Liberty Broadband (NASDAQ:LBRDA) Sees Unusually-High Trading Volume – What’s Next?

Liberty Broadband Co. (NASDAQ:LBRDA) saw an uptick in trading volume on Friday . 216,119 shares changed hands during trading, an increase of 38% from the previous session’s volume of 156,200 shares.The stock last traded at $100.76 and had previously closed at $96.25.

Analysts Set New Price Targets

Separately, Benchmark cut their price target on shares of Liberty Broadband from $130.00 to $115.00 and set a “buy” rating on the stock in a research note on Monday, March 31st. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Liberty Broadband presently has an average rating of “Hold” and an average price target of $86.20.

Liberty Broadband Price Performance

The stock’s 50 day moving average is $83.52 and its two-hundred day moving average is $82.05. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07. The stock has a market capitalization of $14.36 billion, a PE ratio of 18.45 and a beta of 1.02.

Liberty Broadband (NASDAQ:LBRDA) last released its earnings results on Wednesday, May 7th. The company reported $1.87 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.67. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The firm had revenue of $266.00 million for the quarter, compared to analyst estimates of $248.60 million.

Institutional Trading of Liberty Broadband

A number of large investors have recently made changes to their positions in the company. Aristeia Capital L.L.C. increased its stake in Liberty Broadband by 9.1% in the fourth quarter. Aristeia Capital L.L.C. now owns 1,675,445 shares of the company’s stock valued at $124,586,000 after purchasing an additional 139,186 shares during the last quarter. Vanguard Group Inc. increased its stake in Liberty Broadband by 4.1% in the first quarter. Vanguard Group Inc. now owns 1,523,068 shares of the company’s stock valued at $129,461,000 after purchasing an additional 60,274 shares during the last quarter. JNE Partners LLP purchased a new position in Liberty Broadband in the fourth quarter valued at approximately $47,230,000. Wealthfront Advisers LLC purchased a new position in Liberty Broadband in the fourth quarter valued at approximately $35,441,000. Finally, Seizert Capital Partners LLC increased its stake in Liberty Broadband by 12.0% in the first quarter. Seizert Capital Partners LLC now owns 474,628 shares of the company’s stock valued at $40,343,000 after purchasing an additional 50,733 shares during the last quarter. 10.29% of the stock is currently owned by hedge funds and other institutional investors.

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. Its Charter segment offers subscription-based Internet and video services, and mobile and voice services; and state-of-the-art residential and business services, which includes Spectrum Internet, TV, mobile and voice for small and medium-sized companies; Spectrum Business provides a suite of broadband products and services for businesses and government application; Spectrum Enterprise offers customized fiber-based solutions; Spectrum Reach provides advertising and production for the modern media landscape.