Liberty Broadband (NASDAQ:LBRDA) Hits New 12-Month Low at $47.17

Shares of Liberty Broadband Co. (NASDAQ:LBRDA) hit a new 52-week low during trading on Friday . The company traded as low as $47.17 and last traded at $48.53, with a volume of 86792 shares traded. The stock had previously closed at $49.62.

Liberty Broadband Price Performance

The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $7.04 billion, a P/E ratio of 10.63, a PEG ratio of 0.11 and a beta of 0.98. The company has a fifty day simple moving average of $55.43 and a two-hundred day simple moving average of $71.25.

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

Insider Activity

In other Liberty Broadband news, Director J David Wargo sold 15,000 shares of the firm’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $51.98, for a total transaction of $779,700.00. Following the transaction, the director now owns 72,332 shares in the company, valued at $3,759,817.36. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders have sold a total of 45,000 shares of company stock valued at $2,435,830 in the last 90 days. 19.65% of the stock is owned by company insiders.

Institutional Investors Weigh In On Liberty Broadband

Several hedge funds have recently bought and sold shares of the company. Bislett Management LLC increased its holdings in shares of Liberty Broadband by 16.0% in the fourth quarter. Bislett Management LLC now owns 145,000 shares of the company’s stock worth $11,693,000 after acquiring an additional 20,000 shares in the last quarter. Viewpoint Investment Partners Corp bought a new stake in Liberty Broadband during the 4th quarter worth approximately $484,000. Savoie Capital LLC acquired a new stake in Liberty Broadband during the 3rd quarter worth approximately $17,588,000. Vanguard Group Inc. lifted its stake in Liberty Broadband by 3.2% in the third quarter. Vanguard Group Inc. now owns 1,564,367 shares of the company’s stock valued at $142,217,000 after buying an additional 48,811 shares in the last quarter. Finally, Strs Ohio bought a new position in Liberty Broadband in the third quarter valued at approximately $1,607,000. 10.29% of the stock is currently owned by institutional investors and hedge funds.

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.