StockNews.com initiated coverage on shares of Liberty Broadband (NASDAQ:LBRDK - Free Report) in a research note released on Friday. The brokerage issued a sell rating on the stock.
Liberty Broadband Price Performance
NASDAQ LBRDK traded up $3.98 on Friday, hitting $101.29. The company had a trading volume of 3,345,719 shares, compared to its average volume of 1,027,495. The company has a market capitalization of $14.51 billion, a PE ratio of 18.65 and a beta of 1.02. The company's fifty day moving average price is $84.41 and its 200-day moving average price is $82.79. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07. Liberty Broadband has a 12-month low of $49.38 and a 12-month high of $104.00.
Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $1.87 EPS for the quarter. The company had revenue of $256.00 million during the quarter. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. As a group, analysts predict that Liberty Broadband will post 7.71 earnings per share for the current year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of LBRDK. Resonant Capital Advisors LLC lifted its position in shares of Liberty Broadband by 3.1% during the first quarter. Resonant Capital Advisors LLC now owns 4,197 shares of the company's stock worth $357,000 after purchasing an additional 126 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Liberty Broadband by 0.5% in the fourth quarter. Ameriprise Financial Inc. now owns 27,909 shares of the company's stock valued at $2,086,000 after purchasing an additional 131 shares during the last quarter. CWM LLC increased its stake in Liberty Broadband by 6.4% in the first quarter. CWM LLC now owns 2,309 shares of the company's stock valued at $196,000 after purchasing an additional 138 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in Liberty Broadband by 61.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 406 shares of the company's stock valued at $30,000 after purchasing an additional 154 shares during the last quarter. Finally, Integrated Wealth Concepts LLC increased its stake in Liberty Broadband by 4.4% in the first quarter. Integrated Wealth Concepts LLC now owns 4,092 shares of the company's stock valued at $348,000 after purchasing an additional 174 shares during the last quarter. Institutional investors and hedge funds own 80.22% of the company's stock.
Liberty Broadband Company Profile
(
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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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