Liberty Broadband (NASDAQ:LBRDA) Sees Strong Trading Volume – Should You Buy?

Liberty Broadband Co. (NASDAQ:LBRDA) shares saw an uptick in trading volume on Wednesday . 416,847 shares changed hands during trading, an increase of 176% from the previous session’s volume of 150,786 shares.The stock last traded at $84.81 and had previously closed at $84.81.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on LBRDA shares. Rosenblatt Securities cut Liberty Broadband from a “buy” rating to a “neutral” rating and increased their price target for the company from $91.00 to $92.00 in a research note on Thursday, November 14th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $95.00 price objective (up from $90.00) on shares of Liberty Broadband in a research report on Friday, November 15th.

Liberty Broadband Price Performance

The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40. The company has a 50 day moving average of $81.51 and a 200-day moving average of $65.47. The firm has a market capitalization of $11.99 billion, a P/E ratio of 15.62 and a beta of 1.04.

Liberty Broadband (NASDAQ:LBRDA) last announced its earnings results on Thursday, November 7th. The company reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.66). Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The business had revenue of $262.00 million during the quarter, compared to the consensus estimate of $242.40 million. During the same period in the previous year, the firm posted $1.10 EPS.

Insider Buying and Selling

In other news, CAO Brian J. Wendling sold 2,208 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $75.84, for a total value of $167,454.72. Following the sale, the chief accounting officer now directly owns 11,054 shares in the company, valued at approximately $838,335.36. This trade represents a 16.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Renee L. Wilm sold 4,423 shares of the company’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $76.56, for a total transaction of $338,624.88. Following the transaction, the insider now owns 3,670 shares of the company’s stock, valued at approximately $280,975.20. This represents a 54.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,673 shares of company stock worth $509,688. Company insiders own 14.19% of the company’s stock.

Institutional Trading of Liberty Broadband

A number of hedge funds and other institutional investors have recently modified their holdings of LBRDA. Franklin Resources Inc. acquired a new position in shares of Liberty Broadband during the third quarter worth $30,000. American National Bank & Trust bought a new position in Liberty Broadband during the third quarter worth $32,000. GAMMA Investing LLC raised its position in shares of Liberty Broadband by 161.8% in the 3rd quarter. GAMMA Investing LLC now owns 631 shares of the company’s stock worth $48,000 after acquiring an additional 390 shares in the last quarter. Paloma Partners Management Co bought a new stake in shares of Liberty Broadband during the 3rd quarter valued at about $54,000. Finally, CWM LLC grew its stake in Liberty Broadband by 112.6% during the second quarter. CWM LLC now owns 1,352 shares of the company’s stock worth $74,000 after purchasing an additional 716 shares during the period. Institutional investors own 10.29% of the company’s stock.

About Liberty Broadband

Liberty Broadband Corporation engages in the communications businesses. The company’s GCI Holdings segment provides data, wireless, video, voice, and managed services to residential customers, businesses, governmental entities, educational, and medical institutions in Alaska under the GCI brand. Its Charter segment offers subscription-based Internet and video services, and mobile and voice services; and state-of-the-art residential and business services, which includes Spectrum Internet, TV, mobile and voice for small and medium-sized companies; Spectrum Business provides a suite of broadband products and services for businesses and government application; Spectrum Enterprise offers customized fiber-based solutions; Spectrum Reach provides advertising and production for the modern media landscape.