Liberty Broadband (NASDAQ:LBRDK) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Liberty Broadband (NASDAQ:LBRDK) in a research note published on Wednesday morning. The firm issued a sell rating on the stock.

A number of other brokerages have also recently issued reports on LBRDK. Rosenblatt Securities upped their price target on shares of Liberty Broadband from $80.00 to $91.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Morgan Stanley upped their target price on shares of Liberty Broadband from $62.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Friday, July 19th.

Liberty Broadband Stock Performance

Shares of LBRDK opened at $92.69 on Wednesday. Liberty Broadband has a one year low of $46.46 and a one year high of $101.50. The company has a 50-day simple moving average of $77.37 and a two-hundred day simple moving average of $63.68. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07. The firm has a market capitalization of $13.24 billion, a PE ratio of 17.07 and a beta of 1.02.

Liberty Broadband (NASDAQ:LBRDK) last announced its earnings results on Thursday, November 7th. The company reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $2.68 by ($1.69). The business had revenue of $262.00 million for the quarter, compared to the consensus estimate of $237.41 million. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. During the same quarter last year, the firm posted $1.10 EPS. On average, analysts anticipate that Liberty Broadband will post 6.72 EPS for the current fiscal year.

Insider Activity at Liberty Broadband

In related news, insider Renee L. Wilm sold 4,423 shares of the business’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 completion of the transaction, the insider now directly owns 3,670 shares in the company, valued at approximately $280,975.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CAO Brian J. Wendling sold 2,208 shares of the stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $75.84, for a total transaction of $167,454.72. Following the completion of the sale, the chief accounting officer now owns 11,054 shares in the company, valued at approximately $838,335.36. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 value of $338,624.88. Following the sale, the insider now directly owns 3,670 shares in the company, valued at $280,975.20. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 10.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in LBRDK. Hi Line Capital Management LLC grew its holdings in shares of Liberty Broadband by 498.4% in the third quarter. Hi Line Capital Management LLC now owns 141,056 shares of the company’s stock valued at $10,902,000 after purchasing an additional 117,483 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its position in Liberty Broadband by 19.1% during the first quarter. State Board of Administration of Florida Retirement System now owns 146,721 shares of the company’s stock valued at $8,397,000 after purchasing an additional 23,489 shares during the last quarter. Bank of Montreal Can grew its stake in shares of Liberty Broadband by 172.6% in the 2nd quarter. Bank of Montreal Can now owns 258,212 shares of the company’s stock worth $14,173,000 after buying an additional 163,502 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in shares of Liberty Broadband during the 3rd quarter valued at about $861,000. Finally, Commonwealth Equity Services LLC bought a new position in shares of Liberty Broadband in the 2nd quarter valued at about $602,000. Institutional investors own 80.22% of the company’s stock.

Liberty Broadband Company Profile

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.