Liberty Broadband (NASDAQ:LBRDK) Stock Price Up 3.2% – Should You Buy?

Liberty Broadband Co. (NASDAQ:LBRDK)’s stock price rose 3.2% on Wednesday . The company traded as high as $89.03 and last traded at $89.03. Approximately 327,172 shares changed hands during trading, a decline of 67% from the average daily volume of 991,943 shares. The stock had previously closed at $86.31.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Liberty Broadband in a research report on Friday, March 21st. They issued a “sell” rating on the stock.

Liberty Broadband Price Performance

The firm has a market capitalization of $12.73 billion, a price-to-earnings ratio of 16.38 and a beta of 1.06. 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 business has a 50-day moving average price of $80.58 and a two-hundred day moving average price of $79.81.

Liberty Broadband (NASDAQ:LBRDK) last issued its earnings results on Thursday, February 27th. The company reported $2.04 earnings per share for the quarter, missing the consensus estimate of $3.67 by ($1.63). Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. The company had revenue of $253.00 million during the quarter, compared to analyst estimates of $252.50 million. As a group, research analysts forecast that Liberty Broadband Co. will post 7.71 EPS for the current year.

Hedge Funds Weigh In On Liberty Broadband

Several hedge funds and other institutional investors have recently made changes to their positions in LBRDK. Vanguard Group Inc. increased its stake in Liberty Broadband by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 11,064,423 shares of the company’s stock valued at $827,176,000 after buying an additional 95,599 shares during the period. Barclays PLC increased its stake in shares of Liberty Broadband by 6.4% during the third 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. Assenagon Asset Management S.A. raised its holdings in Liberty Broadband by 23.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 3,585,407 shares of the company’s stock worth $268,045,000 after purchasing an additional 686,089 shares in the last quarter. Deutsche Bank AG lifted its position in Liberty Broadband by 125.6% in the fourth quarter. Deutsche Bank AG now owns 3,060,143 shares of the company’s stock worth $228,776,000 after purchasing an additional 1,703,637 shares during the period. Finally, Finepoint Capital LP boosted its stake in Liberty Broadband by 1.1% during the 4th quarter. Finepoint Capital LP now owns 2,015,710 shares of the company’s stock valued at $150,694,000 after purchasing an additional 21,200 shares in the last quarter. 80.22% 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.