Liberty Broadband (NASDAQ:LBRDK) Hits New 1-Year Low at $50.72

Shares of Liberty Broadband Co. (NASDAQ:LBRDK - Get Free Report) hit a new 52-week low during trading on Monday . The company traded as low as $50.72 and last traded at $51.34, with a volume of 40322 shares. The stock had previously closed at $51.31.

Analyst Upgrades and Downgrades

Separately, Citigroup dropped their price objective on Liberty Broadband from $108.00 to $83.00 and set a "buy" rating on the stock in a report on Wednesday, February 7th.

Liberty Broadband Stock Performance

The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $7.49 billion, a P/E ratio of 11.12 and a beta of 0.96. The company's 50-day moving average is $60.31 and its two-hundred day moving average is $75.10.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last posted its quarterly earnings data on Friday, February 16th. The company reported $1.39 EPS 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 firm had revenue of $250.00 million during the quarter, compared to the consensus estimate of $227.82 million. As a group, sell-side analysts anticipate that Liberty Broadband Co. will post 10.78 EPS for the current fiscal year.

Insider Buying and Selling at Liberty Broadband

In other news, Director J David Wargo sold 9,000 shares of the company'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 sale, the director now directly owns 97,332 shares of the company's stock, valued at $5,528,457.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 10.80% of the stock is owned by corporate insiders.

Institutional Trading of Liberty Broadband

Several hedge funds and other institutional investors have recently modified their holdings of the business. Assenagon Asset Management S.A. grew its position in Liberty Broadband by 179.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,334,499 shares of the company's stock valued at $107,547,000 after purchasing an additional 857,187 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Liberty Broadband by 4.2% during the 3rd quarter. Northern Trust Corp now owns 875,562 shares of the company's stock valued at $79,956,000 after acquiring an additional 35,370 shares in the last quarter. Royal Bank of Canada grew its holdings in shares of Liberty Broadband by 10.0% during the 3rd quarter. Royal Bank of Canada now owns 629,539 shares of the company's stock valued at $57,490,000 after acquiring an additional 57,454 shares in the last quarter. Barclays PLC increased its stake 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 worth $244,364,000 after acquiring an additional 2,031,168 shares during the last quarter. Finally, Korea Investment CORP raised its holdings in shares of Liberty Broadband by 10.1% during the third quarter. Korea Investment CORP now owns 155,682 shares of the company's stock worth $14,217,000 after acquiring an additional 14,278 shares in the last quarter. Institutional investors and hedge funds own 80.22% of the company's stock.

Liberty Broadband Company Profile

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.