a 16.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Renee L. Wilm sold 4,423 shares of the stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $76.56, for a total transaction of $338,624.88. Following the sale, the insider now owns 3,670 shares in the company, valued at approximately $280,975.20. This trade represents a 54.65 % decrease in their position. The disclosure for this sale can be found here. Insiders own 10.80% of the company’s stock.

Hedge Funds Weigh In On Liberty Broadband

Several institutional investors have recently modified their holdings of the company. Geode Capital Management LLC boosted its position in shares of Liberty Broadband by 1.6% during the third quarter. Geode Capital Management LLC now owns 2,014,571 shares of the company’s stock worth $155,736,000 after buying an additional 31,484 shares during the period. Barclays PLC boosted its position in Liberty Broadband by 6.4% during the 3rd quarter. Barclays PLC now owns 6,899,331 shares of the company’s stock worth $533,251,000 after acquiring an additional 415,496 shares during the period. Groupama Asset Managment bought a new position in shares of Liberty Broadband in the third quarter worth $25,000. XTX Topco Ltd acquired a new position in shares of Liberty Broadband during the third quarter valued at $644,000. Finally, National Bank of Canada FI acquired a new position in shares of Liberty Broadband during the third quarter valued at $3,541,000. 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.