StockNews.com Initiates Coverage on Liberty Broadband (NASDAQ:LBRDK)

StockNews.com initiated coverage on shares of Liberty Broadband (NASDAQ:LBRDK) in a research note published on Thursday morning. The brokerage issued a sell rating on the stock.

Liberty Broadband Trading Down 1.5 %

NASDAQ:LBRDK opened at $79.09 on Thursday. The firm’s fifty day moving average is $79.37 and its 200-day moving average is $78.40. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. Liberty Broadband has a 52 week low of $46.46 and a 52 week high of $101.50. The firm has a market cap of $11.33 billion, a P/E ratio of 14.57 and a beta of 1.06.

Liberty Broadband (NASDAQ:LBRDK) last issued its earnings results on Thursday, February 27th. The company reported $2.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.67 by ($1.63). The company 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%. Equities analysts expect that Liberty Broadband will post 7.71 earnings per share for the current year.

Insider Buying and Selling

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 value 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 10.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in LBRDK. Vanguard Group Inc. raised its holdings in shares of Liberty Broadband by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 11,064,423 shares of the company’s stock valued at $827,176,000 after purchasing an additional 95,599 shares during the last quarter. Barclays PLC raised its holdings in shares of Liberty Broadband by 6.4% in the third quarter. Barclays PLC now owns 6,899,331 shares of the company’s stock valued at $533,251,000 after purchasing an additional 415,496 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Liberty Broadband by 23.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 3,585,407 shares of the company’s stock valued at $268,045,000 after purchasing an additional 686,089 shares during the last quarter. Deutsche Bank AG raised its holdings in shares of Liberty Broadband by 125.6% in the fourth quarter. Deutsche Bank AG now owns 3,060,143 shares of the company’s stock valued at $228,776,000 after purchasing an additional 1,703,637 shares during the last quarter. Finally, Finepoint Capital LP raised its holdings in shares of Liberty Broadband by 1.1% in the fourth quarter. Finepoint Capital LP now owns 2,015,710 shares of the company’s stock valued at $150,694,000 after purchasing an additional 21,200 shares during the last quarter. 80.22% of the stock is owned by 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.