Liberty Broadband (NASDAQ:LBRDA) Hits New 52-Week Low at $48.04

Liberty Broadband Co. (NASDAQ:LBRDA - Get Free Report)'s share price hit a new 52-week low during trading on Tuesday . The company traded as low as $48.04 and last traded at $48.09, with a volume of 5235 shares traded. The stock had previously closed at $48.43.

Liberty Broadband Price Performance

The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 0.42. The company has a market cap of $6.91 billion, a PE ratio of 10.35, a P/E/G ratio of 0.10 and a beta of 0.98. The stock has a 50-day simple moving average of $56.94 and a 200 day simple moving average of $72.94.

Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last posted its earnings results on Friday, February 16th. The company reported $1.39 EPS for the quarter. Liberty Broadband had a return on equity of 7.76% and a net margin of 70.13%. The company had revenue of $250.00 million for the quarter, compared to the consensus estimate of $250.00 million. Equities analysts expect that Liberty Broadband Co. will post 12.03 EPS for the current year.

Insider Activity

In related news, Director J David Wargo sold 9,000 shares of the business's stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $56.80, for a total transaction of $511,200.00. Following the completion of the transaction, the director now directly owns 97,332 shares of the company's stock, valued at approximately $5,528,457.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders sold 45,000 shares of company stock valued at $2,435,830. 19.65% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Allianz Asset Management GmbH lifted its holdings in Liberty Broadband by 1.6% during the 1st quarter. Allianz Asset Management GmbH now owns 6,922 shares of the company's stock worth $907,000 after buying an additional 111 shares during the last quarter. Evergreen Capital Management LLC lifted its holdings in Liberty Broadband by 5.8% during the 1st quarter. Evergreen Capital Management LLC now owns 2,726 shares of the company's stock worth $357,000 after buying an additional 150 shares during the last quarter. Citigroup Inc. lifted its holdings in Liberty Broadband by 14.2% during the 3rd quarter. Citigroup Inc. now owns 1,348 shares of the company's stock worth $123,000 after buying an additional 168 shares during the last quarter. Osaic Holdings Inc. lifted its holdings in shares of Liberty Broadband by 3.2% in the 2nd quarter. Osaic Holdings Inc. now owns 5,927 shares of the company's stock valued at $472,000 after purchasing an additional 186 shares during the last quarter. Finally, Rhumbline Advisers lifted its holdings in shares of Liberty Broadband by 0.8% in the 2nd quarter. Rhumbline Advisers now owns 22,320 shares of the company's stock valued at $2,534,000 after purchasing an additional 187 shares during the last quarter. 10.29% of the stock is owned by institutional investors and hedge funds.

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.