Short Interest in Liberty Broadband Co. (NASDAQ:LBRDK) Grows By 7.9%

Liberty Broadband Co. (NASDAQ:LBRDK) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 5,040,000 shares, an increase of 7.9% from the August 15th total of 4,670,000 shares. Currently, 4.5% of the company’s stock are sold short. Based on an average daily trading volume, of 853,100 shares, the days-to-cover ratio is currently 5.9 days.

Institutional Investors Weigh In On Liberty Broadband

Hedge funds and other institutional investors have recently modified their holdings of the stock. Wealthspire Advisors LLC lifted its holdings in shares of Liberty Broadband by 6.7% in the first quarter. Wealthspire Advisors LLC now owns 4,244 shares of the company’s stock valued at $243,000 after buying an additional 268 shares during the period. Wahed Invest LLC grew its stake in shares of Liberty Broadband by 14.2% in the 1st quarter. Wahed Invest LLC now owns 2,266 shares of the company’s stock worth $130,000 after purchasing an additional 281 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of Liberty Broadband by 4.0% in the 1st quarter. Daiwa Securities Group Inc. now owns 7,845 shares of the company’s stock worth $449,000 after purchasing an additional 300 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its stake in Liberty Broadband by 1.9% during the first quarter. DekaBank Deutsche Girozentrale now owns 16,199 shares of the company’s stock valued at $919,000 after purchasing an additional 302 shares during the last quarter. Finally, Mather Group LLC. lifted its stake in Liberty Broadband by 103.7% during the second quarter. Mather Group LLC. now owns 762 shares of the company’s stock valued at $44,000 after purchasing an additional 388 shares during the last quarter. 80.22% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on LBRDK shares. Rosenblatt Securities upped their price target on Liberty Broadband from $80.00 to $91.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Morgan Stanley boosted their target price on shares of Liberty Broadband from $62.00 to $69.00 and gave the company an “equal weight” rating in a research note on Friday, July 19th.

Liberty Broadband Stock Up 1.0 %

NASDAQ:LBRDK opened at $61.80 on Tuesday. Liberty Broadband has a 52 week low of $46.46 and a 52 week high of $95.53. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.39. The stock has a 50 day moving average of $61.11 and a 200-day moving average of $55.91. The firm has a market capitalization of $8.83 billion, a PE ratio of 10.49 and a beta of 1.02.

Liberty Broadband (NASDAQ:LBRDK) last posted its earnings results on Thursday, August 8th. The company reported $1.36 EPS for the quarter, missing the consensus estimate of $2.51 by ($1.15). Liberty Broadband had a net margin of 81.86% and a return on equity of 8.79%. The business had revenue of $246.00 million during the quarter, compared to analyst estimates of $244.25 million. During the same quarter in the prior year, the business earned $1.71 earnings per share. Analysts predict that Liberty Broadband will post 9.05 EPS for the current year.

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.