Liberty Broadband (NASDAQ:LBRDA) Shares Up 3.5% – Time to Buy?

Shares of Liberty Broadband Co. (NASDAQ:LBRDA) traded up 3.5% during mid-day trading on Tuesday . The company traded as high as $80.87 and last traded at $79.71. 24,980 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 146,567 shares. The stock had previously closed at $77.02.

Analyst Upgrades and Downgrades

LBRDA has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Liberty Broadband from $104.00 to $90.00 and set a “buy” rating for the company in a report on Friday, August 16th. Evercore ISI dropped their price objective on Liberty Broadband from $106.00 to $72.00 and set an “outperform” rating for the company in a report on Tuesday, July 2nd. Finally, Citigroup lowered Liberty Broadband from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $67.00 to $57.00 in a research report on Wednesday, July 3rd.

Liberty Broadband Price Performance

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 business’s 50 day moving average price is $68.28 and its two-hundred day moving average price is $59.08. The stock has a market cap of $11.52 billion, a P/E ratio of 13.69 and a beta of 1.06.

Liberty Broadband (NASDAQ:LBRDA) last posted its quarterly earnings data on Thursday, August 8th. The company reported $1.36 earnings per share for the quarter, missing the consensus estimate of $3.12 by ($1.76). Liberty Broadband had a net margin of 81.86% and a return on equity of 8.79%. The firm had revenue of $246.00 million for the quarter. During the same quarter last year, the firm posted $1.71 earnings per share.

Insider Buying and Selling

In related news, CAO Brian J. Wendling sold 2,208 shares of the stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $75.84, for a total value of $167,454.72. Following the completion of the transaction, the chief accounting officer now directly owns 11,054 shares in the company, valued at $838,335.36. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CAO Brian J. Wendling sold 2,208 shares of the business’s stock in a transaction that occurred 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 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Renee L. Wilm sold 4,423 shares of the company’s stock in a transaction that occurred on Wednesday, September 25th. The stock was 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 owns 3,670 shares in the company, valued at $280,975.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 14.19% of the stock is owned by insiders.

Hedge Funds Weigh In On Liberty Broadband

Large investors have recently modified their holdings of the stock. Signaturefd LLC increased its position in shares of Liberty Broadband by 9.1% during the third quarter. Signaturefd LLC now owns 2,119 shares of the company’s stock valued at $163,000 after acquiring an additional 177 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in Liberty Broadband during the 3rd quarter valued at $203,000. Creative Planning increased its holdings in shares of Liberty Broadband by 48.5% in the 3rd quarter. Creative Planning now owns 15,884 shares of the company’s stock worth $1,220,000 after purchasing an additional 5,186 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Liberty Broadband by 161.8% in the 3rd quarter. GAMMA Investing LLC now owns 631 shares of the company’s stock worth $48,000 after purchasing an additional 390 shares in the last quarter. Finally, Handelsbanken Fonder AB purchased a new position in shares of Liberty Broadband in the third quarter worth $238,000. Hedge funds and other institutional investors own 10.29% 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.