Liberty Broadband (NASDAQ:LBRDA) Share Price Crosses Above 50 Day Moving Average – What’s Next?

Liberty Broadband Corporation (NASDAQ:LBRDA)’s stock price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $47.82 and traded as high as $49.25. Liberty Broadband shares last traded at $48.91, with a volume of 168,438 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Liberty Broadband in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $115.00.

Liberty Broadband Stock Performance

The company has a market cap of $7.02 billion, a P/E ratio of 8.86 and a beta of 0.99. The business has a 50 day moving average price of $47.82 and a two-hundred day moving average price of $61.38. 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 results on Wednesday, November 5th. The company reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.57. Liberty Broadband had a return on equity of 12.23% and a net margin of 103.04%.

Insider Activity at Liberty Broadband

In related news, Director J David Wargo sold 2,889 shares of Liberty Broadband stock in a transaction 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 transaction, the director directly owned 31,542 shares of the company’s stock, valued at $1,485,628.20. The trade was a 8.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 11.59% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Liberty Broadband

Hedge funds have recently modified their holdings of the company. AQR Capital Management LLC increased its holdings in Liberty Broadband by 35.0% during the 1st quarter. AQR Capital Management LLC now owns 16,572 shares of the company’s stock valued at $1,409,000 after purchasing an additional 4,298 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Liberty Broadband by 1.2% during the first quarter. Goldman Sachs Group Inc. now owns 25,897 shares of the company’s stock valued at $2,201,000 after purchasing an additional 319 shares during the last quarter. Empowered Funds LLC purchased a new position in Liberty Broadband during the first quarter valued at $304,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Liberty Broadband by 4.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 40,796 shares of the company’s stock worth $3,468,000 after purchasing an additional 1,731 shares during the last quarter. Finally, Strs Ohio purchased a new position in Liberty Broadband in the first quarter worth about $1,741,000. Hedge funds and other institutional investors own 10.29% of the company’s stock.

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.