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

Liberty Broadband Corporation (NASDAQ:LBRDA) shares passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $48.93 and traded as low as $48.26. Liberty Broadband shares last traded at $48.62, with a volume of 112,217 shares trading hands.

Analyst Upgrades and Downgrades

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

Liberty Broadband Stock Performance

The stock’s 50-day moving average price is $48.93 and its 200 day moving average price is $63.31. The firm has a market cap of $6.98 billion, a P/E ratio of 8.81 and a beta of 0.99. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.24 and a quick ratio of 0.24.

Liberty Broadband (NASDAQ:LBRDA) last released its earnings results on Wednesday, November 5th. The company reported $1.77 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.57. Liberty Broadband had a net margin of 103.04% and a return on equity of 12.23%.

Insider Activity

In related news, Director J David Wargo sold 2,889 shares of Liberty Broadband 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 sale, the director 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 11.59% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in LBRDA. Vanguard Group Inc. boosted its holdings in shares of Liberty Broadband by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 1,588,530 shares of the company’s stock valued at $100,602,000 after buying an additional 11,709 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Liberty Broadband by 2.4% during the third quarter. Dimensional Fund Advisors LP now owns 496,391 shares of the company’s stock worth $31,436,000 after acquiring an additional 11,789 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Liberty Broadband by 31.4% in the second quarter. Arrowstreet Capital Limited Partnership now owns 467,550 shares of the company’s stock valued at $45,736,000 after acquiring an additional 111,853 shares during the last quarter. Whitebox Advisors LLC grew its position in shares of Liberty Broadband by 1.4% in 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 during the period. Finally, Squarepoint Ops LLC increased its stake in shares of Liberty Broadband by 364.1% during the 3rd quarter. Squarepoint Ops LLC now owns 322,751 shares of the company’s stock worth $20,440,000 after purchasing an additional 253,211 shares during 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.