Liberty Broadband (NASDAQ:LBRDK) Reaches New 1-Year Low – Time to Sell?

Shares of Liberty Broadband Corporation (NASDAQ:LBRDK) hit a new 52-week low on Friday . The company traded as low as $44.60 and last traded at $44.2550, with a volume of 259377 shares changing hands. The stock had previously closed at $45.34.

Analyst Upgrades and Downgrades

LBRDK has been the subject of several research analyst reports. Weiss Ratings reissued a “sell (d)” rating on shares of Liberty Broadband in a research report on Monday, December 29th. Wall Street Zen lowered shares of Liberty Broadband from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Liberty Broadband currently has an average rating of “Sell”.

Liberty Broadband Price Performance

The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $6.30 billion, a price-to-earnings ratio of 7.95 and a beta of 0.99. The company has a 50 day moving average price of $47.66 and a 200 day moving average price of $60.31.

Liberty Broadband (NASDAQ:LBRDK) last announced its earnings results on Wednesday, November 5th. The company reported $1.77 EPS for the quarter, topping the consensus estimate of $1.20 by $0.57. The firm had revenue of $257.00 million for the quarter, compared to the consensus estimate of $267.70 million. Liberty Broadband had a net margin of 105.04% and a return on equity of 12.23%. As a group, equities research analysts forecast that Liberty Broadband Corporation will post 7.71 earnings per share for the current year.

Insider Activity at Liberty Broadband

In related news, Director J David Wargo sold 2,889 shares of the business’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $47.10, for a total value of $136,071.90. Following the completion of the sale, the director directly owned 31,542 shares in the company, valued at approximately $1,485,628.20. The trade was a 8.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 10.80% of the company’s stock.

Institutional Trading of Liberty Broadband

Institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC lifted its position in Liberty Broadband by 3.7% during the first quarter. AQR Capital Management LLC now owns 20,132 shares of the company’s stock worth $1,707,000 after purchasing an additional 717 shares during the period. Integrated Wealth Concepts LLC raised its position in Liberty Broadband by 4.4% during the first quarter. Integrated Wealth Concepts LLC now owns 4,092 shares of the company’s stock valued at $348,000 after purchasing an additional 174 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Liberty Broadband by 38.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,773 shares of the company’s stock valued at $2,617,000 after purchasing an additional 8,521 shares in the last quarter. Jones Financial Companies Lllp increased its stake in shares of Liberty Broadband by 503.1% in the 1st quarter. Jones Financial Companies Lllp now owns 2,943 shares of the company’s stock valued at $250,000 after purchasing an additional 2,455 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Liberty Broadband by 94.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 778,238 shares of the company’s stock worth $66,189,000 after buying an additional 377,602 shares during the last quarter. 80.22% of the stock is currently owned by institutional investors.

Liberty Broadband Company Profile

Liberty Broadband Corporation is a publicly traded holding company that principally invests in broadband and cable businesses. Established in 2014 as a spin-off from Liberty Interactive Corporation, the company was designed to provide investors with targeted exposure to high-growth broadband assets. Headquartered in Englewood, Colorado, Liberty Broadband uses a tracking-stock structure to reflect the performance of its key investments rather than operating a stand-alone service business.

The company’s primary asset is its substantial equity interest in Charter Communications, one of the largest cable and broadband providers in the United States.