Liberty Broadband (NASDAQ:LBRDK) Stock Price Crosses Below Fifty Day Moving Average – Here’s What Happened

Liberty Broadband Corporation (NASDAQ:LBRDK)’s stock price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $49.90 and traded as low as $47.72. Liberty Broadband shares last traded at $48.46, with a volume of 375,513 shares trading hands.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on LBRDK shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Liberty Broadband in a report on Monday. Wall Street Zen lowered Liberty Broadband from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

Liberty Broadband Stock Up 1.4%

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 $6.95 billion, a price-to-earnings ratio of 8.78 and a beta of 1.00. The firm’s 50-day simple moving average is $49.90 and its two-hundred day simple moving average is $65.09.

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

Insider Transactions at Liberty Broadband

In other Liberty Broadband news, Director J David Wargo sold 2,889 shares of the stock in a transaction on Friday, December 5th. The stock was 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 in the company, valued at approximately $1,485,628.20. This trade represents a 8.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 10.80% of the company’s stock.

Institutional Investors Weigh In On Liberty Broadband

Institutional investors and hedge funds have recently made changes to their positions in the company. Parkside Financial Bank & Trust boosted its holdings in 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 during the last quarter. Assetmark Inc. boosted its stake in shares of Liberty Broadband by 1,054.1% in the 2nd quarter. Assetmark Inc. now owns 427 shares of the company’s stock valued at $42,000 after purchasing an additional 390 shares during the last quarter. Fortitude Family Office LLC bought a new position in shares of Liberty Broadband in the 2nd quarter valued at about $48,000. GAMMA Investing LLC grew its position in shares of Liberty Broadband by 39.2% during the 2nd quarter. GAMMA Investing LLC now owns 589 shares of the company’s stock worth $58,000 after buying an additional 166 shares during the period. Finally, Johnson Financial Group Inc. bought a new stake in shares of Liberty Broadband during the third quarter worth approximately $42,000. Institutional investors own 80.22% of the company’s stock.

About Liberty Broadband

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.