Liberty Broadband (NASDAQ:LBRDK) Hits New 52-Week 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 trading on Monday . The stock traded as low as $57.75 and last traded at $58.33, with a volume of 38096 shares. The stock had previously closed at $59.98.

Analyst Upgrades and Downgrades

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

Liberty Broadband Price Performance

The firm has a market cap of $8.67 billion, a PE ratio of 7.97 and a beta of 0.97. The stock's fifty day moving average price is $73.85 and its 200-day moving average price is $82.68. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its position in Liberty Broadband by 13.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,310,698 shares of the company's stock valued at $196,522,000 after buying an additional 275,354 shares during the last quarter. State Street Corp lifted its position in shares of Liberty Broadband by 1.3% during the second quarter. State Street Corp now owns 1,997,389 shares of the company's stock worth $196,503,000 after purchasing an additional 25,781 shares in the last quarter. Madison Asset Management LLC lifted its position in shares of Liberty Broadband by 8.5% during the first quarter. Madison Asset Management LLC now owns 1,781,745 shares of the company's stock worth $151,537,000 after purchasing an additional 140,307 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Liberty Broadband by 71.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,557,714 shares of the company's stock worth $153,248,000 after purchasing an additional 648,125 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. lifted its position in shares of Liberty Broadband by 21.2% during the first quarter. Adage Capital Partners GP L.L.C. now owns 1,491,606 shares of the company's stock worth $126,861,000 after purchasing an additional 260,470 shares in the last quarter. Institutional investors and hedge funds own 80.22% 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.

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