Liberty Broadband (NASDAQ:LBRDK) Sets New 12-Month Low at $48.24

Liberty Broadband Co. (NASDAQ:LBRDK - Get Free Report) shares reached a new 52-week low on Monday . The stock traded as low as $48.24 and last traded at $48.47, with a volume of 31502 shares changing hands. The stock had previously closed at $48.58.

Wall Street Analyst Weigh In

Separately, Citigroup cut their target price on shares of 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 Trading Down 0.6 %

The firm has a market cap of $6.90 billion, a P/E ratio of 10.29 and a beta of 0.96. The firm's fifty day moving average is $57.62 and its two-hundred day moving average is $73.68. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 0.42.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last announced its quarterly earnings data on Friday, February 16th. The company reported $1.39 EPS for the quarter, missing the consensus estimate of $2.62 by ($1.23). The firm had revenue of $250.00 million for the quarter, compared to analysts' expectations of $227.82 million. Liberty Broadband had a net margin of 70.13% and a return on equity of 7.76%. Analysts predict that Liberty Broadband Co. will post 10.14 earnings per share for the current fiscal year.

Insider Transactions at Liberty Broadband

In other Liberty Broadband news, Director J David Wargo sold 15,000 shares of the business's stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $51.98, for a total value of $779,700.00. Following the completion of the transaction, the director now owns 72,332 shares of the company's stock, valued at approximately $3,759,817.36. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold a total of 45,000 shares of company stock valued at $2,435,830 in the last quarter. 10.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Liberty Broadband

A number of large investors have recently made changes to their positions in LBRDK. OFI Invest Asset Management bought a new position in shares of Liberty Broadband during the 3rd quarter valued at approximately $26,000. Groupama Asset Managment purchased a new position in Liberty Broadband in the 4th quarter worth approximately $26,000. State of Wyoming lifted its holdings in Liberty Broadband by 33.7% in the 2nd quarter. State of Wyoming now owns 472 shares of the company's stock worth $38,000 after purchasing an additional 119 shares in the last quarter. Milestone Investment Advisors LLC purchased a new position in Liberty Broadband in the 1st quarter worth approximately $51,000. Finally, UniSuper Management Pty Ltd purchased a new position in Liberty Broadband in the 2nd quarter worth approximately $72,000. 80.22% of the stock is currently owned by institutional investors.

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.