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

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

Liberty Broadband Stock Down 3.2 %

Shares of LBRDK opened at $73.65 on Friday. Liberty Broadband has a 52 week low of $46.46 and a 52 week high of $101.50. The firm has a market capitalization of $10.55 billion, a P/E ratio of 13.56 and a beta of 1.03. The company has a 50-day simple moving average of $81.46 and a 200-day simple moving average of $81.32. 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 (NASDAQ:LBRDK) last announced its quarterly earnings data on Thursday, February 27th. The company reported $2.04 EPS for the quarter, missing analysts’ consensus estimates of $3.67 by ($1.63). The firm had revenue of $253.00 million during 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%. On average, equities research analysts expect that Liberty Broadband will post 7.71 earnings per share for the current year.

Institutional Trading of Liberty Broadband

Institutional investors have recently made changes to their positions in the business. Deutsche Bank AG lifted its stake in 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 purchasing an additional 1,703,637 shares during the period. Madison Investment Advisors LLC bought a new position in shares of Liberty Broadband during the 4th quarter worth approximately $122,714,000. Norges Bank acquired a new stake in Liberty Broadband in the 4th quarter valued at $100,845,000. Adage Capital Partners GP L.L.C. grew its position in Liberty Broadband by 425.3% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 1,231,136 shares of the company’s stock valued at $92,040,000 after acquiring an additional 996,764 shares during the period. Finally, Pentwater Capital Management LP raised its stake in 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 acquiring an additional 908,000 shares in the last quarter. 80.22% of the stock is currently owned by institutional investors and hedge funds.

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.