Shares of Liberty Broadband Corporation (NASDAQ:LBRDK - Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $86.75, but opened at $76.50. Liberty Broadband shares last traded at $71.36, with a volume of 352,322 shares changing hands.
Analyst Ratings Changes
Separately, Wall Street Zen upgraded Liberty Broadband to a "hold" rating in a research note on Saturday, July 12th.
Get Our Latest Report on LBRDK
Liberty Broadband Stock Down 18.3%
The firm has a market capitalization of $10.16 billion, a price-to-earnings ratio of 11.33 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. The firm has a fifty day moving average price of $94.41 and a 200 day moving average price of $86.17.
Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $1.87 EPS for the quarter. The business had revenue of $256.00 million for the quarter. Liberty Broadband had a return on equity of 9.24% and a net margin of 88.10%. Sell-side analysts anticipate that Liberty Broadband Corporation will post 7.71 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of LBRDK. SouthState Corp acquired a new position in Liberty Broadband during the 1st quarter worth $25,000. Vestor Capital LLC acquired a new position in Liberty Broadband during the 1st quarter worth $44,000. Fortitude Family Office LLC acquired a new position in Liberty Broadband during the 2nd quarter worth $48,000. Continuum Advisory LLC acquired a new position in Liberty Broadband during the 1st quarter worth $58,000. Finally, GAMMA Investing LLC lifted its holdings in Liberty Broadband by 39.2% during the 2nd quarter. GAMMA Investing LLC now owns 589 shares of the company's stock worth $58,000 after buying an additional 166 shares in the last quarter. 80.22% of the stock is owned by institutional investors and hedge funds.
About Liberty Broadband
(
Get Free Report)
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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