Liberty Broadband (NASDAQ:LBRDK – Get Free Report) announced its quarterly earnings data on Thursday. The company reported $2.04 earnings per share for the quarter, missing analysts’ consensus estimates of $3.67 by ($1.63), Zacks reports. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%.
Liberty Broadband Stock Performance
LBRDK traded up $1.38 during mid-day trading on Thursday, reaching $80.87. 595,888 shares of the company traded hands, compared to its average volume of 804,129. The stock has a market capitalization of $11.55 billion, a P/E ratio of 14.92 and a beta of 1.04. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. The company’s fifty day moving average price is $77.78 and its 200-day moving average price is $76.88. Liberty Broadband has a 52-week low of $46.46 and a 52-week high of $101.50.
Analyst Ratings Changes
Separately, StockNews.com started coverage on shares of Liberty Broadband in a report on Tuesday. They issued a “sell” rating for the company.
Insider Buying and Selling at Liberty Broadband
In other news, CEO Gregory B. Maffei sold 71,500 shares of the company’s 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 $231,815,066. This represents a 2.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 10.80% 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.
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