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

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

Liberty Broadband Stock Performance

Shares of LBRDK stock opened at $77.10 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07. Liberty Broadband has a one year low of $46.46 and a one year high of $101.50. The business’s 50 day simple moving average is $81.82 and its 200 day simple moving average is $81.18. The stock has a market capitalization of $11.05 billion, a PE ratio of 14.20 and a beta of 1.03.

Liberty Broadband (NASDAQ:LBRDK) last posted its quarterly earnings data 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). The firm had revenue of $253.00 million for the quarter, compared to analyst estimates of $252.50 million. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. As a group, research analysts forecast that Liberty Broadband will post 7.71 earnings per share for the current year.

Hedge Funds Weigh In On Liberty Broadband

Institutional investors have recently added to or reduced their stakes in the business. Barclays PLC grew its stake in shares of Liberty Broadband by 6.4% in the 3rd quarter. Barclays PLC now owns 6,899,331 shares of the company’s stock valued at $533,251,000 after buying an additional 415,496 shares during the period. ABC Arbitrage SA acquired a new position in shares of Liberty Broadband during the fourth quarter worth approximately $563,000. Wolverine Asset Management LLC lifted its holdings in shares of Liberty Broadband by 458.8% in the 4th quarter. Wolverine Asset Management LLC now owns 9,499 shares of the company’s stock worth $710,000 after purchasing an additional 7,799 shares in the last quarter. Everence Capital Management Inc. acquired a new stake in Liberty Broadband in the 4th quarter valued at $229,000. Finally, Investment Management Associates Inc. ADV increased its stake in Liberty Broadband by 2.1% during the 4th quarter. Investment Management Associates Inc. ADV now owns 223,440 shares of the company’s stock valued at $16,704,000 after purchasing an additional 4,640 shares in the last quarter. 80.22% of the stock is 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.