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 research note published on Monday. The brokerage issued a sell rating on the stock.

Liberty Broadband Trading Down 0.3 %

NASDAQ:LBRDK opened at $81.34 on Monday. Liberty Broadband has a twelve month low of $46.46 and a twelve month high of $101.50. The business has a 50 day moving average price of $77.79 and a two-hundred day moving average price of $76.27. The company has a market cap of $11.62 billion, a P/E ratio of 14.98 and a beta of 1.04. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40.

Insider Activity at Liberty Broadband

In related news, CEO Gregory B. Maffei sold 71,500 shares of Liberty Broadband stock in a transaction dated 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 owns 2,827,013 shares in the company, valued at approximately $231,815,066. This trade represents a 2.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 10.80% of the stock is owned by company insiders.

Institutional Trading of Liberty Broadband

A number of hedge funds have recently made changes to their positions in the business. Whittier Trust Co. lifted its holdings in Liberty Broadband by 36.5% during the 3rd quarter. Whittier Trust Co. now owns 8,600 shares of the company’s stock valued at $665,000 after purchasing an additional 2,300 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of Liberty Broadband during the 3rd quarter worth about $861,000. Sprinkle Financial Consultants LLC acquired a new stake in shares of Liberty Broadband during the 3rd quarter worth about $236,000. International Assets Investment Management LLC lifted its stake in shares of Liberty Broadband by 9,029.0% during the 3rd quarter. International Assets Investment Management LLC now owns 12,598 shares of the company’s stock worth $974,000 after buying an additional 12,460 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Liberty Broadband by 107.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 2,899,318 shares of the company’s stock worth $224,088,000 after buying an additional 1,502,249 shares during the last quarter. 80.22% of the stock is owned by institutional investors and hedge funds.

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.