Liberty Broadband (NASDAQ:LBRDA) Shares Gap Up - What's Next?

Liberty Broadband Co. (NASDAQ:LBRDA - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $76.50, but opened at $79.18. Liberty Broadband shares last traded at $81.82, with a volume of 50,297 shares traded.

Wall Street Analysts Forecast Growth

Separately, Benchmark lowered 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 report on Monday, March 31st. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Liberty Broadband presently has an average rating of "Hold" and a consensus price target of $86.20.

Liberty Broadband Price Performance

The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. The stock has a market cap of $12.54 billion, a PE ratio of 16.11 and a beta of 1.03. The stock's 50-day moving average is $80.94 and its two-hundred day moving average is $80.92.

Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last announced its earnings results on Thursday, February 27th. The company reported $2.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.73 by $0.31. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. The firm had revenue of $263.00 million during the quarter, compared to analysts' expectations of $252.50 million.

Hedge Funds Weigh In On Liberty Broadband

A number of institutional investors and hedge funds have recently bought and sold shares of LBRDA. Farther Finance Advisors LLC increased its stake in Liberty Broadband by 891.9% during the fourth quarter. Farther Finance Advisors LLC now owns 367 shares of the company's stock valued at $27,000 after purchasing an additional 330 shares during the last quarter. Franklin Resources Inc. bought a new position in shares of Liberty Broadband in the third quarter valued at approximately $30,000. American National Bank & Trust bought a new stake in shares of Liberty Broadband in the 1st quarter worth $32,000. Sterling Capital Management LLC raised its holdings in shares of Liberty Broadband by 48.2% in the 4th quarter. Sterling Capital Management LLC now owns 815 shares of the company's stock worth $61,000 after purchasing an additional 265 shares in the last quarter. Finally, AlphaQuest LLC raised its position in shares of Liberty Broadband by 4,115.0% during the fourth quarter. AlphaQuest LLC now owns 843 shares of the company's stock worth $63,000 after purchasing an additional 823 shares during the period. Hedge funds and other institutional investors own 10.29% 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. 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.