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

Research analysts at StockNews.com assumed coverage on shares of Liberty Broadband (NASDAQ:LBRDK) in a note issued to investors on Saturday. The firm set a “sell” rating on the stock.

Liberty Broadband Stock Down 3.4 %

NASDAQ LBRDK opened at $85.13 on Friday. The business’s 50-day moving average is $81.25 and its 200 day moving average is $80.39. The stock has a market capitalization of $12.20 billion, a PE ratio of 15.68 and a beta of 1.06. 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 has a 1 year low of $46.46 and a 1 year high of $101.50.

Liberty Broadband (NASDAQ:LBRDK) last announced its earnings results on Thursday, February 27th. The company reported $2.04 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 net margin of 78.07% and a return on equity of 8.45%. Sell-side analysts forecast that Liberty Broadband will post 7.71 earnings per share for the current year.

Institutional Trading of Liberty Broadband

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

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.