Liberty Broadband (NASDAQ:LBRDK) Sets New 12-Month Low - Should You Sell?

Key Points

• Liberty Broadband shares hit a new 52-week low of $57.75, marking significant trading activity with a volume of 38,096 shares.
• Despite the recent dip, analysts have upgraded the stock to a "hold" rating, indicating a more positive outlook.
• Institutional investors own 80.22% of Liberty Broadband's stock, suggesting strong institutional confidence in the company.

Liberty Broadband Corporation (NASDAQ:LBRDK - Get Free Report) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $57.75 and last traded at $58.33, with a volume of 38096 shares trading hands. The stock had previously closed at $59.98.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Liberty Broadband to a "hold" rating in a report on Saturday, July 12th.

Liberty Broadband Trading Down 0.4%

The firm has a market cap of $8.69 billion, a PE ratio of 7.99 and a beta of 0.97. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. The stock's fifty day simple moving average is $69.91 and its two-hundred day simple moving average is $81.95.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in LBRDK. Ameriprise Financial Inc. lifted its stake in shares of Liberty Broadband by 0.5% in the fourth quarter. Ameriprise Financial Inc. now owns 27,909 shares of the company's stock worth $2,086,000 after buying an additional 131 shares in the last quarter. Focus Partners Wealth bought a new position in shares of Liberty Broadband in the fourth quarter worth approximately $254,000. Graham Capital Management L.P. bought a new position in shares of Liberty Broadband in the fourth quarter worth approximately $311,000. Janus Henderson Group PLC lifted its stake in shares of Liberty Broadband by 4.7% in the fourth quarter. Janus Henderson Group PLC now owns 51,700 shares of the company's stock worth $3,864,000 after buying an additional 2,300 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its stake in shares of Liberty Broadband by 39.6% in the fourth quarter. Lazard Asset Management LLC now owns 20,594 shares of the company's stock worth $1,539,000 after buying an additional 5,838 shares in the last quarter. Institutional investors own 80.22% of the company's stock.

Liberty Broadband Company Profile

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.