Liberty Broadband (NASDAQ:LBRDK) Stock Price Up 3.8% – Should You Buy?

Liberty Broadband Co. (NASDAQ:LBRDK)’s share price was up 3.8% during mid-day trading on Tuesday . The company traded as high as $81.59 and last traded at $80.36. Approximately 166,414 shares were traded during trading, a decline of 86% from the average daily volume of 1,157,459 shares. The stock had previously closed at $77.45.

Wall Street Analyst Weigh In

A number of research firms recently commented on LBRDK. Morgan Stanley upped their price objective on Liberty Broadband from $62.00 to $69.00 and gave the company an “equal weight” rating in a report on Friday, July 19th. Rosenblatt Securities upped their price objective on Liberty Broadband from $80.00 to $91.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th.

Liberty Broadband Trading Up 4.2 %

The firm has a market capitalization of $11.52 billion, a P/E ratio of 13.15 and a beta of 1.03. The firm’s 50-day simple moving average is $68.39 and its 200-day simple moving average is $59.11. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.39.

Liberty Broadband (NASDAQ:LBRDK) last issued its earnings results on Thursday, August 8th. The company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.51 by ($1.15). Liberty Broadband had a return on equity of 8.79% and a net margin of 81.86%. The firm had revenue of $246.00 million during the quarter, compared to the consensus estimate of $244.25 million. During the same quarter in the prior year, the business posted $1.71 EPS. Analysts anticipate that Liberty Broadband Co. will post 8.45 EPS for the current year.

Insider Buying and Selling

In other Liberty Broadband news, insider Renee L. Wilm sold 4,423 shares of the firm’s stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $76.56, for a total transaction of $338,624.88. Following the completion of the sale, the insider now directly owns 3,670 shares in the company, valued at approximately $280,975.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Renee L. Wilm sold 4,423 shares of Liberty Broadband stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $76.56, for a total value of $338,624.88. Following the completion of the sale, the insider now directly owns 3,670 shares in the company, valued at $280,975.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Brian J. Wendling sold 2,208 shares of Liberty Broadband stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $75.84, for a total value of $167,454.72. Following the completion of the sale, the chief accounting officer now directly owns 11,054 shares of the company’s stock, valued at $838,335.36. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 10.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Los Angeles Capital Management LLC bought a new stake in Liberty Broadband during the 1st quarter valued at $329,000. Chemistry Wealth Management LLC lifted its position in shares of Liberty Broadband by 29.3% during the 1st quarter. Chemistry Wealth Management LLC now owns 15,348 shares of the company’s stock valued at $878,000 after buying an additional 3,476 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in Liberty Broadband by 0.6% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 276,900 shares of the company’s stock worth $15,847,000 after acquiring an additional 1,515 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of Liberty Broadband by 317.9% during the first quarter. BNP Paribas Financial Markets now owns 139,552 shares of the company’s stock valued at $7,987,000 after acquiring an additional 106,162 shares during the last quarter. Finally, LB Partners LLC acquired a new stake in shares of Liberty Broadband in the first quarter valued at about $2,862,000. Hedge funds and other institutional investors 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.