Liberty Broadband (NASDAQ:LBRDA) Stock Price Crosses Above 50-Day Moving Average - Time to Sell?

Key Points

• Liberty Broadband briefly traded above its 50-day moving average of $52.10 (intraday high $52.88) but last traded at $51.68 on volume of 349,843 shares.
• Analyst sentiment is negative—Weiss Ratings reiterated a Sell and the stock's average rating is "Sell"—and fundamentals show weak liquidity (current and quick ratios of 0.10) and a negative P/E (-2.76).
• Insider activity includes Director J. David Wargo selling 44,450 shares at about $57.30 (a ~69.9% reduction in his position); insiders still own 11.59% of the company.

Liberty Broadband Corporation (NASDAQ:LBRDA - Get Free Report) shares crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $52.10 and traded as high as $52.88. Liberty Broadband shares last traded at $51.68, with a volume of 349,843 shares traded.

Wall Street Analysts Forecast Growth

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

Liberty Broadband Trading Down 0.7%

The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.14. The stock has a market cap of $7.42 billion, a P/E ratio of -2.76 and a beta of 0.96. The firm's 50-day simple moving average is $52.10 and its 200 day simple moving average is $51.52.

Insider Buying and Selling

In other Liberty Broadband news, Director J David Wargo sold 44,450 shares of the company's stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $57.30, for a total value of $2,546,985.00. Following the completion of the transaction, the director owned 19,150 shares in the company, valued at approximately $1,097,295. This represents a 69.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 11.59% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of LBRDA. Quent Capital LLC bought a new position in Liberty Broadband in the 3rd quarter worth about $36,000. Comerica Bank boosted its holdings in shares of Liberty Broadband by 104.2% in the fourth quarter. Comerica Bank now owns 1,027 shares of the company's stock valued at $50,000 after acquiring an additional 524 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of Liberty Broadband by 66.2% in the second quarter. Franklin Resources Inc. now owns 615 shares of the company's stock valued at $60,000 after acquiring an additional 245 shares in the last quarter. Federation des caisses Desjardins du Quebec boosted its holdings in shares of Liberty Broadband by 22.0% in the fourth 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 in the last quarter. Finally, Atlantic Union Bankshares Corp bought a new position in shares of Liberty Broadband in the third quarter valued at approximately $144,000. Institutional investors 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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