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

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

Liberty Broadband Trading Up 2.2 %

NASDAQ LBRDK opened at $81.21 on Tuesday. The firm has a market capitalization of $11.60 billion, a price-to-earnings ratio of 14.96 and a beta of 1.04. 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 one year low of $46.46 and a one year high of $101.50. The company’s 50 day moving average price is $77.85 and its 200 day moving average price is $76.91.

Liberty Broadband (NASDAQ:LBRDK) last issued 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). Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. On average, sell-side analysts predict that Liberty Broadband will post 7.71 EPS for the current year.

Insider Activity

In other Liberty Broadband news, CEO Gregory B. Maffei sold 125,000 shares of the business’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 owns 1,435,256 shares in the company, valued at $114,447,313.44. The trade was a 8.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 10.80% of the company’s stock.

Institutional Trading of Liberty Broadband

Several large investors have recently modified their holdings of LBRDK. Deutsche Bank AG grew its position in shares of Liberty Broadband by 125.6% during the fourth quarter. Deutsche Bank AG now owns 3,060,143 shares of the company’s stock worth $228,776,000 after buying an additional 1,703,637 shares in the last quarter. Madison Investment Advisors LLC acquired a new position in Liberty Broadband during the 4th quarter worth $122,714,000. Norges Bank bought a new stake in shares of Liberty Broadband in the 4th quarter worth about $100,845,000. Adage Capital Partners GP L.L.C. increased its position in shares of Liberty Broadband by 425.3% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 1,231,136 shares of the company’s stock worth $92,040,000 after purchasing an additional 996,764 shares during the last quarter. Finally, Pentwater Capital Management LP raised its stake in shares of Liberty Broadband by 454.0% in the 4th quarter. Pentwater Capital Management LP now owns 1,108,000 shares of the company’s stock valued at $82,834,000 after purchasing an additional 908,000 shares in the last quarter. 80.22% of the stock is currently 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.