Liberty Broadband (NASDAQ:LBRDA) Shares Gap Up – Time to Buy?

Shares of Liberty Broadband Co. (NASDAQ:LBRDA) gapped up prior to trading on Friday . The stock had previously closed at $73.96, but opened at $78.10. Liberty Broadband shares last traded at $77.98, with a volume of 25,006 shares.

Wall Street Analyst Weigh In

A number of research firms have issued reports on LBRDA. Rosenblatt Securities lowered shares of Liberty Broadband from a “buy” rating to a “neutral” rating and increased their target price for the stock from $91.00 to $92.00 in a report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $95.00 target price (up from $90.00) on shares of Liberty Broadband in a report on Friday, November 15th.

Liberty Broadband Price Performance

The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. The stock’s 50-day moving average is $78.70 and its 200 day moving average is $73.67. The stock has a market capitalization of $10.99 billion, a PE ratio of 14.11 and a beta of 1.06.

Liberty Broadband (NASDAQ:LBRDA) last posted its earnings results on Thursday, November 7th. The company reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.66). The company had revenue of $262.00 million during the quarter, compared to analysts’ expectations of $242.40 million. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. During the same period last year, the business earned $1.10 earnings per share.

Insiders Place Their Bets

In other Liberty Broadband news, CEO Gregory B. Maffei sold 125,000 shares of the firm’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $79.74, for a total transaction of $9,967,500.00. Following the transaction, the chief executive officer now directly owns 1,435,256 shares of the company’s stock, valued at approximately $114,447,313.44. This trade represents a 8.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In the last three months, insiders have sold 196,542 shares of company stock valued at $15,834,108. Insiders own 14.19% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Signaturefd LLC lifted its stake in shares of Liberty Broadband by 9.1% in the 3rd quarter. Signaturefd LLC now owns 2,119 shares of the company’s stock worth $163,000 after acquiring an additional 177 shares during the period. Franklin Resources Inc. acquired a new stake in shares of Liberty Broadband in the 3rd quarter worth $30,000. GAMMA Investing LLC lifted its stake in shares of Liberty Broadband by 161.8% in the 3rd quarter. GAMMA Investing LLC now owns 631 shares of the company’s stock worth $48,000 after acquiring an additional 390 shares during the period. American National Bank & Trust acquired a new stake in shares of Liberty Broadband in the 3rd quarter worth $32,000. Finally, Glenmede Trust Co. NA lifted its stake in shares of Liberty Broadband by 116.6% in the 3rd quarter. Glenmede Trust Co. NA now owns 990 shares of the company’s stock worth $76,000 after acquiring an additional 533 shares during the period. 10.29% of the stock is owned by hedge funds and other institutional investors.

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. Its Charter segment offers subscription-based Internet and video services, and mobile and voice services; and state-of-the-art residential and business services, which includes Spectrum Internet, TV, mobile and voice for small and medium-sized companies; Spectrum Business provides a suite of broadband products and services for businesses and government application; Spectrum Enterprise offers customized fiber-based solutions; Spectrum Reach provides advertising and production for the modern media landscape.