Liberty Broadband (NASDAQ:LBRDK) Coverage Initiated at StockNews.com

StockNews.com assumed coverage on shares of Liberty Broadband (NASDAQ:LBRDK) in a report issued on Thursday morning. The firm issued a sell rating on the stock.

Liberty Broadband Stock Performance

NASDAQ:LBRDK opened at $81.38 on Thursday. The stock has a market cap of $11.66 billion, a P/E ratio of 14.99 and a beta of 1.06. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40. The stock’s 50-day moving average is $79.45 and its 200-day moving average is $78.63. Liberty Broadband has a 1-year low of $46.46 and a 1-year high of $101.50.

Liberty Broadband (NASDAQ:LBRDK) last released its quarterly earnings results on Thursday, February 27th. The company reported $2.04 earnings per share for the quarter, missing the consensus estimate of $3.67 by ($1.63). Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. The firm had revenue of $253.00 million for the quarter, compared to the consensus estimate of $252.50 million. Equities research analysts anticipate that Liberty Broadband will post 7.71 earnings per share for the current year.

Insider Activity at Liberty Broadband

In other Liberty Broadband news, CEO Gregory B. Maffei sold 71,500 shares of the business’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 transaction, the chief executive officer now directly owns 2,827,013 shares of the company’s stock, valued at approximately $231,815,066. The trade was a 2.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 10.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Liberty Broadband

Several institutional investors have recently added to or reduced their stakes in LBRDK. Deutsche Bank AG lifted its stake in 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 buying an additional 1,703,637 shares during the period. Madison Investment Advisors LLC acquired a new position in Liberty Broadband in the fourth quarter valued at approximately $122,714,000. Norges Bank acquired a new position in Liberty Broadband in the fourth quarter valued at approximately $100,845,000. Adage Capital Partners GP L.L.C. raised its position in shares of Liberty Broadband by 425.3% during the fourth 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 period. Finally, Pentwater Capital Management LP raised its position in shares of Liberty Broadband by 454.0% during the fourth quarter. Pentwater Capital Management LP now owns 1,108,000 shares of the company’s stock worth $82,834,000 after purchasing an additional 908,000 shares during the period. 80.22% of the stock is 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.