Liberty Broadband (NASDAQ:LBRDK) Earns Sell Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Liberty Broadband (NASDAQ:LBRDK) in a report released on Thursday. The firm issued a sell rating on the stock.

Liberty Broadband Price Performance

NASDAQ:LBRDK opened at $76.50 on Thursday. Liberty Broadband has a one year low of $46.46 and a one year high of $101.50. The stock has a market cap of $10.93 billion, a PE ratio of 14.09 and a beta of 1.04. The stock has a 50 day moving average price of $81.48 and a 200 day moving average price of $73.01. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07.

Liberty Broadband (NASDAQ:LBRDK) last posted its quarterly 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). 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 analysts’ expectations of $237.41 million. During the same period last year, the company earned $1.10 EPS. Equities research analysts expect that Liberty Broadband will post 7.71 EPS for the current fiscal year.

Insider Activity at Liberty Broadband

In other Liberty Broadband news, CEO Gregory B. Maffei sold 125,000 shares of Liberty Broadband stock in a transaction dated Wednesday, December 18th. The stock was 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 directly owns 1,435,256 shares of the company’s stock, 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 at this link. Over the last quarter, insiders sold 196,542 shares of company stock worth $15,834,108. Corporate insiders own 10.80% of the company’s stock.

Hedge Funds Weigh In On Liberty Broadband

Several large investors have recently bought and sold shares of LBRDK. Barclays PLC increased its holdings in shares of Liberty Broadband by 6.4% in the 3rd quarter. Barclays PLC now owns 6,899,331 shares of the company’s stock valued at $533,251,000 after acquiring an additional 415,496 shares during the period. Hi Line Capital Management LLC increased its position in Liberty Broadband by 498.4% in the 3rd quarter. Hi Line Capital Management LLC now owns 141,056 shares of the company’s stock valued at $10,902,000 after acquiring an additional 117,483 shares during the period. Bank of Montreal Can boosted its holdings in Liberty Broadband by 172.6% in the 2nd quarter. Bank of Montreal Can now owns 258,212 shares of the company’s stock valued at $14,173,000 after purchasing an additional 163,502 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in shares of Liberty Broadband in the third quarter valued at approximately $861,000. Finally, Commonwealth Equity Services LLC purchased a new position in Liberty Broadband in the second quarter worth $602,000. Institutional investors and hedge funds 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.