Liberty Broadband (NASDAQ:LBRDA) Sees Large Volume Increase – Time to Buy?

Shares of Liberty Broadband Co. (NASDAQ:LBRDA) saw unusually-high trading volume on Friday . Approximately 62,349 shares were traded during mid-day trading, a decline of 23% from the previous session’s volume of 80,825 shares.The stock last traded at $75.55 and had previously closed at $75.18.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $95.00 target price (up previously from $90.00) on shares of Liberty Broadband in a research note on Friday, November 15th. Rosenblatt Securities cut Liberty Broadband from a “buy” rating to a “neutral” rating and increased their price objective for the company from $91.00 to $92.00 in a research report on Thursday, November 14th.

Liberty Broadband Price Performance

The stock has a fifty day moving average of $81.68 and a two-hundred day moving average of $71.98. 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 stock has a market capitalization of $10.78 billion, a price-to-earnings ratio of 13.89 and a beta of 1.06.

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

Insider Buying and Selling at Liberty Broadband

In other news, CEO Gregory B. Maffei sold 125,000 shares of Liberty Broadband stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $79.74, for a total transaction of $9,967,500.00. Following the completion of the sale, the chief executive officer now owns 1,435,256 shares in the company, valued at $114,447,313.44. The trade was a 8.01 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders have sold 196,542 shares of company stock worth $15,834,108. Insiders own 14.19% of the company’s stock.

Hedge Funds Weigh In On Liberty Broadband

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Franklin Resources Inc. bought a new position in shares of Liberty Broadband during the third quarter worth $30,000. American National Bank & Trust bought a new position in Liberty Broadband during the third quarter worth about $32,000. GAMMA Investing LLC grew its stake in Liberty Broadband by 161.8% in the third quarter. GAMMA Investing LLC now owns 631 shares of the company’s stock valued at $48,000 after acquiring an additional 390 shares during the period. Paloma Partners Management Co acquired a new stake in shares of Liberty Broadband during the third quarter worth about $54,000. Finally, Glenmede Trust Co. NA lifted its holdings in shares of Liberty Broadband by 116.6% during the 3rd quarter. Glenmede Trust Co. NA now owns 990 shares of the company’s stock valued at $76,000 after purchasing an additional 533 shares in the last quarter. Institutional investors own 10.29% 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. 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.