Liberty Broadband (NASDAQ:LBRDA) Shares Down 6.2% – What’s Next?

Liberty Broadband Co. (NASDAQ:LBRDA)’s stock price traded down 6.2% during trading on Monday . The stock traded as low as $80.10 and last traded at $80.12. 161,669 shares traded hands during mid-day trading, a decline of 1% from the average session volume of 162,755 shares. The stock had previously closed at $85.42.

Analysts Set New Price Targets

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

Liberty Broadband Stock Performance

The firm has a fifty day moving average price of $84.20 and a 200 day moving average price of $67.24. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. The stock has a market cap of $11.17 billion, a PE ratio of 15.73 and a beta of 1.05.

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

Insiders Place Their Bets

In related news, CAO Brian J. Wendling sold 2,208 shares of the 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 transaction, the chief accounting officer now owns 11,054 shares in the company, valued at approximately $838,335.36. This represents a 16.65 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Renee L. Wilm sold 4,423 shares of Liberty Broadband stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $76.56, for a total transaction of $338,624.88. Following the sale, the insider now owns 3,670 shares of the company’s stock, valued at approximately $280,975.20. The trade was a 54.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,673 shares of company stock valued at $509,688. Insiders own 14.19% of the company’s stock.

Institutional Investors Weigh In On Liberty Broadband

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Franklin Resources Inc. acquired a new stake in Liberty Broadband during the third quarter valued at $30,000. American National Bank & Trust purchased a new position in shares of Liberty Broadband in the 3rd quarter valued at about $32,000. GAMMA Investing LLC raised its holdings in 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 purchasing an additional 390 shares during the period. Paloma Partners Management Co purchased a new stake in shares of Liberty Broadband in the third quarter valued at approximately $54,000. Finally, CWM LLC raised its stake in shares of Liberty Broadband by 112.6% during the 2nd quarter. CWM LLC now owns 1,352 shares of the company’s stock worth $74,000 after buying an additional 716 shares during the period. 10.29% of the stock is owned by institutional investors and hedge funds.

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.