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

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

Liberty Broadband Stock Performance

Shares of Liberty Broadband stock opened at $97.31 on Friday. The firm has a market capitalization of $13.94 billion, a P/E ratio of 17.92 and a beta of 1.02. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. Liberty Broadband has a 52 week low of $49.38 and a 52 week high of $101.50. The firm’s 50 day moving average is $84.01 and its two-hundred day moving average is $82.64.

Liberty Broadband (NASDAQ:LBRDK) last posted its earnings results on Wednesday, May 7th. The company reported $1.87 EPS for the quarter. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The firm had revenue of $256.00 million for the quarter. Research analysts forecast that Liberty Broadband will post 7.71 EPS for the current fiscal year.

Institutional Investors Weigh In On Liberty Broadband

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Barclays PLC grew its position in shares of Liberty Broadband by 6.4% during the third quarter. Barclays PLC now owns 6,899,331 shares of the company’s stock worth $533,251,000 after acquiring an additional 415,496 shares during the last quarter. Oak Thistle LLC boosted its stake in Liberty Broadband by 146.1% during the 4th quarter. Oak Thistle LLC now owns 7,020 shares of the company’s stock worth $525,000 after purchasing an additional 4,167 shares during the period. Empirical Asset Management LLC purchased a new position in Liberty Broadband during the 4th quarter worth $3,817,000. MassMutual Private Wealth & Trust FSB increased its stake in Liberty Broadband by 28,620.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,436 shares of the company’s stock valued at $107,000 after purchasing an additional 1,431 shares during the period. Finally, Atomi Financial Group Inc. purchased a new stake in shares of Liberty Broadband in the fourth quarter valued at about $210,000. Hedge funds and other institutional investors own 80.22% 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.