Liberty Broadband Co. (NASDAQ:LBRDA) Sees Large Drop in Short Interest

Liberty Broadband Co. (NASDAQ:LBRDA) was the target of a large decline in short interest in March. As of March 31st, there was short interest totalling 148,900 shares, a decline of 6.4% from the March 15th total of 159,100 shares. Based on an average daily volume of 151,400 shares, the short-interest ratio is presently 1.0 days. Approximately 0.9% of the company’s shares are short sold.

Insider Activity

In other Liberty Broadband news, Director J David Wargo sold 9,000 shares of Liberty Broadband stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $56.80, for a total transaction of $511,200.00. Following the sale, the director now directly owns 97,332 shares in the company, valued at approximately $5,528,457.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 45,000 shares of company stock valued at $2,435,830 in the last three months. Corporate insiders own 19.65% of the company’s stock.

Institutional Trading of Liberty Broadband

Several large investors have recently made changes to their positions in the stock. Allianz Asset Management GmbH increased its holdings in Liberty Broadband by 1.6% during the 1st quarter. Allianz Asset Management GmbH now owns 6,922 shares of the company’s stock valued at $907,000 after purchasing an additional 111 shares in the last quarter. Evergreen Capital Management LLC boosted its holdings in shares of Liberty Broadband by 5.8% during the first quarter. Evergreen Capital Management LLC now owns 2,726 shares of the company’s stock worth $357,000 after acquiring an additional 150 shares during the period. Citigroup Inc. boosted its holdings in shares of Liberty Broadband by 14.2% during the third quarter. Citigroup Inc. now owns 1,348 shares of the company’s stock worth $123,000 after acquiring an additional 168 shares during the period. Osaic Holdings Inc. boosted its stake in shares of Liberty Broadband by 3.2% in the second quarter. Osaic Holdings Inc. now owns 5,927 shares of the company’s stock valued at $472,000 after buying an additional 186 shares during the period. Finally, Rhumbline Advisers boosted its stake in shares of Liberty Broadband by 0.8% in the second quarter. Rhumbline Advisers now owns 22,320 shares of the company’s stock valued at $2,534,000 after buying an additional 187 shares during the period. Institutional investors own 10.29% of the company’s stock.

Liberty Broadband Trading Up 0.3 %

Shares of LBRDA stock opened at $48.49 on Thursday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.42 and a current ratio of 2.42. The firm has a market capitalization of $6.93 billion, a PE ratio of 10.38, a price-to-earnings-growth ratio of 0.10 and a beta of 0.98. The stock has a fifty day moving average of $56.70 and a two-hundred day moving average of $72.77. Liberty Broadband has a 1 year low of $47.97 and a 1 year high of $95.61.

Liberty Broadband (NASDAQ:LBRDA) last announced its earnings results on Friday, February 16th. The company reported $1.39 earnings per share (EPS) for the quarter. The company had revenue of $250.00 million for the quarter, compared to analyst estimates of $250.00 million. Liberty Broadband had a return on equity of 7.76% and a net margin of 70.13%. As a group, research analysts expect that Liberty Broadband will post 12.03 EPS for the current year.

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.