Liberty Broadband (NASDAQ:LBRDA) Shares Gap Up – What’s Next?

Liberty Broadband Corporation (NASDAQ:LBRDA) shares gapped up prior to trading on Friday . The stock had previously closed at $44.55, but opened at $47.64. Liberty Broadband shares last traded at $48.0730, with a volume of 27,749 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Liberty Broadband in a report 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 company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $115.00.

Liberty Broadband Price Performance

The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.24 and a current ratio of 0.24. The firm has a fifty day simple moving average of $46.82 and a two-hundred day simple moving average of $55.72. The firm has a market cap of $6.89 billion, a PE ratio of 8.70 and a beta of 0.99.

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 return on equity of 12.23% and a net margin of 103.04%.

Insider Transactions at Liberty Broadband

In other Liberty Broadband 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 approximately $1,485,628.20. The trade was a 8.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.59% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in LBRDA. Comerica Bank boosted its stake in shares of Liberty Broadband by 104.2% in the fourth quarter. Comerica Bank now owns 1,027 shares of the company’s stock worth $50,000 after acquiring an additional 524 shares during the last quarter. UBS Group AG lifted its holdings in Liberty Broadband by 390.6% in the 4th quarter. UBS Group AG now owns 222,860 shares of the company’s stock valued at $10,760,000 after purchasing an additional 177,431 shares in the last quarter. Vanguard Group Inc. boosted its stake in Liberty Broadband by 5.7% during the 4th quarter. Vanguard Group Inc. now owns 1,679,806 shares of the company’s stock worth $81,101,000 after purchasing an additional 91,276 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Liberty Broadband by 46.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,535 shares of the company’s stock worth $219,000 after buying an additional 1,438 shares in the last quarter. Finally, CWM LLC grew its holdings in shares of Liberty Broadband by 223.4% during the fourth quarter. CWM LLC now owns 3,612 shares of the company’s stock worth $174,000 after buying an additional 2,495 shares in the last quarter. 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.