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

Liberty Broadband Co. (NASDAQ:LBRDK) shares hit a new 52-week low on Monday . The company 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.

Analyst Upgrades and Downgrades

Separately, Citigroup lowered their price objective 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 stock has a fifty day simple moving average of $56.99 and a two-hundred day simple moving average of $73.07. The company has a market cap of $6.89 billion, a PE ratio of 10.32 and a beta of 0.96. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 0.42.

Liberty Broadband (NASDAQ:LBRDK) last announced its quarterly earnings results 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 return on equity of 7.76% and a net margin of 70.13%. On average, equities analysts predict that Liberty Broadband Co. will post 10.14 EPS for the current fiscal year.

Insider Transactions at Liberty Broadband

In other news, Director J David Wargo sold 9,000 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $56.80, for a total transaction of $511,200.00. Following the sale, the director now owns 97,332 shares of the company’s stock, valued at approximately $5,528,457.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 45,000 shares of company stock valued at $2,435,830 in the last quarter. 10.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of LBRDK. American Century Companies Inc. raised its position in shares of Liberty Broadband by 10.7% during the 1st quarter. American Century Companies Inc. now owns 10,278 shares of the company’s stock worth $1,391,000 after purchasing an additional 995 shares during the last quarter. MetLife Investment Management LLC acquired a new position in shares of Liberty Broadband during the 1st quarter worth approximately $382,000. Rhumbline Advisers raised its position in shares of Liberty Broadband by 1.5% during the 1st quarter. Rhumbline Advisers now owns 121,693 shares of the company’s stock worth $16,467,000 after purchasing an additional 1,842 shares during the last quarter. Aviva PLC raised its position in shares of Liberty Broadband by 59.4% during the 1st quarter. Aviva PLC now owns 83,019 shares of the company’s stock worth $11,234,000 after purchasing an additional 30,923 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Liberty Broadband by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 12,706,439 shares of the company’s stock worth $1,719,435,000 after purchasing an additional 48,029 shares during the last quarter. 80.22% of the stock is currently owned by institutional investors and hedge funds.

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.