Liberty Broadband (NASDAQ:LBRDK) Now Covered by Analysts at StockNews.com

Investment analysts at StockNews.com started coverage on shares of Liberty Broadband (NASDAQ:LBRDK) in a research note issued on Tuesday. The brokerage set a “sell” rating on the stock.

Liberty Broadband Price Performance

Shares of Liberty Broadband stock opened at $82.36 on Tuesday. The business’s fifty day moving average price is $77.74 and its 200 day moving average price is $76.75. Liberty Broadband has a twelve month low of $46.46 and a twelve month high of $101.50. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $11.76 billion, a P/E ratio of 15.17 and a beta of 1.04.

Insider Transactions at Liberty Broadband

In related news, CEO Gregory B. Maffei sold 71,500 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $82.00, for a total value of $5,863,000.00. Following the completion of the sale, the chief executive officer now directly owns 2,827,013 shares in the company, valued at approximately $231,815,066. This represents a 2.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 10.80% of the company’s stock.

Institutional Investors Weigh In On Liberty Broadband

Several institutional investors and hedge funds have recently modified their holdings of LBRDK. Groupama Asset Managment purchased a new position in shares of Liberty Broadband in the third quarter valued at $25,000. Quarry LP acquired a new position in Liberty Broadband in the 3rd quarter worth $28,000. Smartleaf Asset Management LLC boosted 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 buying an additional 154 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Liberty Broadband by 134.3% during the fourth quarter. Blue Trust Inc. now owns 464 shares of the company’s stock valued at $36,000 after acquiring an additional 266 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its position in shares of Liberty Broadband by 138.0% during the fourth quarter. Jones Financial Companies Lllp now owns 488 shares of the company’s stock worth $36,000 after acquiring an additional 283 shares during the last quarter. Hedge funds and other institutional investors own 80.22% of the company’s stock.

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.