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

StockNews.com began coverage on shares of Liberty Broadband (NASDAQ:LBRDK) in a research note issued to investors on Friday morning. The firm issued a sell rating on the stock.

Liberty Broadband Stock Up 4.1%

LBRDK opened at $101.29 on Friday. The business’s 50-day simple moving average is $84.41 and its 200-day simple moving average is $82.81. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. Liberty Broadband has a one year low of $49.38 and a one year high of $104.00. The stock has a market capitalization of $14.51 billion, a P/E ratio of 18.65 and a beta of 1.02.

Liberty Broadband (NASDAQ:LBRDK) last posted its earnings results on Wednesday, May 7th. The company reported $1.87 EPS for the quarter. The business had revenue of $256.00 million for the quarter. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. Analysts anticipate that Liberty Broadband will post 7.71 EPS for the current year.

Institutional Investors Weigh In On Liberty Broadband

Institutional investors and hedge funds have recently modified their holdings of the company. SouthState Corp acquired a new stake in shares of Liberty Broadband during the first quarter worth $25,000. Smartleaf Asset Management LLC boosted its holdings in shares of Liberty Broadband by 61.1% during 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 during the last quarter. Blue Trust Inc. boosted its holdings in shares of Liberty Broadband by 134.3% during the fourth quarter. Blue Trust Inc. now owns 464 shares of the company’s stock worth $36,000 after purchasing an additional 266 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings 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 purchasing an additional 283 shares during the last quarter. Finally, Lee Danner & Bass Inc. acquired a new stake in shares of Liberty Broadband during the fourth quarter worth $36,000. 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.