Liberty Broadband (NASDAQ:LBRDA) Releases Quarterly Earnings Results

Liberty Broadband (NASDAQ:LBRDA) posted its earnings results on Wednesday. The company reported ($22.21) earnings per share (EPS) for the quarter, FiscalAI reports. Liberty Broadband had a net margin of 103.04% and a return on equity of 12.23%.

Liberty Broadband Trading Down 1.7%

NASDAQ:LBRDA traded down $0.88 during mid-day trading on Thursday, reaching $51.36. The company’s stock had a trading volume of 95,050 shares, compared to its average volume of 176,903. Liberty Broadband has a twelve month low of $42.05 and a twelve month high of $102.38. The company’s fifty day simple moving average is $47.09 and its two-hundred day simple moving average is $54.95. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.24 and a quick ratio of 0.24. The stock has a market cap of $7.37 billion, a P/E ratio of 9.32 and a beta of 0.98.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Liberty Broadband in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Liberty Broadband currently has a consensus rating of “Hold” and an average target price of $115.00.

Insider Activity

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 shares were 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 11.59% of the company’s stock.

Institutional Trading of Liberty Broadband

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Liberty Broadband by 5.7% during the fourth quarter. Vanguard Group Inc. now owns 1,679,806 shares of the company’s stock valued at $81,101,000 after buying an additional 91,276 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Liberty Broadband by 2.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 496,391 shares of the company’s stock valued at $31,436,000 after acquiring an additional 11,789 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Liberty Broadband by 31.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 467,550 shares of the company’s stock valued at $45,736,000 after acquiring an additional 111,853 shares in the last quarter. Whitebox Advisors LLC boosted its position in Liberty Broadband by 1.4% during the 2nd quarter. Whitebox Advisors LLC now owns 348,076 shares of the company’s stock worth $34,049,000 after purchasing an additional 4,825 shares during the period. Finally, Squarepoint Ops LLC increased its holdings in Liberty Broadband by 364.1% in the 3rd quarter. Squarepoint Ops LLC now owns 322,751 shares of the company’s stock valued at $20,440,000 after purchasing an additional 253,211 shares in the last quarter. Hedge funds and other institutional investors own 10.29% of the company’s stock.

About Liberty Broadband

Liberty Broadband Corporation is a holding company primarily focused on investments in broadband businesses, most notably a significant equity interest in Charter Communications, Inc As a shareholder of Charter’s Class A common stock, Liberty Broadband benefits from the growth and operational performance of one of the largest cable and broadband providers in the United States. The company does not operate consumer services directly but instead seeks to enhance shareholder value through its strategic stake and board representation in Charter.

In addition to its Charter position, Liberty Broadband holds an ownership interest in GCI Liberty, Inc, a holding company with interests in an Alaskan telecommunications provider and other media assets.