Liberty Broadband (NASDAQ:LBRDA) Hits New 1-Year Low - Time to Sell?

Key Points

• New 52-week low and sharp drop: Liberty Broadband traded as low as $41.41 (last $41.89), down roughly 25.7% from the prior close of $56.41, with the 50‑ and 200‑day moving averages near $52.24 and $50.80.
• Analyst sentiment is bearish: Weiss Ratings reiterated a "sell (d)" and MarketBeat shows an average rating of "Sell."
• Insider activity and fundamentals: Director J. David Wargo sold 2,232 shares (reducing his stake by ~82.6%); insiders own 5.7% overall, and the company reports a negative P/E (-2.24) and low liquidity ratios (current and quick ~0.10); Liberty Broadband is primarily a holding of Charter Communications.

Liberty Broadband Corporation (NASDAQ:LBRDA - Get Free Report) hit a new 52-week low during trading on Saturday . The stock traded as low as $41.41 and last traded at $41.89, with a volume of 673924 shares trading hands. The stock had previously closed at $56.41.

Wall Street Analyst Weigh In

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

Liberty Broadband Trading Down 25.7%

The company has a market cap of $6.01 billion, a P/E ratio of -2.24 and a beta of 0.96. The business's 50-day moving average price is $52.24 and its 200 day moving average price is $50.80. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.10 and a current ratio of 0.10.

Insider Transactions at Liberty Broadband

In related news, Director J David Wargo sold 2,232 shares of Liberty Broadband stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $57.61, for a total transaction of $128,585.52. Following the completion of the transaction, the director owned 471 shares in the company, valued at approximately $27,134.31. This trade represents a 82.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 5.70% of the company's stock.

Institutional Trading of Liberty Broadband

Institutional investors and hedge funds have recently bought and sold shares of the business. Quent Capital LLC acquired a new stake in shares of Liberty Broadband in the third quarter valued at approximately $36,000. Comerica Bank increased its holdings in shares of Liberty Broadband by 104.2% during the 4th quarter. Comerica Bank now owns 1,027 shares of the company's stock worth $50,000 after acquiring an additional 524 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Liberty Broadband by 66.2% during the 2nd quarter. Franklin Resources Inc. now owns 615 shares of the company's stock worth $60,000 after acquiring an additional 245 shares during the last quarter. Federation des caisses Desjardins du Quebec raised its stake in 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 valued at $66,000 after acquiring an additional 248 shares during the period. Finally, Atlantic Union Bankshares Corp acquired a new stake in Liberty Broadband during the 3rd quarter valued at $144,000. Institutional investors own 10.29% of the company's stock.

Liberty Broadband Company Profile

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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