Liberty Broadband (NASDAQ:LBRDK) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Liberty Broadband (NASDAQ:LBRDK) in a research note released on Thursday morning. The brokerage issued a sell rating on the stock.

Separately, Rosenblatt Securities lifted their target price on shares of Liberty Broadband from $80.00 to $91.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th.

Liberty Broadband Stock Performance

NASDAQ:LBRDK opened at $86.90 on Thursday. The company’s 50-day moving average price is $80.65 and its 200-day moving average price is $65.12. 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 company has a market cap of $12.41 billion, a P/E ratio of 15.93 and a beta of 1.02. Liberty Broadband has a twelve month low of $46.46 and a twelve month high of $101.50.

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). The business had revenue of $262.00 million during the quarter, compared to analysts’ expectations of $237.41 million. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. During the same period in the prior year, the business posted $1.10 earnings per share. On average, sell-side analysts forecast that Liberty Broadband will post 6.72 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Liberty Broadband news, insider Renee L. Wilm sold 4,423 shares of Liberty Broadband stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $76.56, for a total transaction of $338,624.88. Following the completion of the sale, the insider now directly owns 3,670 shares in the company, valued at $280,975.20. This trade represents a 54.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Brian J. Wendling sold 2,208 shares of Liberty Broadband 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 sale, the chief accounting officer now owns 11,054 shares of the company’s stock, valued at approximately $838,335.36. This represents a 16.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 10.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Liberty Broadband

Institutional investors have recently made changes to their positions in the stock. Barclays PLC grew its holdings in shares of Liberty Broadband by 6.4% in the third quarter. Barclays PLC now owns 6,899,331 shares of the company’s stock valued at $533,251,000 after purchasing an additional 415,496 shares in the last quarter. Whitebox Advisors LLC grew its holdings in shares of Liberty Broadband by 29.5% in the second quarter. Whitebox Advisors LLC now owns 2,978,107 shares of the company’s stock valued at $163,260,000 after purchasing an additional 677,785 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Liberty Broadband by 107.5% in the third quarter. Assenagon Asset Management S.A. now owns 2,899,318 shares of the company’s stock valued at $224,088,000 after purchasing an additional 1,502,249 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Liberty Broadband by 19.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,062,256 shares of the company’s stock valued at $113,045,000 after purchasing an additional 330,159 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Liberty Broadband by 1.6% in the third quarter. Geode Capital Management LLC now owns 2,014,571 shares of the company’s stock valued at $155,736,000 after purchasing an additional 31,484 shares in the last quarter. 80.22% of the stock is currently owned by institutional investors and hedge funds.

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.