Liberty Broadband (NASDAQ:LBRDK) Hits New 52-Week Low at $54.51

Liberty Broadband Co. (NASDAQ:LBRDK - Get Free Report)'s stock price reached a new 52-week low on Tuesday . The stock traded as low as $54.51 and last traded at $54.75, with a volume of 191508 shares traded. The stock had previously closed at $55.75.

Analyst Upgrades and Downgrades

Separately, Citigroup decreased their target price on Liberty Broadband from $108.00 to $83.00 and set a "buy" rating for the company in a research report on Wednesday, February 7th.

Liberty Broadband Price Performance

The company has a market cap of $7.76 billion, a PE ratio of 11.63 and a beta of 0.96. 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 firm has a 50 day simple moving average of $62.42 and a 200-day simple moving average of $76.23.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last issued its quarterly earnings results on Friday, February 16th. The company reported $1.39 earnings per share for the quarter, missing analysts' consensus estimates of $2.62 by ($1.23). Liberty Broadband had a return on equity of 7.76% and a net margin of 70.13%. The business had revenue of $250.00 million for the quarter, compared to analysts' expectations of $227.82 million. As a group, research analysts predict that Liberty Broadband Co. will post 10.78 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director J David Wargo sold 9,000 shares of Liberty Broadband stock in a transaction dated 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 sale, the director now owns 97,332 shares of the company's stock, valued at $5,528,457.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 10.80% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Barclays PLC increased its position in shares of Liberty Broadband by 315.0% in the third quarter. Barclays PLC now owns 2,675,919 shares of the company's stock valued at $244,364,000 after buying an additional 2,031,168 shares in the last quarter. UBS Group AG increased its position in shares of Liberty Broadband by 21.7% in the third quarter. UBS Group AG now owns 8,626,349 shares of the company's stock valued at $787,758,000 after buying an additional 1,536,718 shares in the last quarter. Norges Bank purchased a new stake in shares of Liberty Broadband in the fourth quarter valued at approximately $114,084,000. Dorsal Capital Management LLC increased its position in shares of Liberty Broadband by 108.3% in the fourth quarter. Dorsal Capital Management LLC now owns 2,500,000 shares of the company's stock valued at $190,675,000 after buying an additional 1,300,000 shares in the last quarter. Finally, Ruane Cunniff & Goldfarb L.P. increased its position in shares of Liberty Broadband by 43.7% in the second quarter. Ruane Cunniff & Goldfarb L.P. now owns 3,286,361 shares of the company's stock valued at $263,270,000 after buying an additional 999,886 shares in the last quarter. 80.22% 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.