Liberty Broadband (NASDAQ:LBRDK) Coverage Initiated at StockNews.com

StockNews.com started coverage on shares of Liberty Broadband (NASDAQ:LBRDK - Free Report) in a research report report published on Tuesday morning. The brokerage issued a sell rating on the stock.

Liberty Broadband Trading Up 11.5 %

Shares of LBRDK stock traded up $8.87 on Tuesday, hitting $86.23. The stock had a trading volume of 1,177,687 shares, compared to its average volume of 1,039,454. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40. Liberty Broadband has a twelve month low of $48.89 and a twelve month high of $101.50. The company has a fifty day moving average price of $81.44 and a two-hundred day moving average price of $81.49. The firm has a market cap of $12.36 billion, a P/E ratio of 15.88 and a beta of 1.03.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last posted its earnings results on Thursday, February 27th. The company reported $2.04 earnings per share for the quarter, missing the consensus estimate of $3.67 by ($1.63). Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. The business had revenue of $253.00 million for the quarter, compared to the consensus estimate of $252.50 million. As a group, analysts forecast that Liberty Broadband will post 7.71 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Liberty Broadband

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Barclays PLC increased its holdings in Liberty Broadband by 6.4% during the 3rd quarter. Barclays PLC now owns 6,899,331 shares of the company's stock worth $533,251,000 after purchasing an additional 415,496 shares in the last quarter. ABC Arbitrage SA acquired a new position in shares of Liberty Broadband during the fourth quarter worth about $563,000. Wolverine Asset Management LLC grew its holdings in shares of Liberty Broadband by 458.8% during the fourth quarter. Wolverine Asset Management LLC now owns 9,499 shares of the company's stock worth $710,000 after buying an additional 7,799 shares in the last quarter. Canada Pension Plan Investment Board raised its position in Liberty Broadband by 331.4% in the 4th quarter. Canada Pension Plan Investment Board now owns 228,200 shares of the company's stock valued at $17,060,000 after buying an additional 175,300 shares during the last quarter. Finally, Everence Capital Management Inc. bought a new stake in Liberty Broadband in the 4th quarter valued at approximately $229,000. 80.22% of the stock is currently owned by institutional investors and hedge funds.

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.