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

Equities researchers at StockNews.com assumed coverage on shares of Liberty Broadband (NASDAQ:LBRDK) in a research note issued to investors on Saturday. The firm set a “sell” rating on the stock.

Liberty Broadband Trading Down 3.4 %

Shares of NASDAQ LBRDK opened at $85.13 on Friday. The company has a market cap of $12.20 billion, a price-to-earnings ratio of 15.68 and a beta of 1.06. The stock’s 50 day simple moving average is $81.25 and its 200 day simple moving average is $80.10. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40. Liberty Broadband has a 12-month low of $46.46 and a 12-month high of $101.50.

Liberty Broadband (NASDAQ:LBRDK) last announced its quarterly 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). The firm had revenue of $253.00 million for the quarter, compared to analyst estimates of $252.50 million. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. Equities research analysts expect that Liberty Broadband will post 7.71 EPS for the current year.

Institutional Trading of Liberty Broadband

Several large investors have recently added to or reduced their stakes in LBRDK. Wealth Enhancement Advisory Services LLC grew its stake in shares of Liberty Broadband by 3.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 12,908 shares of the company’s stock worth $965,000 after purchasing an additional 453 shares in the last quarter. Forum Financial Management LP grew its position in Liberty Broadband by 32.4% in the 4th quarter. Forum Financial Management LP now owns 3,678 shares of the company’s stock valued at $275,000 after buying an additional 901 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Liberty Broadband by 16.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 331,555 shares of the company’s stock valued at $24,787,000 after buying an additional 47,667 shares during the period. Voloridge Investment Management LLC bought a new stake in shares of Liberty Broadband during the 4th quarter worth about $4,991,000. Finally, Tidal Investments LLC lifted its stake in shares of Liberty Broadband by 13.5% in the 4th quarter. Tidal Investments LLC now owns 3,182 shares of the company’s stock worth $238,000 after acquiring an additional 379 shares during the period. 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.