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

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

Liberty Broadband Stock Down 0.1 %

LBRDK stock opened at $85.05 on Friday. The stock has a market capitalization of $12.19 billion, a PE ratio of 15.66 and a beta of 1.06. Liberty Broadband has a 52 week low of $46.46 and a 52 week 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. The firm has a 50 day moving average of $81.42 and a 200 day moving average of $80.56.

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

Hedge Funds Weigh In On Liberty Broadband

A number of institutional investors have recently bought and sold shares of LBRDK. Groupama Asset Managment purchased a new stake in shares of Liberty Broadband in the third quarter worth about $25,000. Quarry LP acquired a new position in Liberty Broadband in the third quarter valued at approximately $28,000. Smartleaf Asset Management LLC boosted its position in Liberty Broadband by 61.1% in the 4th 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. Blue Trust Inc. grew its stake in shares of Liberty Broadband by 134.3% during the 4th quarter. Blue Trust Inc. now owns 464 shares of the company’s stock worth $36,000 after purchasing an additional 266 shares during the period. Finally, Lee Danner & Bass Inc. purchased a new position in shares of Liberty Broadband during the 4th quarter valued at approximately $36,000. 80.22% of the stock is owned by hedge funds and other institutional investors.

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.