StockNews.com assumed coverage on shares of Liberty Broadband (NASDAQ:LBRDK - Free Report) in a research report sent to investors on Thursday morning. The brokerage issued a sell rating on the stock.
Liberty Broadband Trading Up 1.7%
Shares of LBRDK stock traded up $1.61 on Thursday, reaching $95.04. 188,972 shares of the stock were exchanged, compared to its average volume of 1,021,549. The stock has a market cap of $13.62 billion, a P/E ratio of 17.50 and a beta of 1.02. Liberty Broadband has a 1-year low of $49.38 and a 1-year high of $101.50. The firm has a 50 day moving average of $83.41 and a two-hundred day moving average of $82.35. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40.
Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $1.87 earnings per share for the quarter. The firm had revenue of $256.00 million during the quarter. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. On average, research analysts anticipate that Liberty Broadband will post 7.71 EPS for the current year.
Institutional Trading of Liberty Broadband
Several institutional investors have recently added to or reduced their stakes in the stock. Deutsche Bank AG increased its stake in Liberty Broadband by 125.6% in the 4th quarter. Deutsche Bank AG now owns 3,060,143 shares of the company's stock worth $228,776,000 after acquiring an additional 1,703,637 shares during the last quarter. Madison Investment Advisors LLC purchased a new stake in shares of Liberty Broadband in the 4th quarter worth $122,714,000. Norges Bank purchased a new stake in shares of Liberty Broadband during the fourth quarter worth about $100,845,000. Adage Capital Partners GP L.L.C. grew its holdings in Liberty Broadband by 425.3% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 1,231,136 shares of the company's stock valued at $92,040,000 after buying an additional 996,764 shares in the last quarter. Finally, Pentwater Capital Management LP increased its position in Liberty Broadband by 454.0% during the fourth quarter. Pentwater Capital Management LP now owns 1,108,000 shares of the company's stock valued at $82,834,000 after acquiring an additional 908,000 shares during the last quarter. 80.22% of the stock is currently owned by institutional investors.
Liberty Broadband Company Profile
(
Get Free Report)
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.
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