Liberty Broadband (NASDAQ:LBRDA) Issues Earnings Results

Liberty Broadband (NASDAQ:LBRDA) released its quarterly earnings results on Thursday. The company reported $2.04 EPS for the quarter, topping analysts’ consensus estimates of $1.73 by $0.31, Zacks reports. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%.

Liberty Broadband Price Performance

Shares of Liberty Broadband stock traded up $1.09 during trading hours on Thursday, hitting $79.84. The company’s stock had a trading volume of 58,782 shares, compared to its average volume of 101,687. Liberty Broadband has a 12-month low of $47.17 and a 12-month high of $100.44. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. The company has a market cap of $11.41 billion, a PE ratio of 14.71 and a beta of 1.07. The business has a 50 day moving average price of $77.11 and a two-hundred day moving average price of $76.14.

Insider Activity at Liberty Broadband

In other news, CEO Gregory B. Maffei sold 71,500 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $82.00, for a total transaction of $5,863,000.00. Following the completion of the sale, the chief executive officer now directly owns 2,827,013 shares of the company’s stock, valued at approximately $231,815,066. The trade was a 2.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 14.19% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

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. 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.