Liberty Broadband (NASDAQ:LBRDA) Stock Crosses Below 50 Day Moving Average – Here’s What Happened

Liberty Broadband Corporation (NASDAQ:LBRDA)’s stock price crossed below its 50 day moving average during trading on Monday . The stock has a 50 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.

Wall Street Analyst Weigh In

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

Liberty Broadband Stock Up 0.4%

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 stock has a market cap of $6.89 billion, a price-to-earnings ratio of 8.70 and a beta of 0.99. The business’s 50 day moving average is $50.23 and its 200 day moving average is $65.21.

Liberty Broadband (NASDAQ:LBRDA) last announced its earnings results 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 Transactions at Liberty Broadband

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

Hedge Funds Weigh In On Liberty Broadband

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of Liberty Broadband by 0.7% during the third quarter. Vanguard Group Inc. now owns 1,588,530 shares of the company’s stock worth $100,602,000 after purchasing an additional 11,709 shares during the period. Dimensional Fund Advisors LP lifted its position in Liberty Broadband by 2.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 496,391 shares of the company’s stock worth $31,436,000 after buying an additional 11,789 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Liberty Broadband by 31.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 467,550 shares of the company’s stock valued at $45,736,000 after buying an additional 111,853 shares during the period. Long Focus Capital Management LLC grew its holdings in shares of Liberty Broadband by 16.5% during the 1st quarter. Long Focus Capital Management LLC now owns 375,000 shares of the company’s stock valued at $31,875,000 after acquiring an additional 53,200 shares in the last quarter. Finally, Whitebox Advisors LLC grew its holdings in shares of Liberty Broadband by 1.4% during the 2nd quarter. Whitebox Advisors LLC now owns 348,076 shares of the company’s stock valued at $34,049,000 after acquiring an additional 4,825 shares in the last quarter. Institutional investors and hedge funds 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.