Liberty Broadband (NASDAQ:LBRDK) Share Price Crosses Above Fifty Day Moving Average - What's Next?

Key Points

• Price action: Liberty Broadband's shares crossed above the 50‑day moving average of $52.59, trading as high as $58.18 and last at $57.09 on volume of 2,219,712 shares.
• Analyst sentiment: Weiss Ratings reissued a "sell (d)" and MarketBeat shows a consensus rating of "Sell" for the stock.
• Insider and ownerships: Director J. David Wargo sold 44,450 shares at about $57.30, reducing his stake ~69.9%; insiders own 10.8% and institutional investors own 80.22%, with a market cap of $8.19 billion and a negative P/E of -3.05.

Liberty Broadband Corporation (NASDAQ:LBRDK - Get Free Report)'s share price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $52.59 and traded as high as $58.18. Liberty Broadband shares last traded at $57.09, with a volume of 2,219,712 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a "sell (d)" rating on shares of Liberty Broadband in a report on Friday, March 27th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Liberty Broadband presently has a consensus rating of "Sell".

Liberty Broadband Stock Performance

The company's fifty day simple moving average is $52.59 and its 200 day simple moving average is $51.10. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $8.19 billion, a P/E ratio of -3.05 and a beta of 0.96.

Insider Buying and Selling

In other Liberty Broadband news, Director J David Wargo sold 44,450 shares of the firm's stock in a transaction on 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 transaction, the director directly owned 19,150 shares of the company's stock, valued at $1,097,295. This trade represents a 69.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 10.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Highlander Partners L.P. bought a new position in Liberty Broadband in the 4th quarter valued at $26,000. eCIO Inc. purchased a new position in Liberty Broadband in the fourth quarter worth $30,000. Johnson Financial Group Inc. purchased a new position in Liberty Broadband in the third quarter worth $42,000. Mather Group LLC. purchased a new position in Liberty Broadband in the third quarter worth $47,000. Finally, EverSource Wealth Advisors LLC grew its position in Liberty Broadband by 59.3% in the second quarter. EverSource Wealth Advisors LLC now owns 733 shares of the company's stock worth $72,000 after acquiring an additional 273 shares in the last quarter. 80.22% of the stock is owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.