Liberty Broadband (NASDAQ:LBRDK) Stock Passes Below Fifty Day Moving Average – Should You Sell?

Liberty Broadband Corporation (NASDAQ:LBRDK) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $48.66 and traded as low as $48.30. Liberty Broadband shares last traded at $48.74, with a volume of 1,922,250 shares changing hands.

Analysts Set New Price Targets

Several brokerages recently issued reports on LBRDK. Weiss Ratings restated a “sell (d)” rating on shares of Liberty Broadband in a research note on Monday. Wall Street Zen downgraded shares of Liberty Broadband from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Liberty Broadband Price Performance

The company has a debt-to-equity ratio of 0.19, a current ratio of 0.24 and a quick ratio of 0.24. The stock has a market capitalization of $6.99 billion, a price-to-earnings ratio of 8.83 and a beta of 0.99. The company has a 50-day simple moving average of $48.66 and a two-hundred day simple moving average of $63.11.

Liberty Broadband (NASDAQ:LBRDK) last released its quarterly earnings results on Wednesday, November 5th. The company reported $1.77 EPS for the quarter, topping the consensus estimate of $1.20 by $0.57. Liberty Broadband had a net margin of 105.04% and a return on equity of 12.23%. The business had revenue of $257.00 million during the quarter, compared to analyst estimates of $267.70 million. On average, equities research analysts predict that Liberty Broadband Corporation will post 7.71 earnings per share for the current year.

Insider Buying and Selling

In other Liberty Broadband news, Director J David Wargo sold 2,889 shares of the firm’s stock in a transaction that occurred on Friday, December 5th. The shares were 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 in the company, valued at approximately $1,485,628.20. This trade represents a 8.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 10.80% of the company’s stock.

Institutional Trading of Liberty Broadband

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Parkside Financial Bank & Trust boosted its holdings in shares of Liberty Broadband by 195.1% in the second quarter. Parkside Financial Bank & Trust now owns 360 shares of the company’s stock valued at $35,000 after acquiring an additional 238 shares in the last quarter. Assetmark Inc. lifted its position in Liberty Broadband by 1,054.1% in the second quarter. Assetmark Inc. now owns 427 shares of the company’s stock worth $42,000 after purchasing an additional 390 shares during the period. Johnson Financial Group Inc. bought a new position in Liberty Broadband during the 3rd quarter valued at $42,000. Mather Group LLC. acquired a new position in shares of Liberty Broadband during the 3rd quarter valued at $47,000. Finally, Fortitude Family Office LLC bought a new stake in shares of Liberty Broadband in the 2nd quarter worth $48,000. 80.22% of the stock is currently owned by institutional investors.

Liberty Broadband Company Profile

Liberty Broadband Corporation is a publicly traded holding company that principally invests in broadband and cable businesses. Established in 2014 as a spin-off from Liberty Interactive Corporation, the company was designed to provide investors with targeted exposure to high-growth broadband assets. Headquartered in Englewood, Colorado, Liberty Broadband uses a tracking-stock structure to reflect the performance of its key investments rather than operating a stand-alone service business.

The company’s primary asset is its substantial equity interest in Charter Communications, one of the largest cable and broadband providers in the United States.