Liberty Broadband (NASDAQ:LBRDK) Upgraded to Sell at Wall Street Zen

Key Points

• Wall Street Zen upgraded Liberty Broadband from a "strong sell" to a "sell" rating, while Weiss Ratings reaffirmed a "sell (d)" and the consensus on MarketBeat is an average rating of "Sell".
• Director J David Wargo sold 44,450 shares on February 10 at an average price of $57.30, cutting his holding by about 69.9%, and insiders now own 10.8% of the company.
• Shares opened at $40.10 with a market cap of about $5.75 billion, a negative P/E (-2.09), and a 52-week range of $36.60–$104.00, reflecting substantial volatility.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "strong sell" rating to a "sell" rating in a report released on Saturday.

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

Liberty Broadband Stock Performance

Liberty Broadband stock opened at $40.10 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.10 and a debt-to-equity ratio of 0.27. The firm has a market cap of $5.75 billion, a P/E ratio of -2.09 and a beta of 0.70. Liberty Broadband has a 1-year low of $36.60 and a 1-year high of $104.00. The firm has a 50-day moving average of $51.05 and a 200-day moving average of $50.32.

Insider Transactions at Liberty Broadband

In other Liberty Broadband news, Director J David Wargo sold 44,450 shares of the company's stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $57.30, for a total value of $2,546,985.00. Following the completion of the transaction, the director directly owned 19,150 shares in the company, valued at approximately $1,097,295. This represents a 69.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 10.80% of the company's stock.

Hedge Funds Weigh In On Liberty Broadband

Several hedge funds and other institutional investors have recently modified their holdings of LBRDK. Highlander Partners L.P. purchased a new stake in Liberty Broadband in the fourth quarter worth about $26,000. eCIO Inc. bought a new stake in Liberty Broadband during the 4th quarter valued at approximately $30,000. Johnson Financial Group Inc. purchased a new position in shares of Liberty Broadband during the 3rd quarter worth approximately $42,000. Mather Group LLC. bought a new position in shares of Liberty Broadband in the 3rd quarter worth approximately $47,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of Liberty Broadband by 59.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 733 shares of the company's stock worth $72,000 after acquiring an additional 273 shares in the last quarter. Hedge funds and other 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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