Liberty Broadband (NASDAQ:LBRDK) Shares Gap Up – Still a Buy?

Liberty Broadband Corporation (NASDAQ:LBRDK)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $44.58, but opened at $47.07. Liberty Broadband shares last traded at $48.1280, with a volume of 450,944 shares traded.

Analysts Set New Price Targets

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

Liberty Broadband Stock Up 11.0%

The company has a market cap of $7.10 billion, a PE ratio of 8.96 and a beta of 0.99. The firm has a 50-day simple moving average of $46.96 and a two-hundred day simple moving average of $56.50. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.24 and a quick ratio of 0.24.

Liberty Broadband (NASDAQ:LBRDK) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $1.77 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.57. The business had revenue of $257.00 million for the quarter, compared to analyst estimates of $267.70 million. Liberty Broadband had a return on equity of 12.23% and a net margin of 105.04%. Research analysts anticipate that Liberty Broadband Corporation will post 7.71 earnings per share for the current fiscal year.

Insider Activity at Liberty Broadband

In other news, Director J David Wargo sold 2,889 shares of Liberty Broadband stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $47.10, for a total transaction of $136,071.90. Following the completion of the sale, the director directly owned 31,542 shares in the company, valued at $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 available through the SEC website. 10.80% of the stock is currently owned by company insiders.

Institutional Trading of Liberty Broadband

A number of hedge funds have recently bought and sold shares of LBRDK. Charles Schwab Investment Management Inc. grew its position in shares of Liberty Broadband by 0.6% in the second quarter. Charles Schwab Investment Management Inc. now owns 1,025,474 shares of the company’s stock valued at $100,886,000 after purchasing an additional 5,763 shares during the period. Bank of Nova Scotia increased its stake in shares of Liberty Broadband by 116.3% during the 2nd quarter. Bank of Nova Scotia now owns 124,611 shares of the company’s stock valued at $12,259,000 after acquiring an additional 67,000 shares during the last quarter. Rothschild & Co Wealth Management UK Ltd increased its stake in shares of Liberty Broadband by 12.2% during the 2nd quarter. Rothschild & Co Wealth Management UK Ltd now owns 934,095 shares of the company’s stock valued at $91,896,000 after acquiring an additional 101,214 shares during the last quarter. Investment Management Associates Inc. ADV lifted its holdings in shares of Liberty Broadband by 3.0% during the 2nd quarter. Investment Management Associates Inc. ADV now owns 232,827 shares of the company’s stock worth $22,906,000 after acquiring an additional 6,754 shares during the period. Finally, Vestor Capital LLC boosted its position in shares of Liberty Broadband by 1,074.6% in the second quarter. Vestor Capital LLC now owns 6,014 shares of the company’s stock worth $592,000 after acquiring an additional 5,502 shares during the last quarter. Institutional investors and hedge funds own 80.22% of the company’s stock.

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.