Liberty Broadband (NASDAQ:LBRDA) Sets New 52-Week Low at $48.04

Liberty Broadband Co. (NASDAQ:LBRDA)’s share price reached a new 52-week low on Tuesday . The stock traded as low as $48.04 and last traded at $48.09, with a volume of 5235 shares. The stock had previously closed at $48.43.

Liberty Broadband Stock Up 0.3 %

The firm’s 50 day moving average is $56.70 and its two-hundred day moving average is $72.77. The firm has a market cap of $6.93 billion, a P/E ratio of 10.38, a price-to-earnings-growth ratio of 0.10 and a beta of 0.98. 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:LBRDA) last released its quarterly earnings data on Friday, February 16th. The company reported $1.39 earnings per share for the quarter. Liberty Broadband had a net margin of 70.13% and a return on equity of 7.76%. The business had revenue of $250.00 million for the quarter, compared to analyst estimates of $250.00 million. As a group, research analysts anticipate that Liberty Broadband Co. will post 12.03 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director J David Wargo sold 9,000 shares of Liberty Broadband stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $56.80, for a total transaction of $511,200.00. Following the transaction, the director now owns 97,332 shares of the company’s stock, valued at approximately $5,528,457.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 45,000 shares of company stock valued at $2,435,830 in the last 90 days. 19.65% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of LBRDA. FMR LLC raised its holdings in shares of Liberty Broadband by 28.8% in the third quarter. FMR LLC now owns 2,173,718 shares of the company’s stock valued at $197,613,000 after purchasing an additional 486,458 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Liberty Broadband by 2.0% in the first quarter. Vanguard Group Inc. now owns 1,787,937 shares of the company’s stock valued at $234,327,000 after purchasing an additional 34,748 shares during the last quarter. Aristeia Capital LLC raised its holdings in shares of Liberty Broadband by 7.1% in the third quarter. Aristeia Capital LLC now owns 1,467,991 shares of the company’s stock valued at $133,455,000 after purchasing an additional 97,010 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Liberty Broadband by 4.0% in the first quarter. BlackRock Inc. now owns 1,142,828 shares of the company’s stock valued at $149,778,000 after purchasing an additional 43,893 shares during the last quarter. Finally, Seizert Capital Partners LLC raised its holdings in shares of Liberty Broadband by 2.0% in the third quarter. Seizert Capital Partners LLC now owns 401,132 shares of the company’s stock valued at $36,467,000 after purchasing an additional 7,824 shares during the last quarter. Institutional investors own 10.29% of the company’s stock.

Liberty Broadband Company Profile

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.