Liberty Broadband (NASDAQ:LBRDK) Hits New 52-Week Low – Time to Sell?

Liberty Broadband Corporation (NASDAQ:LBRDK)’s stock price hit a new 52-week low on Thursday . The stock traded as low as $29.58 and last traded at $29.6060, with a volume of 2319259 shares changing hands. The stock had previously closed at $30.87.

Wall Street Analysts Forecast Growth

LBRDK has been the subject of a number of analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of Liberty Broadband in a research note on Friday, March 27th. Wall Street Zen upgraded shares of Liberty Broadband from a “strong sell” rating to a “sell” rating in a report on Saturday, May 2nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Liberty Broadband Stock Down 4.1%

The stock has a market cap of $4.25 billion, a PE ratio of -1.54 and a beta of 0.66. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.09 and a quick ratio of 1.09. The company has a 50 day moving average price of $39.39 and a two-hundred day moving average price of $46.11.

Hedge Funds Weigh In On Liberty Broadband

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Highlander Partners L.P. bought a new stake in shares of Liberty Broadband in the fourth quarter worth approximately $26,000. Western Wealth Management LLC purchased a new stake in Liberty Broadband in the first quarter worth approximately $28,000. eCIO Inc. purchased a new stake in Liberty Broadband in the fourth quarter worth approximately $30,000. Essential Partners LLC grew its position in Liberty Broadband by 153.9% in the 1st quarter. Essential Partners LLC now owns 678 shares of the company’s stock worth $34,000 after purchasing an additional 411 shares during the period. Finally, Johnson Financial Group Inc. bought a new stake in Liberty Broadband in the 3rd quarter worth approximately $42,000. Institutional investors own 80.22% of the company’s stock.

About Liberty Broadband

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.