StockNews.com Begins Coverage on Liberty Broadband (NASDAQ:LBRDK)

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

Liberty Broadband Stock Performance

Liberty Broadband stock opened at $92.97 on Thursday. The firm has a 50 day simple moving average of $83.28 and a 200-day simple moving average of $82.25. The stock has a market cap of $13.32 billion, a price-to-earnings ratio of 17.12 and a beta of 1.02. 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 1-year low of $49.38 and a 1-year high of $101.50.

Liberty Broadband (NASDAQ:LBRDK) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $1.87 earnings per share for the quarter. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. The company had revenue of $256.00 million during the quarter. On average, analysts expect that Liberty Broadband will post 7.71 EPS for the current year.

Institutional Investors Weigh In On Liberty Broadband

Institutional investors have recently modified their holdings of the company. Smartleaf Asset Management LLC raised its position in Liberty Broadband by 61.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 406 shares of the company’s stock valued at $30,000 after purchasing an additional 154 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of Liberty Broadband by 134.3% in the 4th quarter. Blue Trust Inc. now owns 464 shares of the company’s stock valued at $36,000 after buying an additional 266 shares in the last quarter. Jones Financial Companies Lllp grew its position in shares of Liberty Broadband by 138.0% in the 4th quarter. Jones Financial Companies Lllp now owns 488 shares of the company’s stock valued at $36,000 after buying an additional 283 shares during the last quarter. Lee Danner & Bass Inc. acquired a new stake in shares of Liberty Broadband during the fourth quarter worth about $36,000. Finally, R Squared Ltd purchased a new stake in Liberty Broadband in the fourth quarter valued at approximately $37,000. 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.