Short Interest in Liberty Broadband Co. (NASDAQ:LBRDA) Declines By 6.4%

Liberty Broadband Co. (NASDAQ:LBRDA) was the target of a large decrease in short interest in March. As of March 31st, there was short interest totalling 148,900 shares, a decrease of 6.4% from the March 15th total of 159,100 shares. Currently, 0.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 151,400 shares, the short-interest ratio is currently 1.0 days.

Insider Buying and Selling

In other Liberty Broadband news, Director J David Wargo sold 11,000 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $57.33, for a total value of $630,630.00. Following the completion of the transaction, the director now directly owns 106,332 shares of the company’s stock, valued at $6,096,013.56. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold a total of 45,000 shares of company stock worth $2,435,830 in the last 90 days. Corporate insiders own 19.65% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Principal Securities Inc. bought a new stake in Liberty Broadband in the fourth quarter valued at approximately $51,000. Prudential PLC bought a new stake in shares of Liberty Broadband in the 1st quarter valued at $58,000. MetLife Investment Management LLC acquired a new stake in Liberty Broadband during the 1st quarter worth $61,000. Point72 Middle East FZE bought a new position in Liberty Broadband during the fourth quarter worth about $89,000. Finally, Citigroup Inc. grew its stake in Liberty Broadband by 111.5% in the second quarter. Citigroup Inc. now owns 1,180 shares of the company’s stock valued at $94,000 after acquiring an additional 622 shares during the period. 10.29% of the stock is currently owned by institutional investors.

Liberty Broadband Stock Performance

Liberty Broadband stock opened at $48.43 on Tuesday. Liberty Broadband has a 1 year low of $48.04 and a 1 year high of $95.61. The company’s 50-day moving average is $57.22 and its two-hundred day moving average is $73.24. 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 company has a market cap of $6.92 billion, a PE ratio of 10.37, a PEG ratio of 0.10 and a beta of 0.98.

Liberty Broadband (NASDAQ:LBRDA) last announced its quarterly earnings data on Friday, February 16th. The company reported $1.39 earnings per share (EPS) for the quarter. The firm had revenue of $250.00 million for the quarter, compared to analysts’ expectations of $250.00 million. Liberty Broadband had a net margin of 70.13% and a return on equity of 7.76%. Equities analysts anticipate that Liberty Broadband will post 12.03 earnings per share for the current year.

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.