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

Equities researchers at StockNews.com assumed coverage on shares of Liberty Broadband (NASDAQ:LBRDK) in a research report issued on Monday. The brokerage set a “sell” rating on the stock.

Liberty Broadband Stock Up 0.0 %

LBRDK stock opened at $81.60 on Monday. The firm has a market capitalization of $11.66 billion, a PE ratio of 15.03 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. Liberty Broadband has a twelve month low of $46.46 and a twelve month high of $101.50. The stock’s 50 day moving average is $77.78 and its 200-day moving average is $76.16.

Insiders Place Their Bets

In related news, CEO Gregory B. Maffei sold 125,000 shares of Liberty Broadband stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $79.74, for a total transaction of $9,967,500.00. Following the sale, the chief executive officer now directly owns 1,435,256 shares in the company, valued at approximately $114,447,313.44. This trade represents a 8.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold 196,542 shares of company stock valued at $15,834,108 in the last three months. 10.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Barclays PLC lifted its stake in 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. Hi Line Capital Management LLC increased its holdings in Liberty Broadband by 498.4% in the 3rd quarter. Hi Line Capital Management LLC now owns 141,056 shares of the company’s stock worth $10,902,000 after acquiring an additional 117,483 shares during the last quarter. Sequoia Financial Advisors LLC bought a new stake in Liberty Broadband in the 3rd quarter valued at about $861,000. Point72 Asset Management L.P. lifted its holdings in Liberty Broadband by 54.8% during the third quarter. Point72 Asset Management L.P. now owns 294,641 shares of the company’s stock valued at $22,773,000 after purchasing an additional 104,272 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its position in Liberty Broadband by 9,029.0% during the third quarter. International Assets Investment Management LLC now owns 12,598 shares of the company’s stock worth $974,000 after purchasing an additional 12,460 shares during the period. Institutional investors own 80.22% of the company’s stock.

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.