Short Interest in Liberty Broadband Co. (NASDAQ:LBRDA) Increases By 28.4%

Liberty Broadband Co. (NASDAQ:LBRDA) was the target of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 167,600 shares, an increase of 28.4% from the March 31st total of 130,500 shares. Based on an average trading volume of 107,400 shares, the short-interest ratio is presently 1.6 days. Approximately 0.7% of the shares of the stock are sold short.

Shares of NASDAQ LBRDA traded down $1.30 during midday trading on Tuesday, hitting $156.53. The stock had a trading volume of 73,906 shares, compared to its average volume of 103,255. The company has a market capitalization of $30.57 billion, a price-to-earnings ratio of 127.26 and a beta of 1.08. Liberty Broadband has a 1-year low of $116.60 and a 1-year high of $162.26. The company has a quick ratio of 24.63, a current ratio of 24.63 and a debt-to-equity ratio of 0.13. The company has a fifty day moving average price of $149.38 and a 200 day moving average price of $150.20.

Liberty Broadband (NASDAQ:LBRDA) last released its quarterly earnings data on Thursday, February 25th. The company reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.39. The business had revenue of $38.27 million for the quarter. Liberty Broadband had a return on equity of 2.12% and a net margin of 1,375.63%. On average, research analysts forecast that Liberty Broadband will post 7.67 EPS for the current year.

A number of analysts have issued reports on the company. TD Securities raised Liberty Broadband from a “hold” rating to a “buy” rating and set a $185.00 price target on the stock in a research note on Monday, March 1st. Pivotal Research raised their price target on Liberty Broadband from $114.00 to $211.00 in a research note on Tuesday, March 2nd. Zacks Investment Research lowered Liberty Broadband from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 18th. Finally, Evercore ISI began coverage on Liberty Broadband in a research note on Thursday, January 7th. They issued an “outperform” rating on the stock. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $184.25.

In other Liberty Broadband news, CAO Brian J. Wendling purchased 4,000 shares of the firm’s stock in a transaction on Friday, March 12th. The shares were purchased at an average cost of $26.70 per share, with a total value of $106,800.00. Following the purchase, the chief accounting officer now owns 7,500 shares in the company, valued at $200,250. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Brian J. Wendling purchased 7,500 shares of the firm’s stock in a transaction on Wednesday, March 10th. The stock was acquired at an average cost of $27.00 per share, for a total transaction of $202,500.00. Following the completion of the purchase, the chief accounting officer now owns 7,500 shares in the company, valued at approximately $202,500. The disclosure for this purchase can be found here. 6.32% of the stock is owned by company insiders.

Several large investors have recently made changes to their positions in the stock. BlackRock Inc. raised its holdings in shares of Liberty Broadband by 4.3% during the 4th quarter. BlackRock Inc. now owns 1,153,829 shares of the company’s stock valued at $181,819,000 after buying an additional 47,082 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Liberty Broadband by 0.3% during the 4th quarter. Principal Financial Group Inc. now owns 933,110 shares of the company’s stock valued at $147,035,000 after buying an additional 3,179 shares during the period. Norges Bank purchased a new stake in shares of Liberty Broadband during the 4th quarter valued at about $91,892,000. Credit Suisse AG raised its holdings in shares of Liberty Broadband by 80.6% during the 4th quarter. Credit Suisse AG now owns 482,006 shares of the company’s stock valued at $75,954,000 after buying an additional 215,092 shares during the period. Finally, Victory Capital Management Inc. increased its holdings in Liberty Broadband by 6.2% during the 4th quarter. Victory Capital Management Inc. now owns 384,167 shares of the company’s stock worth $60,537,000 after purchasing an additional 22,464 shares during the last quarter. Institutional investors and hedge funds own 12.08% of the company’s stock.

Liberty Broadband Company Profile

Liberty Broadband Corporation, a cable operator, provides video, Internet, and voice services to residential, and small and medium business customers in the United States. The company operates through Skyhook and Charter segments. The Skyhook segment offers Precision Location Solution, a location determination service for mobile device makers, wireless carriers, and asset tracking platforms to understand the precise geographic location and movement of mobile devices, as well as for enhancing the location determination capabilities of a hybrid location system.

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