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

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

Liberty Broadband Price Performance

NASDAQ LBRDK opened at $92.97 on Thursday. The firm’s 50 day moving average is $83.28 and its 200-day moving average is $82.26. The company has a market capitalization of $13.32 billion, a PE ratio of 17.12 and a beta of 1.02. Liberty Broadband has a 12-month low of $49.38 and a 12-month high of $101.50. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40.

Liberty Broadband (NASDAQ:LBRDK) last released 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 for the quarter. Equities research analysts anticipate that Liberty Broadband will post 7.71 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Liberty Broadband

Several institutional investors and hedge funds have recently made changes to their positions in LBRDK. Resonant Capital Advisors LLC lifted its holdings in Liberty Broadband by 3.1% in the first quarter. Resonant Capital Advisors LLC now owns 4,197 shares of the company’s stock valued at $357,000 after buying an additional 126 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Liberty Broadband by 0.5% during the 4th quarter. Ameriprise Financial Inc. now owns 27,909 shares of the company’s stock valued at $2,086,000 after purchasing an additional 131 shares in the last quarter. CWM LLC grew its stake in Liberty Broadband by 6.4% during the first quarter. CWM LLC now owns 2,309 shares of the company’s stock worth $196,000 after purchasing an additional 138 shares during the period. Smartleaf Asset Management LLC increased its holdings in Liberty Broadband by 61.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 406 shares of the company’s stock worth $30,000 after purchasing an additional 154 shares in the last quarter. Finally, Northeast Financial Consultants Inc lifted its stake in Liberty Broadband by 6.3% in the fourth quarter. Northeast Financial Consultants Inc now owns 2,989 shares of the company’s stock valued at $223,000 after buying an additional 177 shares during the period. Institutional investors and hedge funds own 80.22% of the company’s stock.

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.