Liberty Broadband (NASDAQ:LBRDA) Share Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

Shares of Liberty Broadband Corporation (NASDAQ:LBRDA - Get Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $83.74 and traded as high as $100.77. Liberty Broadband shares last traded at $99.79, with a volume of 41,378 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Benchmark dropped their price objective on shares of Liberty Broadband from $130.00 to $115.00 and set a "buy" rating for the company in a research note on Monday, March 31st.

Liberty Broadband Trading Up 1.0%

The firm has a market cap of $14.30 billion, a price-to-earnings ratio of 15.94 and a beta of 1.00. The business has a 50 day moving average of $93.23 and a 200 day moving average of $83.74. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.35.

Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.67. The company had revenue of $266.00 million for the quarter, compared to analysts' expectations of $248.60 million. Liberty Broadband had a net margin of 86.40% and a return on equity of 9.24%.

Institutional Trading of Liberty Broadband

Several hedge funds and other institutional investors have recently bought and sold shares of the company. M&T Bank Corp grew its holdings in Liberty Broadband by 3.6% in the 4th quarter. M&T Bank Corp now owns 4,562 shares of the company's stock valued at $339,000 after buying an additional 158 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of Liberty Broadband in the fourth quarter worth approximately $4,390,000. Raymond James Financial Inc. purchased a new stake in Liberty Broadband in the fourth quarter valued at approximately $306,000. AlphaQuest LLC grew its holdings in Liberty Broadband by 4,115.0% in the fourth quarter. AlphaQuest LLC now owns 843 shares of the company's stock valued at $63,000 after purchasing an additional 823 shares during the period. Finally, Moran Wealth Management LLC acquired a new position in Liberty Broadband during the fourth quarter worth approximately $2,447,000. 10.29% of the stock is owned by hedge funds and other institutional investors.

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. Its Charter segment offers subscription-based Internet and video services, and mobile and voice services; and state-of-the-art residential and business services, which includes Spectrum Internet, TV, mobile and voice for small and medium-sized companies; Spectrum Business provides a suite of broadband products and services for businesses and government application; Spectrum Enterprise offers customized fiber-based solutions; Spectrum Reach provides advertising and production for the modern media landscape.

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