Liberty Broadband (NASDAQ:LBRDK) Sets New 12-Month High – What’s Next?

Shares of Liberty Broadband Co. (NASDAQ:LBRDK) hit a new 52-week high on Friday . The stock traded as high as $104.00 and last traded at $102.01, with a volume of 908347 shares traded. The stock had previously closed at $97.31.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Liberty Broadband in a research note on Friday. They set a “sell” rating for the company.

Liberty Broadband Trading Up 4.1%

The business has a fifty day moving average price of $84.41 and a two-hundred day moving average price of $82.79. The firm has a market capitalization of $14.51 billion, a PE ratio of 18.65 and a beta of 1.02. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40.

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

Hedge Funds Weigh In On Liberty Broadband

Hedge funds and other institutional investors have recently bought and sold shares of the company. Barclays PLC raised its position in Liberty Broadband by 6.4% in the 3rd quarter. Barclays PLC now owns 6,899,331 shares of the company’s stock valued at $533,251,000 after purchasing an additional 415,496 shares in the last quarter. ABC Arbitrage SA acquired a new position in Liberty Broadband during the fourth quarter worth $563,000. Canada Pension Plan Investment Board grew its holdings in Liberty Broadband by 331.4% during the fourth quarter. Canada Pension Plan Investment Board now owns 228,200 shares of the company’s stock worth $17,060,000 after acquiring an additional 175,300 shares during the period. Wolverine Asset Management LLC grew its holdings in Liberty Broadband by 458.8% in the fourth quarter. Wolverine Asset Management LLC now owns 9,499 shares of the company’s stock valued at $710,000 after purchasing an additional 7,799 shares during the last quarter. Finally, Investment Management Associates Inc. ADV grew its holdings in Liberty Broadband by 2.1% in the fourth quarter. Investment Management Associates Inc. ADV now owns 223,440 shares of the company’s stock valued at $16,704,000 after purchasing an additional 4,640 shares during the last quarter. 80.22% of the stock is currently owned by hedge funds and other institutional investors.

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.