Liberty Broadband (NASDAQ:LBRDK) Shares Gap Up - Still a Buy?

Liberty Broadband Co. (NASDAQ:LBRDK - Get Free Report)'s share price gapped up prior to trading on Friday . The stock had previously closed at $77.36, but opened at $79.83. Liberty Broadband shares last traded at $82.80, with a volume of 169,253 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Liberty Broadband in a research report on Wednesday. They set a "sell" rating on the stock.

Liberty Broadband Price Performance

The stock has a market cap of $12.77 billion, a P/E ratio of 16.41 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. The business has a 50-day simple moving average of $81.70 and a 200 day simple moving average of $81.61.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported $2.04 EPS 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 the consensus estimate of $252.50 million. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. On average, analysts forecast that Liberty Broadband Co. will post 7.71 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Resonant Capital Advisors LLC grew its holdings in shares of Liberty Broadband by 3.1% in the first quarter. Resonant Capital Advisors LLC now owns 4,197 shares of the company's stock worth $357,000 after purchasing an additional 126 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Liberty Broadband by 0.5% during the 4th quarter. Ameriprise Financial Inc. now owns 27,909 shares of the company's stock worth $2,086,000 after buying an additional 131 shares during the period. Smartleaf Asset Management LLC increased its position in shares of Liberty Broadband by 61.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 406 shares of the company's stock worth $30,000 after purchasing an additional 154 shares in the last quarter. Northeast Financial Consultants Inc lifted its stake in shares of Liberty Broadband by 6.3% in the 4th quarter. Northeast Financial Consultants Inc now owns 2,989 shares of the company's stock valued at $223,000 after purchasing an additional 177 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its position in shares of Liberty Broadband by 5.6% during the fourth quarter. CIBC Asset Management Inc now owns 3,757 shares of the company's stock worth $281,000 after buying an additional 199 shares during the period. Institutional investors own 80.22% of the company's stock.

About Liberty Broadband

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.