Liberty Broadband (NASDAQ:LBRDK) Trading Up 14.4% – What’s Next?

Liberty Broadband Corporation (NASDAQ:LBRDK) shares were up 14.4% on Monday . The company traded as high as $39.60 and last traded at $35.8560. Approximately 467,988 shares were traded during mid-day trading, a decline of 71% from the average session volume of 1,619,809 shares. The stock had previously closed at $31.33.

Analyst Ratings Changes

A number of equities analysts recently issued reports on LBRDK shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Liberty Broadband in a research report on Wednesday. Wall Street Zen raised shares of Liberty Broadband from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 2nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Liberty Broadband Stock Up 12.0%

The stock has a 50 day moving average price of $36.40 and a 200 day moving average price of $45.31. The stock has a market capitalization of $5.04 billion, a price-to-earnings ratio of -1.82 and a beta of 0.66. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.27.

Institutional Investors Weigh In On Liberty Broadband

Several hedge funds have recently added to or reduced their stakes in LBRDK. DLD Asset Management LP bought a new position in Liberty Broadband during the 3rd quarter worth $4,636,000. M&T Bank Corp grew its position in shares of Liberty Broadband by 4,476.6% in the 4th quarter. M&T Bank Corp now owns 234,824 shares of the company’s stock valued at $12,421,000 after buying an additional 229,693 shares during the last quarter. Athos Capital Ltd acquired a new stake in shares of Liberty Broadband in the third quarter valued at about $10,746,000. Banyan Capital Management Inc. acquired a new stake in shares of Liberty Broadband in the fourth quarter valued at about $3,366,000. Finally, Hudson Bay Capital Management LP raised its position in shares of Liberty Broadband by 32.0% during the third quarter. Hudson Bay Capital Management LP now owns 165,000 shares of the company’s stock worth $10,484,000 after acquiring an additional 40,000 shares during the last quarter. 80.22% of the stock is currently owned by institutional investors and hedge funds.

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.