Liberty Broadband (NASDAQ:LBRDK) Shares Gap Up – Still a Buy?

Liberty Broadband Co. (NASDAQ:LBRDK) shares gapped up prior to trading on Friday . The stock had previously closed at $77.36, but opened at $79.83. Liberty Broadband shares last traded at $82.80, with a volume of 169,253 shares trading hands.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Liberty Broadband in a report on Tuesday, April 22nd. They set a “sell” rating on the stock.

Liberty Broadband Stock Performance

The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. The stock has a market cap of $12.36 billion, a PE ratio of 15.88 and a beta of 1.03. The firm’s 50-day moving average is $81.44 and its 200 day moving average is $81.49.

Liberty Broadband (NASDAQ:LBRDK) last announced its earnings results on Thursday, February 27th. The company reported $2.04 earnings per share for the quarter, missing the consensus estimate of $3.67 by ($1.63). The business had revenue of $253.00 million for the quarter, compared to analyst estimates of $252.50 million. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. As a group, research analysts anticipate that Liberty Broadband Co. will post 7.71 EPS for the current year.

Institutional Investors Weigh In On Liberty Broadband

Several hedge funds have recently modified their holdings of LBRDK. Vanguard Group Inc. increased its position in Liberty Broadband by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 11,064,423 shares of the company’s stock worth $827,176,000 after purchasing an additional 95,599 shares during the period. Barclays PLC boosted its stake in shares of Liberty Broadband by 6.4% in the third quarter. Barclays PLC now owns 6,899,331 shares of the company’s stock valued at $533,251,000 after buying an additional 415,496 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in Liberty Broadband by 23.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 3,585,407 shares of the company’s stock worth $268,045,000 after acquiring an additional 686,089 shares during the period. Deutsche Bank AG raised its position in Liberty Broadband by 125.6% in the fourth 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 in the last quarter. Finally, Finepoint Capital LP lifted its holdings in Liberty Broadband by 1.1% in the fourth quarter. Finepoint Capital LP now owns 2,015,710 shares of the company’s stock valued at $150,694,000 after acquiring an additional 21,200 shares during the period. 80.22% of the stock is owned by institutional investors and hedge funds.

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.