Liberty Broadband Co. (NASDAQ:LBRDK) Sees Significant Decrease in Short Interest

Liberty Broadband Co. (NASDAQ:LBRDK) saw a significant decline in short interest in the month of February. As of February 15th, there was short interest totalling 2,810,000 shares, a decline of 23.0% from the January 31st total of 3,650,000 shares. Based on an average daily volume of 883,700 shares, the short-interest ratio is presently 3.2 days. Currently, 2.5% of the company’s shares are short sold.

Insider Transactions at Liberty Broadband

In related 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 value of $5,863,000.00. Following the sale, the chief executive officer now directly owns 2,827,013 shares in the company, valued at $231,815,066. This represents a 2.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 10.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Liberty Broadband

A number of large investors have recently bought and sold shares of the stock. Groupama Asset Managment acquired a new stake in Liberty Broadband in the third quarter valued at approximately $25,000. Quarry LP acquired a new stake in Liberty Broadband in the 3rd quarter valued at $28,000. Smartleaf Asset Management LLC increased its stake in Liberty Broadband by 61.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 406 shares of the company’s stock valued at $30,000 after purchasing an additional 154 shares in the last quarter. Blue Trust Inc. raised its holdings in Liberty Broadband by 134.3% during the fourth quarter. Blue Trust Inc. now owns 464 shares of the company’s stock worth $36,000 after buying an additional 266 shares during the last quarter. Finally, Lee Danner & Bass Inc. bought a new position in shares of Liberty Broadband in the fourth quarter valued at $36,000. 80.22% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Liberty Broadband in a research report on Wednesday. They set a “sell” rating for the company.

Liberty Broadband Trading Up 0.4 %

Shares of Liberty Broadband stock traded up $0.36 on Thursday, hitting $86.92. 31,819 shares of the company’s stock traded hands, compared to its average volume of 843,295. The company has a fifty day moving average of $78.44 and a two-hundred day moving average of $77.61. Liberty Broadband has a one year low of $46.46 and a one year high of $101.50. The company has a market capitalization of $12.42 billion, a price-to-earnings ratio of 15.99 and a beta of 1.04. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07.

Liberty Broadband (NASDAQ:LBRDK) last posted its quarterly earnings results on Thursday, February 27th. The company reported $2.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.67 by ($1.63). The business had revenue of $253.00 million for the quarter, compared to the consensus estimate 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 expect that Liberty Broadband will post 7.71 earnings per share for the current year.

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.