Liberty Broadband (NASDAQ:LBRDK) Now Covered by Analysts at StockNews.com

Analysts at StockNews.com began coverage on shares of Liberty Broadband (NASDAQ:LBRDK - Get Free Report) in a research note issued on Wednesday. The firm set a "sell" rating on the stock.

Liberty Broadband Stock Up 2.4 %

Liberty Broadband stock opened at $89.00 on Wednesday. The stock has a 50 day moving average of $81.70 and a two-hundred day moving average of $81.61. Liberty Broadband has a twelve month low of $48.89 and a twelve month high of $101.50. The stock has a market capitalization of $12.75 billion, a price-to-earnings ratio of 16.39 and a beta of 1.03. 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 (NASDAQ:LBRDK - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The company reported $2.04 earnings per share for the quarter, missing analysts' consensus estimates of $3.67 by ($1.63). The firm had revenue of $253.00 million during the quarter, compared to analysts' expectations of $252.50 million. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. As a group, research analysts expect that Liberty Broadband will post 7.71 earnings per share for the current year.

Institutional Trading of Liberty Broadband

Hedge funds have recently modified their holdings of the business. Deutsche Bank AG increased its holdings in Liberty Broadband by 125.6% in the fourth quarter. Deutsche Bank AG now owns 3,060,143 shares of the company's stock valued at $228,776,000 after buying an additional 1,703,637 shares in the last quarter. Madison Investment Advisors LLC purchased a new position in Liberty Broadband in the 4th quarter valued at approximately $122,714,000. Norges Bank acquired a new position in Liberty Broadband during the fourth quarter worth $100,845,000. Adage Capital Partners GP L.L.C. boosted its position in Liberty Broadband by 425.3% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 1,231,136 shares of the company's stock worth $92,040,000 after purchasing an additional 996,764 shares in the last quarter. Finally, Pentwater Capital Management LP grew its holdings in Liberty Broadband by 454.0% in the fourth quarter. Pentwater Capital Management LP now owns 1,108,000 shares of the company's stock valued at $82,834,000 after purchasing an additional 908,000 shares during the last quarter. 80.22% of the stock is owned by institutional investors and hedge funds.

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.

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