Liberty Broadband (NASDAQ:LBRDK) Sets New 1-Year Low – Here’s What Happened

by · The Markets Daily

Liberty Broadband Corporation (NASDAQ:LBRDKGet Free Report)’s share price hit a new 52-week low during trading on Wednesday . The company traded as low as $42.41 and last traded at $42.56, with a volume of 2259265 shares changing hands. The stock had previously closed at $45.10.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on LBRDK shares. Wall Street Zen cut Liberty Broadband from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Weiss Ratings reiterated a “sell (d)” rating on shares of Liberty Broadband in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Liberty Broadband presently has a consensus rating of “Sell”.

Read Our Latest Stock Analysis on Liberty Broadband

Liberty Broadband Stock Up 6.9%

The firm has a market capitalization of $6.84 billion, a P/E ratio of 8.60 and a beta of 0.99. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.24 and a quick ratio of 0.24. The stock has a fifty day moving average of $46.96 and a 200 day moving average of $56.50.

Liberty Broadband (NASDAQ:LBRDKGet Free Report) last released its earnings results on Wednesday, November 5th. The company reported $1.77 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.57. Liberty Broadband had a return on equity of 12.23% and a net margin of 105.04%.The company had revenue of $257.00 million for the quarter, compared to analysts’ expectations of $267.70 million. On average, research analysts anticipate that Liberty Broadband Corporation will post 7.71 EPS for the current fiscal year.

Insider Activity

In related news, Director J David Wargo sold 2,889 shares of Liberty Broadband stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $47.10, for a total value of $136,071.90. Following the sale, the director owned 31,542 shares of the company’s stock, valued at approximately $1,485,628.20. The trade was a 8.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 10.80% of the stock is currently owned by insiders.

Institutional Trading of Liberty Broadband

A number of large investors have recently bought and sold shares of LBRDK. GAMMA Investing LLC boosted its position in shares of Liberty Broadband by 39.2% during the 2nd quarter. GAMMA Investing LLC now owns 589 shares of the company’s stock valued at $58,000 after acquiring an additional 166 shares during the last quarter. Integrated Wealth Concepts LLC raised its position in Liberty Broadband by 4.4% during the first quarter. Integrated Wealth Concepts LLC now owns 4,092 shares of the company’s stock valued at $348,000 after purchasing an additional 174 shares during the period. Resonant Capital Advisors LLC lifted its stake in shares of Liberty Broadband by 4.4% in the 2nd quarter. Resonant Capital Advisors LLC now owns 4,382 shares of the company’s stock valued at $431,000 after purchasing an additional 185 shares during the last quarter. Mariner LLC lifted its position in Liberty Broadband by 3.4% in the third quarter. Mariner LLC now owns 6,958 shares of the company’s stock worth $442,000 after buying an additional 226 shares during the last quarter. Finally, Captrust Financial Advisors boosted its stake in Liberty Broadband by 4.6% during the second quarter. Captrust Financial Advisors now owns 5,376 shares of the company’s stock worth $529,000 after buying an additional 237 shares during the period. 80.22% of the stock is owned by hedge funds and other institutional investors.

Liberty Broadband Company Profile

(Get Free Report)

Liberty Broadband Corporation is a publicly traded holding company that principally invests in broadband and cable businesses. Established in 2014 as a spin-off from Liberty Interactive Corporation, the company was designed to provide investors with targeted exposure to high-growth broadband assets. Headquartered in Englewood, Colorado, Liberty Broadband uses a tracking-stock structure to reflect the performance of its key investments rather than operating a stand-alone service business.

The company’s primary asset is its substantial equity interest in Charter Communications, one of the largest cable and broadband providers in the United States.

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