Liberty Broadband (NASDAQ:LBRDK) Earns Sell Rating from Analysts at StockNews.com

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

Liberty Broadband Trading Down 0.3 %

NASDAQ:LBRDK opened at $87.13 on Wednesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. Liberty Broadband has a one year low of $46.46 and a one year high of $101.50. The business’s 50-day simple moving average is $78.88 and its 200 day simple moving average is $77.85. The stock has a market cap of $12.45 billion, a price-to-earnings ratio of 16.05 and a beta of 1.04.

Liberty Broadband (NASDAQ:LBRDK) last released its quarterly earnings results on Thursday, February 27th. The company reported $2.04 EPS for the quarter, missing the consensus estimate of $3.67 by ($1.63). The business had revenue of $253.00 million during the quarter, compared to analyst estimates of $252.50 million. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. As a group, sell-side analysts predict that Liberty Broadband will post 7.71 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Gregory B. Maffei sold 71,500 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $82.00, for a total transaction of $5,863,000.00. Following the completion of the transaction, the chief executive officer now directly owns 2,827,013 shares of the company’s stock, valued at approximately $231,815,066. This represents a 2.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 10.80% of the company’s stock.

Hedge Funds Weigh In On Liberty Broadband

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company grew its holdings in Liberty Broadband by 0.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 27,186 shares of the company’s stock worth $2,101,000 after buying an additional 125 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in Liberty Broadband by 0.5% in the 4th quarter. Ameriprise Financial Inc. now owns 27,909 shares of the company’s stock worth $2,086,000 after buying an additional 131 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in Liberty Broadband by 61.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 406 shares of the company’s stock worth $30,000 after buying an additional 154 shares in the last quarter. Northeast Financial Consultants Inc lifted its position in Liberty Broadband by 6.3% in the fourth quarter. Northeast Financial Consultants Inc now owns 2,989 shares of the company’s stock worth $223,000 after purchasing an additional 177 shares during the period. Finally, CIBC Asset Management Inc lifted its position in Liberty Broadband by 5.6% in the fourth quarter. CIBC Asset Management Inc now owns 3,757 shares of the company’s stock worth $281,000 after purchasing an additional 199 shares during the period. 80.22% of the stock is owned by institutional investors.

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.