Liberty Broadband (NASDAQ:LBRDK) Shares Gap Down - Time to Sell?

Liberty Broadband Corporation (NASDAQ:LBRDK - Get Free Report)'s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $96.59, but opened at $89.40. Liberty Broadband shares last traded at $89.38, with a volume of 413,023 shares traded.

Analysts Set New Price Targets

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

Liberty Broadband Price Performance

The company has a 50 day moving average price of $95.02 and a 200 day moving average price of $85.72. The firm has a market cap of $12.52 billion, a PE ratio of 13.96 and a beta of 1.01. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.35.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $1.87 earnings per share (EPS) for the quarter. The firm had revenue of $256.00 million during the quarter. Liberty Broadband had a return on equity of 9.24% and a net margin of 88.10%. On average, sell-side analysts expect that Liberty Broadband Corporation will post 7.71 EPS for the current year.

Institutional Investors Weigh In On Liberty Broadband

Several large investors have recently made changes to their positions in the company. Teacher Retirement System of Texas bought a new stake in Liberty Broadband during the first quarter worth approximately $2,666,000. Amalgamated Bank boosted its holdings in Liberty Broadband by 5.8% during the first quarter. Amalgamated Bank now owns 6,293 shares of the company's stock worth $535,000 after buying an additional 346 shares in the last quarter. Highland Capital Management LLC bought a new stake in Liberty Broadband during the first quarter worth approximately $1,163,000. Hi Line Capital Management LLC boosted its holdings in Liberty Broadband by 17.9% during the first quarter. Hi Line Capital Management LLC now owns 165,319 shares of the company's stock worth $14,060,000 after buying an additional 25,132 shares in the last quarter. Finally, ProShare Advisors LLC bought a new stake in Liberty Broadband during the fourth quarter worth approximately $221,000. Institutional investors and hedge funds 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.