Liberty Broadband (NASDAQ:LBRDK) Earns Sell Rating from Analysts at StockNews.com

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

Liberty Broadband Stock Down 1.3 %

Shares of NASDAQ:LBRDK opened at $77.36 on Tuesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07. The stock has a market cap of $11.08 billion, a P/E ratio of 14.25 and a beta of 1.03. Liberty Broadband has a 1-year low of $46.46 and a 1-year high of $101.50. The firm has a fifty day moving average price of $81.35 and a 200 day moving average price of $81.42.

Liberty Broadband (NASDAQ:LBRDK) last issued 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). Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The company had revenue of $253.00 million during the quarter, compared to analyst estimates of $252.50 million. Sell-side analysts predict that Liberty Broadband will post 7.71 EPS for the current year.

Hedge Funds Weigh In On Liberty Broadband

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Highland Capital Management LLC purchased a new position in shares of Liberty Broadband in the 1st quarter valued at about $1,163,000. Balefire LLC grew its position in Liberty Broadband by 1.6% during the first quarter. Balefire LLC now owns 14,340 shares of the company’s stock worth $1,220,000 after buying an additional 227 shares during the period. Hi Line Capital Management LLC increased its holdings in Liberty Broadband by 17.9% in the first quarter. Hi Line Capital Management LLC now owns 165,319 shares of the company’s stock valued at $14,060,000 after buying an additional 25,132 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its position in shares of Liberty Broadband by 5.7% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 42,187 shares of the company’s stock valued at $3,588,000 after acquiring an additional 2,286 shares during the period. Finally, Continuum Advisory LLC purchased a new stake in shares of Liberty Broadband during the 1st quarter worth approximately $58,000. Institutional investors and hedge funds 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.