Liberty Broadband Co. (NASDAQ:LBRDK) Sees Significant Decline in Short Interest

Liberty Broadband Co. (NASDAQ:LBRDK) saw a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 2,810,000 shares, a decrease of 23.0% from the January 31st total of 3,650,000 shares. Based on an average daily volume of 883,700 shares, the days-to-cover ratio is currently 3.2 days. Approximately 2.5% of the company’s stock are short sold.

Liberty Broadband Price Performance

LBRDK opened at $84.33 on Tuesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. The stock has a market capitalization of $12.05 billion, a P/E ratio of 15.53 and a beta of 1.04. The company’s 50-day simple moving average is $78.11 and its two-hundred day simple moving average is $77.40. Liberty Broadband has a 52-week low of $46.46 and a 52-week high of $101.50.

Liberty Broadband (NASDAQ:LBRDK) last issued its quarterly earnings data on Thursday, February 27th. The company reported $2.04 earnings per share for the quarter, missing the consensus estimate of $3.67 by ($1.63). Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. The business had revenue of $253.00 million during the quarter, compared to the consensus estimate of $252.50 million. As a group, analysts predict that Liberty Broadband will post 7.71 EPS for the current year.

Insider Activity at Liberty Broadband

In related news, CEO Gregory B. Maffei sold 71,500 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $82.00, for a total transaction of $5,863,000.00. Following the sale, the chief executive officer now directly owns 2,827,013 shares of the company’s stock, valued at approximately $231,815,066. This represents a 2.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 10.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Liberty Broadband

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LBRDK. Vanguard Group Inc. grew its holdings in shares of Liberty Broadband by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 11,064,423 shares of the company’s stock valued at $827,176,000 after purchasing an additional 95,599 shares in the last quarter. Barclays PLC lifted its position in shares of Liberty Broadband by 6.4% during the third quarter. Barclays PLC now owns 6,899,331 shares of the company’s stock worth $533,251,000 after purchasing an additional 415,496 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Liberty Broadband by 23.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 3,585,407 shares of the company’s stock worth $268,045,000 after purchasing an additional 686,089 shares during the last quarter. Deutsche Bank AG lifted its position in shares of Liberty Broadband by 125.6% during the fourth quarter. Deutsche Bank AG now owns 3,060,143 shares of the company’s stock worth $228,776,000 after purchasing an additional 1,703,637 shares during the last quarter. Finally, Finepoint Capital LP raised its holdings in shares of Liberty Broadband by 1.1% in the fourth quarter. Finepoint Capital LP now owns 2,015,710 shares of the company’s stock valued at $150,694,000 after acquiring an additional 21,200 shares in the last quarter. Institutional investors own 80.22% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Liberty Broadband in a research note on Tuesday, February 25th. They set a “sell” rating on the 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.