Liberty Broadband (NASDAQ:LBRDK) Sets New 52-Week Low - Should You Sell?

Key Points

• Liberty Broadband hit a new 52-week low, trading as low as $41.43 and last at $41.94 on heavy volume (8,098,245 shares) after previously closing at $56.47.
• Analysts have an average "Sell" rating (Weiss Ratings reissued a "sell (d)"), and the stock trades below its 50- and 200-day moving averages with a negative P/E of -2.24.
• Notable insider selling and concentrated ownership: Director J. David Wargo sold 44,450 shares (~$2.55M) in February, insiders own 10.8% and institutional investors own about 80.22%, while the company's primary asset is its stake in Charter Communications.

Liberty Broadband Corporation (NASDAQ:LBRDK - Get Free Report)'s share price reached a new 52-week low on Saturday . The company traded as low as $41.43 and last traded at $41.94, with a volume of 8098245 shares. The stock had previously closed at $56.47.

Analyst Upgrades and Downgrades

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

Liberty Broadband Stock Performance

The business has a fifty day moving average of $52.33 and a 200 day moving average of $50.95. The company has a market cap of $6.02 billion, a P/E ratio of -2.24 and a beta of 0.96. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.14.

Insider Buying and Selling

In other news, Director J David Wargo sold 44,450 shares of the firm'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 sale, the director directly owned 19,150 shares of the company's stock, valued at approximately $1,097,295. This trade represents a 69.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 10.80% of the company's stock.

Hedge Funds Weigh In On Liberty Broadband

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Highlander Partners L.P. purchased a new stake in Liberty Broadband in the fourth quarter worth about $26,000. eCIO Inc. purchased a new position in shares of Liberty Broadband during the 4th quarter worth approximately $30,000. Johnson Financial Group Inc. purchased a new position in shares of Liberty Broadband during the 3rd quarter worth approximately $42,000. Rothschild Investment LLC raised its position in shares of Liberty Broadband by 7,253.8% in the 4th quarter. Rothschild Investment LLC now owns 956 shares of the company's stock worth $46,000 after acquiring an additional 943 shares in the last quarter. Finally, Mather Group LLC. bought a new position in shares of Liberty Broadband in the 3rd quarter worth approximately $47,000. Hedge funds and other institutional investors own 80.22% of the company's stock.

Liberty Broadband Company Profile

Liberty Broadband Corporation is a publicly traded holding company that principally invests in broadband and cable businesses. Established in 2014 as a spin-off from Liberty Interactive Corporation, the company was designed to provide investors with targeted exposure to high-growth broadband assets. Headquartered in Englewood, Colorado, Liberty Broadband uses a tracking-stock structure to reflect the performance of its key investments rather than operating a stand-alone service business.

The company's primary asset is its substantial equity interest in Charter Communications, one of the largest cable and broadband providers in the United States.

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