Liberty Broadband Co. (NASDAQ:LBRDK) Short Interest Down 18.0% in November

Liberty Broadband Co. (NASDAQ:LBRDK) saw a significant decrease in short interest in the month of November. As of November 30th, there was short interest totalling 3,420,000 shares, a decrease of 18.0% from the November 15th total of 4,170,000 shares. Based on an average daily trading volume, of 1,320,000 shares, the short-interest ratio is presently 2.6 days. Currently, 3.0% of the company’s stock are sold short.

Insider Transactions at Liberty Broadband

In related news, insider Renee L. Wilm sold 4,423 shares of the 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 of the company’s stock, valued at approximately $280,975.20. This represents a 54.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Brian J. Wendling sold 2,208 shares of the company’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $75.84, for a total transaction of $167,454.72. Following the sale, the chief accounting officer now directly owns 11,054 shares in the company, valued at $838,335.36. This trade represents a 16.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,673 shares of company stock valued at $509,688 over the last three months. Company insiders own 10.80% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Groupama Asset Managment bought a new stake in Liberty Broadband during the third quarter valued at approximately $25,000. Quarry LP purchased a new position in Liberty Broadband in the third quarter worth $28,000. GAMMA Investing LLC increased its stake in Liberty Broadband by 200.7% in the third quarter. GAMMA Investing LLC now owns 424 shares of the company’s stock valued at $33,000 after acquiring an additional 283 shares during the last quarter. Capital Advisors Ltd. LLC boosted its stake in Liberty Broadband by 75.8% in the third quarter. Capital Advisors Ltd. LLC now owns 443 shares of the company’s stock worth $34,000 after buying an additional 191 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new position in shares of Liberty Broadband during the third quarter valued at approximately $82,000. 80.22% of the stock is owned by institutional investors.

Liberty Broadband Stock Performance

Shares of LBRDK traded down $0.52 during mid-day trading on Monday, hitting $81.86. The stock had a trading volume of 300,856 shares, compared to its average volume of 1,190,635. 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 cap of $11.69 billion, a P/E ratio of 15.17 and a beta of 1.02. Liberty Broadband has a 52 week low of $46.46 and a 52 week high of $101.50. The business has a fifty day moving average price of $85.11 and a 200-day moving average price of $68.89.

Liberty Broadband (NASDAQ:LBRDK) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates of $2.68 by ($1.69). The business had revenue of $262.00 million during the quarter, compared to analysts’ expectations 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 in the prior year, the firm posted $1.10 earnings per share. On average, equities research analysts expect that Liberty Broadband will post 6.72 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Liberty Broadband in a research note on Sunday. They issued a “sell” rating on the stock.

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.