Liberty Broadband (NASDAQ:LBRDK) Hits New 1-Year Low at $46.46

Liberty Broadband Co. (NASDAQ:LBRDK - Get Free Report) shares reached a new 52-week low on Friday . The company traded as low as $46.46 and last traded at $48.20, with a volume of 406010 shares. The stock had previously closed at $49.39.

Wall Street Analyst Weigh In

Separately, Citigroup dropped their price target 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 Price Performance

The company has a market cap of $7.04 billion, a P/E ratio of 10.55 and a beta of 0.95. The company has a fifty day simple moving average of $55.23 and a 200-day simple moving average of $71.05. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.42 and a quick ratio of 2.42.

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

Insider Transactions at Liberty Broadband

In other news, Director J David Wargo sold 15,000 shares of the company's stock in a transaction on Monday, April 8th. The shares were sold at an average price of $51.98, for a total value of $779,700.00. Following the transaction, the director now directly owns 72,332 shares of the company's stock, valued at $3,759,817.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last ninety days, insiders have sold 45,000 shares of company stock valued at $2,435,830. 10.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Liberty Broadband

A number of large investors have recently bought and sold shares of LBRDK. Barclays PLC boosted its holdings in Liberty Broadband by 315.0% during the third quarter. Barclays PLC now owns 2,675,919 shares of the company's stock valued at $244,364,000 after acquiring an additional 2,031,168 shares during the period. UBS Group AG boosted its holdings in Liberty Broadband by 21.7% during the third quarter. UBS Group AG now owns 8,626,349 shares of the company's stock valued at $787,758,000 after acquiring an additional 1,536,718 shares during the period. Norges Bank bought a new stake in shares of Liberty Broadband in the fourth quarter valued at about $104,363,000. Assenagon Asset Management S.A. lifted its stake in shares of Liberty Broadband by 179.6% in 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 buying an additional 857,187 shares during the period. Finally, Mango Investments LLC bought a new stake in shares of Liberty Broadband in the fourth quarter valued at about $49,570,000. 80.22% of the stock is currently owned by institutional investors.

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.