Liberty Broadband (NASDAQ:LBRDA) Reaches New 1-Year Low at $47.17

Liberty Broadband Co. (NASDAQ:LBRDA)’s share price reached a new 52-week low during trading on Friday . The company traded as low as $47.17 and last traded at $48.53, with a volume of 86792 shares traded. The stock had previously closed at $49.62.

Liberty Broadband Price Performance

The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.42 and a current ratio of 2.42. The company has a market cap of $7.08 billion, a price-to-earnings ratio of 10.61, a PEG ratio of 0.10 and a beta of 0.98. The business has a fifty day moving average price of $55.21 and a 200 day moving average price of $70.81.

Liberty Broadband (NASDAQ:LBRDA) last issued its earnings results on Friday, February 16th. The company reported $1.39 earnings per share (EPS) for the quarter. Liberty Broadband had a return on equity of 7.76% and a net margin of 70.13%. The business had revenue of $250.00 million during the quarter, compared to analysts’ expectations of $250.00 million. As a group, research analysts anticipate that Liberty Broadband Co. will post 12.03 earnings per share for the current year.

Insiders Place Their Bets

In other Liberty Broadband news, Director J David Wargo sold 10,000 shares of the company’s stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $51.43, for a total value of $514,300.00. Following the completion of the transaction, the director now owns 87,332 shares of the company’s stock, valued at approximately $4,491,484.76. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders sold a total of 45,000 shares of company stock valued at $2,435,830 in the last 90 days. Corporate insiders own 19.65% of the company’s stock.

Institutional Investors Weigh In On Liberty Broadband

Institutional investors have recently made changes to their positions in the stock. Principal Securities Inc. bought a new stake in shares of Liberty Broadband in the 4th quarter valued at about $51,000. Spire Wealth Management grew its position in shares of Liberty Broadband by 9,080.0% in the 1st quarter. Spire Wealth Management now owns 918 shares of the company’s stock valued at $52,000 after buying an additional 908 shares during the last quarter. Citigroup Inc. grew its position in shares of Liberty Broadband by 14.2% in the 3rd quarter. Citigroup Inc. now owns 1,348 shares of the company’s stock valued at $123,000 after buying an additional 168 shares during the last quarter. Signaturefd LLC grew its position in shares of Liberty Broadband by 32.1% in the 3rd quarter. Signaturefd LLC now owns 1,580 shares of the company’s stock valued at $144,000 after buying an additional 384 shares during the last quarter. Finally, Bfsg LLC bought a new stake in shares of Liberty Broadband in the 1st quarter valued at about $172,000. Institutional investors own 10.29% of the company’s stock.

About Liberty Broadband

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.