Liberty Broadband (LBRDA) Projected to Post Quarterly Earnings on Thursday

Key Points

• Earnings due May 7: Liberty Broadband is expected to release quarterly results before the market opens on Thursday, May 7, with analysts forecasting earnings of $2.70 per share.
• Analyst sentiment weak: Weiss Ratings reaffirmed a "Sell (d)" on the stock and MarketBeat data shows the company's average analyst rating is Sell.
• Share and financial snapshot: shares opened at $37.04 (52‑week range $36.97–$102.38) with a $5.32 billion market cap and 50/200‑day moving averages near $51; director J. David Wargo sold 2,232 shares in February, reducing his stake by 82.57%, and insiders own 5.70% of the company.

Liberty Broadband (NASDAQ:LBRDA - Get Free Report) is expected to be releasing its results before the market opens on Thursday, May 7th. Analysts expect Liberty Broadband to post earnings of $2.70 per share for the quarter.

Liberty Broadband Price Performance

Shares of NASDAQ LBRDA opened at $37.04 on Thursday. The company's 50-day moving average price is $51.28 and its 200 day moving average price is $50.26. The stock has a market cap of $5.32 billion, a price-to-earnings ratio of -1.98 and a beta of 0.96. Liberty Broadband has a 52 week low of $36.97 and a 52 week high of $102.38. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.14.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a "sell (d)" rating on shares of Liberty Broadband in a research note on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of "Sell".

Insider Activity

In related news, Director J David Wargo sold 2,232 shares of the business's stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $57.61, for a total value of $128,585.52. Following the completion of the sale, the director directly owned 471 shares in the company, valued at approximately $27,134.31. The trade was a 82.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 5.70% of the company's stock.

Hedge Funds Weigh In On Liberty Broadband

A number of hedge funds have recently made changes to their positions in LBRDA. Franklin Resources Inc. grew its stake in shares of Liberty Broadband by 66.2% during the 2nd quarter. Franklin Resources Inc. now owns 615 shares of the company's stock valued at $60,000 after buying an additional 245 shares during the period. Federation des caisses Desjardins du Quebec raised its position in shares of Liberty Broadband by 22.0% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,377 shares of the company's stock worth $66,000 after buying an additional 248 shares during the period. CIBC Private Wealth Group LLC boosted its holdings in Liberty Broadband by 26.4% in the third quarter. CIBC Private Wealth Group LLC now owns 2,621 shares of the company's stock valued at $166,000 after acquiring an additional 547 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in Liberty Broadband by 62.3% in the second quarter. CANADA LIFE ASSURANCE Co now owns 2,245 shares of the company's stock valued at $220,000 after acquiring an additional 862 shares during the last quarter. Finally, Janney Montgomery Scott LLC purchased a new stake in Liberty Broadband during the fourth quarter valued at about $249,000. Institutional investors and hedge funds own 10.29% of the company's stock.

About Liberty Broadband

Liberty Broadband Corporation is a holding company primarily focused on investments in broadband businesses, most notably a significant equity interest in Charter Communications, Inc As a shareholder of Charter's Class A common stock, Liberty Broadband benefits from the growth and operational performance of one of the largest cable and broadband providers in the United States. The company does not operate consumer services directly but instead seeks to enhance shareholder value through its strategic stake and board representation in Charter.

In addition to its Charter position, Liberty Broadband holds an ownership interest in GCI Liberty, Inc, a holding company with interests in an Alaskan telecommunications provider and other media assets.

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