StockNews.com Begins Coverage on Liberty Broadband (NASDAQ:LBRDK)

Research analysts at StockNews.com initiated coverage on shares of Liberty Broadband (NASDAQ:LBRDK) in a note issued to investors on Wednesday. The brokerage set a “sell” rating on the stock.

Liberty Broadband Price Performance

Shares of NASDAQ:LBRDK opened at $88.96 on Wednesday. The business’s fifty day moving average price is $82.01 and its two-hundred day moving average price is $81.73. The stock has a market cap of $12.75 billion, a PE ratio of 16.38 and a beta of 1.03. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. Liberty Broadband has a one year low of $49.38 and a one year high of $101.50.

Liberty Broadband (NASDAQ:LBRDK) last announced its quarterly earnings data 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 company had revenue of $253.00 million for the quarter, compared to analysts’ expectations of $252.50 million. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. On average, analysts forecast that Liberty Broadband will post 7.71 EPS for the current fiscal year.

Hedge Funds Weigh In On Liberty Broadband

Hedge funds have recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC raised its stake in shares of Liberty Broadband by 61.1% during 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 in the last quarter. Blue Trust Inc. raised its position in shares of Liberty Broadband by 134.3% during the 4th quarter. Blue Trust Inc. now owns 464 shares of the company’s stock worth $36,000 after buying an additional 266 shares in the last quarter. Jones Financial Companies Lllp raised its position in shares of Liberty Broadband by 138.0% during the 4th quarter. Jones Financial Companies Lllp now owns 488 shares of the company’s stock worth $36,000 after buying an additional 283 shares in the last quarter. Lee Danner & Bass Inc. acquired a new stake in shares of Liberty Broadband in the 4th quarter worth approximately $36,000. Finally, R Squared Ltd acquired a new stake in shares of Liberty Broadband in the 4th quarter worth approximately $37,000. Institutional investors and hedge funds own 80.22% of the company’s stock.

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.