Liberty Broadband (NASDAQ:LBRDK) Stock Price Down 18.5% - Time to Sell?

Key Points

• Shares plunged 18.5% on Friday to about $46 (from a prior close of $56.47), trading as low as $47.44 on light volume—272,507 shares, roughly 77% below the daily average.
• Analyst and fundamental weakness: Weiss Ratings reiterated a "sell (d)" and MarketBeat shows a consensus "Sell"; the stock has a negative P/E (-2.30), very low liquidity (current and quick ratios of 0.10), and its 50- and 200-day moving averages sit above the current price.
• Insider and institutional activity: Director J. David Wargo sold 2,232 shares at $57.61, materially reducing his holding, while insiders own 10.8% and institutional investors own 80.22% (with JPMorgan notably increasing its stake).

Liberty Broadband Corporation (NASDAQ:LBRDK - Get Free Report) dropped 18.5% during trading on Friday . The stock traded as low as $47.44 and last traded at $46.02. 272,507 shares changed hands during trading, a decline of 77% from the average daily volume of 1,188,929 shares. The stock had previously closed at $56.47.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a "sell (d)" rating on shares of Liberty Broadband in a research note on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of "Sell".

Liberty Broadband Stock Performance

The company's fifty day simple moving average is $52.60 and its 200 day simple moving average is $51.12. The stock has a market capitalization of $6.19 billion, a P/E ratio of -2.30 and a beta of 0.96. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.14.

Insider Transactions at Liberty Broadband

In related news, Director J David Wargo sold 2,232 shares of the business's stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $57.61, for a total transaction of $128,585.52. Following the completion of the transaction, the director directly owned 471 shares in the company, valued at $27,134.31. The trade was a 82.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 10.80% of the company's stock.

Institutional Trading of Liberty Broadband

Large investors have recently modified their holdings of the business. DLD Asset Management LP purchased a new stake in shares of Liberty Broadband during the 3rd quarter valued at $4,636,000. JPMorgan Chase & Co. increased its stake in Liberty Broadband by 493.1% in the third quarter. JPMorgan Chase & Co. now owns 2,270,557 shares of the company's stock valued at $144,271,000 after acquiring an additional 1,887,742 shares during the last quarter. Hudson Bay Capital Management LP raised its position in Liberty Broadband by 32.0% during the third quarter. Hudson Bay Capital Management LP now owns 165,000 shares of the company's stock valued at $10,484,000 after purchasing an additional 40,000 shares in the last quarter. Athos Capital Ltd bought a new stake in Liberty Broadband during the third quarter worth about $10,746,000. Finally, Alpine Associates Management Inc. bought a new stake in Liberty Broadband during the third quarter worth about $32,323,000. Institutional investors own 80.22% of the company's stock.

About Liberty Broadband

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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