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

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

Liberty Broadband Price Performance

Shares of LBRDK opened at $79.00 on Monday. The firm has a market cap of $11.32 billion, a PE ratio of 14.55 and a beta of 1.03. Liberty Broadband has a 52-week low of $46.46 and a 52-week high of $101.50. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. The business’s 50 day moving average price is $81.68 and its two-hundred day moving average price is $81.49.

Liberty Broadband (NASDAQ:LBRDK) last issued its earnings results on Thursday, February 27th. The company reported $2.04 earnings per share (EPS) 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 company had revenue of $253.00 million for the quarter, compared to the consensus estimate of $252.50 million. On average, equities analysts anticipate that Liberty Broadband will post 7.71 EPS for the current year.

Hedge Funds Weigh In On Liberty Broadband

A number of institutional investors have recently modified their holdings of LBRDK. Barclays PLC increased its holdings in Liberty Broadband by 6.4% during the 3rd quarter. Barclays PLC now owns 6,899,331 shares of the company’s stock worth $533,251,000 after purchasing an additional 415,496 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Liberty Broadband by 1.6% during the third quarter. Geode Capital Management LLC now owns 2,014,571 shares of the company’s stock valued at $155,736,000 after buying an additional 31,484 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in Liberty Broadband during the third quarter worth $225,000. Wilmington Savings Fund Society FSB purchased a new stake in Liberty Broadband in the 3rd quarter valued at $8,773,000. Finally, Tidal Investments LLC bought a new position in Liberty Broadband during the 3rd quarter valued at $217,000. 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.