Liberty Broadband (NASDAQ:LBRDA) Shares Gap Down – Should You Sell?

Liberty Broadband Co. (NASDAQ:LBRDA)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $96.75, but opened at $92.95. Liberty Broadband shares last traded at $91.51, with a volume of 65,897 shares trading hands.

Analyst Ratings Changes

A number of research firms have recently commented on LBRDA. Rosenblatt Securities lowered shares of Liberty Broadband from a “buy” rating to a “neutral” rating and lifted their price target for the company from $91.00 to $92.00 in a research report on Thursday. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Liberty Broadband from $104.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, August 16th.

Liberty Broadband Price Performance

The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07. The stock’s 50 day simple moving average is $76.68 and its two-hundred day simple moving average is $63.20. The stock has a market cap of $12.76 billion, a price-to-earnings ratio of 16.38 and a beta of 1.04.

Liberty Broadband (NASDAQ:LBRDA) last issued its earnings results on Thursday, November 7th. The company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.66). Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The firm had revenue of $262.00 million during the quarter, compared to analyst estimates of $242.40 million. During the same quarter in the prior year, the firm posted $1.10 EPS.

Insider Activity

In related news, CAO Brian J. Wendling sold 2,208 shares of the company’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $75.84, for a total transaction of $167,454.72. Following the transaction, the chief accounting officer now owns 11,054 shares in the company, valued at $838,335.36. This represents a 16.65 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Renee L. Wilm sold 4,423 shares of the company’s 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 transaction, 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. 14.19% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in LBRDA. Sei Investments Co. raised its holdings in Liberty Broadband by 8.5% during the 1st quarter. Sei Investments Co. now owns 12,210 shares of the company’s stock worth $698,000 after purchasing an additional 960 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of Liberty Broadband in the 1st quarter valued at about $49,000. State Board of Administration of Florida Retirement System increased its stake in shares of Liberty Broadband by 16.4% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 21,537 shares of the company’s stock valued at $1,230,000 after acquiring an additional 3,033 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Liberty Broadband by 6.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,838 shares of the company’s stock valued at $505,000 after acquiring an additional 540 shares during the last quarter. Finally, Comerica Bank increased its stake in shares of Liberty Broadband by 16.0% in the 1st quarter. Comerica Bank now owns 7,283 shares of the company’s stock valued at $416,000 after acquiring an additional 1,003 shares during the last quarter. Institutional investors and hedge funds own 10.29% 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. Its Charter segment offers subscription-based Internet and video services, and mobile and voice services; and state-of-the-art residential and business services, which includes Spectrum Internet, TV, mobile and voice for small and medium-sized companies; Spectrum Business provides a suite of broadband products and services for businesses and government application; Spectrum Enterprise offers customized fiber-based solutions; Spectrum Reach provides advertising and production for the modern media landscape.