Short Interest in Liberty Broadband Co. (NASDAQ:LBRDA) Decreases By 6.4%

Liberty Broadband Co. (NASDAQ:LBRDA) saw a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 148,900 shares, a drop of 6.4% from the March 15th total of 159,100 shares. Currently, 0.9% of the company’s shares are sold short. Based on an average trading volume of 151,400 shares, the days-to-cover ratio is presently 1.0 days.

Insiders Place Their Bets

In other news, Director J David Wargo sold 15,000 shares of the firm’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $51.98, for a total transaction of $779,700.00. Following the completion of the transaction, the director now directly owns 72,332 shares in the company, valued at $3,759,817.36. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders sold a total of 45,000 shares of company stock valued at $2,435,830 over the last quarter. 19.65% of the stock is owned by insiders.

Institutional Trading of Liberty Broadband

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Principal Securities Inc. acquired a new position in Liberty Broadband in the 4th quarter valued at about $51,000. Prudential PLC acquired a new position in Liberty Broadband in the 1st quarter valued at about $58,000. MetLife Investment Management LLC acquired a new position in Liberty Broadband in the 1st quarter valued at about $61,000. Point72 Middle East FZE acquired a new position in Liberty Broadband in the 4th quarter valued at about $89,000. Finally, Citigroup Inc. increased its position in Liberty Broadband by 111.5% in the 2nd quarter. Citigroup Inc. now owns 1,180 shares of the company’s stock valued at $94,000 after acquiring an additional 622 shares during the period. Institutional investors and hedge funds own 10.29% of the company’s stock.

Liberty Broadband Trading Down 0.2 %

NASDAQ:LBRDA opened at $48.34 on Wednesday. The firm has a market cap of $6.91 billion, a PE ratio of 10.35, a price-to-earnings-growth ratio of 0.10 and a beta of 0.98. The stock has a fifty day moving average price of $56.94 and a 200 day moving average price of $72.94. Liberty Broadband has a 12-month low of $47.97 and a 12-month high of $95.61. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 0.42.

Liberty Broadband (NASDAQ:LBRDA) last released its earnings results on Friday, February 16th. The company reported $1.39 earnings per share (EPS) for the quarter. The firm had revenue of $250.00 million during the quarter, compared to analyst estimates of $250.00 million. Liberty Broadband had a return on equity of 7.76% and a net margin of 70.13%. Sell-side analysts anticipate that Liberty Broadband will post 12.03 earnings per share for the current fiscal year.

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.