Liberty Broadband (NASDAQ:LBRDA) Shares Cross Below Fifty Day Moving Average – Should You Sell?

Liberty Broadband Corporation (NASDAQ:LBRDA)’s share price crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $50.23 and traded as low as $47.77. Liberty Broadband shares last traded at $48.03, with a volume of 162,062 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Liberty Broadband in a report on Monday, December 15th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $115.00.

Liberty Broadband Stock Performance

The stock has a market cap of $6.89 billion, a price-to-earnings ratio of 8.70 and a beta of 0.99. The company’s 50 day simple moving average is $50.23 and its 200 day simple moving average is $65.21. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.24 and a current ratio of 0.24.

Liberty Broadband (NASDAQ:LBRDA) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.57. Liberty Broadband had a net margin of 103.04% and a return on equity of 12.23%.

Insider Activity

In other news, Director J David Wargo sold 2,889 shares of the business’s stock in a transaction on Friday, December 5th. The stock was sold at an average price of $47.10, for a total value of $136,071.90. Following the sale, the director owned 31,542 shares of the company’s stock, valued at approximately $1,485,628.20. The trade was a 8.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 11.59% of the company’s stock.

Institutional Investors Weigh In On Liberty Broadband

Hedge funds and other institutional investors have recently bought and sold shares of the business. Deutsche Bank AG lifted its holdings in Liberty Broadband by 7.1% in the 1st quarter. Deutsche Bank AG now owns 3,598 shares of the company’s stock valued at $306,000 after acquiring an additional 238 shares during the last quarter. Nuveen LLC bought a new stake in shares of Liberty Broadband in the 1st quarter worth approximately $2,688,000. American Century Companies Inc. lifted its stake in Liberty Broadband by 4.4% during the first quarter. American Century Companies Inc. now owns 3,188 shares of the company’s stock valued at $271,000 after purchasing an additional 135 shares during the last quarter. Comerica Bank boosted its holdings in Liberty Broadband by 28.0% during the first quarter. Comerica Bank now owns 8,962 shares of the company’s stock worth $762,000 after buying an additional 1,961 shares in the last quarter. Finally, Westchester Capital Management LLC acquired a new position in Liberty Broadband in the first quarter worth approximately $19,622,000. 10.29% of the stock is currently owned by institutional investors.

Liberty Broadband Company Profile

Liberty Broadband Corporation is a holding company primarily focused on investments in broadband businesses, most notably a significant equity interest in Charter Communications, Inc As a shareholder of Charter’s Class A common stock, Liberty Broadband benefits from the growth and operational performance of one of the largest cable and broadband providers in the United States. The company does not operate consumer services directly but instead seeks to enhance shareholder value through its strategic stake and board representation in Charter.

In addition to its Charter position, Liberty Broadband holds an ownership interest in GCI Liberty, Inc, a holding company with interests in an Alaskan telecommunications provider and other media assets.