Liberty Broadband (NASDAQ:LBRDK) Stock Price Passes Above Fifty Day Moving Average - Here's Why

Key Points

• Price action: Liberty Broadband's share price briefly passed above its 50-day moving average of $52.41, trading as high as $52.72 before last trading at $51.13 on volume of 966,096.
• Analyst sentiment: Weiss Ratings reaffirmed a "Sell (d)" and MarketBeat reports an average analyst rating of "Sell."
• Insider and ownership: Director J. David Wargo sold 2,232 shares at $57.61 (an 82.57% reduction in his stake); the company has a $7.34B market cap, a negative P/E (-2.73), insiders own 10.8% and institutions own 80.22%.

Liberty Broadband Corporation (NASDAQ:LBRDK - Get Free Report)'s share price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $52.41 and traded as high as $52.72. Liberty Broadband shares last traded at $51.1310, with a volume of 966,096 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated 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.com, Liberty Broadband presently has an average rating of "Sell".

Liberty Broadband Stock Performance

The company has a debt-to-equity ratio of 0.14, a current ratio of 0.10 and a quick ratio of 0.10. The company has a market capitalization of $7.34 billion, a price-to-earnings ratio of -2.73 and a beta of 0.96. The stock has a 50 day simple moving average of $52.41 and a two-hundred day simple moving average of $51.62.

Insider Activity at Liberty Broadband

In other news, Director J David Wargo sold 2,232 shares of Liberty Broadband 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 sale, the director owned 471 shares in the company, valued at approximately $27,134.31. The trade was a 82.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 10.80% of the company's stock.

Institutional Trading of Liberty Broadband

A number of hedge funds and other institutional investors have recently made changes to their positions in LBRDK. Highlander Partners L.P. acquired a new stake in shares of Liberty Broadband during the fourth quarter worth about $26,000. eCIO Inc. acquired a new stake in shares of Liberty Broadband during the fourth quarter worth about $30,000. Johnson Financial Group Inc. purchased a new position in shares of Liberty Broadband during the third quarter worth about $42,000. Rothschild Investment LLC grew its holdings in shares of Liberty Broadband by 7,253.8% during the fourth quarter. Rothschild Investment LLC now owns 956 shares of the company's stock worth $46,000 after buying an additional 943 shares during the last quarter. Finally, Mather Group LLC. purchased a new position in shares of Liberty Broadband during the third quarter worth about $47,000. Institutional investors and hedge funds 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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