Liberty Broadband (NASDAQ:LBRDA) Sets New 12-Month Low – Here’s What Happened

Liberty Broadband Corporation (NASDAQ:LBRDA) reached a new 52-week low during trading on Thursday . The stock traded as low as $42.69 and last traded at $43.57, with a volume of 156240 shares traded. The stock had previously closed at $42.80.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Liberty Broadband in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $115.00.

Liberty Broadband Trading Down 0.4%

The business’s 50 day moving average price is $46.95 and its two-hundred day moving average price is $57.76. 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 company has a market capitalization of $6.39 billion, a price-to-earnings ratio of 8.06 and a beta of 0.99.

Liberty Broadband (NASDAQ:LBRDA) last announced its earnings results on Wednesday, November 5th. The company reported $1.77 EPS for the quarter, topping 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 Buying and Selling at Liberty Broadband

In related news, Director J David Wargo sold 2,889 shares of the firm’s stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $47.10, for a total transaction of $136,071.90. Following the completion of the transaction, the director owned 31,542 shares of the company’s stock, valued at $1,485,628.20. This trade represents a 8.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 11.59% of the stock is currently owned by company insiders.

Institutional Trading of Liberty Broadband

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in Liberty Broadband by 0.7% in the third quarter. Vanguard Group Inc. now owns 1,588,530 shares of the company’s stock worth $100,602,000 after buying an additional 11,709 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Liberty Broadband by 2.4% during the 3rd 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 grew its holdings in shares of Liberty Broadband by 31.4% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 467,550 shares of the company’s stock worth $45,736,000 after acquiring an additional 111,853 shares during the last quarter. Whitebox Advisors LLC raised its position in shares of Liberty Broadband by 1.4% during the second quarter. Whitebox Advisors LLC now owns 348,076 shares of the company’s stock worth $34,049,000 after purchasing an additional 4,825 shares during the period. Finally, Squarepoint Ops LLC lifted its holdings in shares of Liberty Broadband by 364.1% during the third quarter. Squarepoint Ops LLC now owns 322,751 shares of the company’s stock valued at $20,440,000 after purchasing an additional 253,211 shares during the last quarter. 10.29% of the stock is currently owned by institutional investors.

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.