Liberty Broadband (NASDAQ:LBRDK) Reaches New 12-Month Low – Should You Sell?

Liberty Broadband Corporation (NASDAQ:LBRDK)’s share price reached a new 52-week low during trading on Thursday . The company traded as low as $42.81 and last traded at $43.72, with a volume of 1020143 shares. The stock had previously closed at $42.91.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Liberty Broadband in a report on Monday, December 29th. Wall Street Zen cut Liberty Broadband from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Liberty Broadband has an average rating of “Sell”.

Liberty Broadband Stock Performance

The firm has a fifty day simple moving average of $47.12 and a 200 day simple moving average of $57.99. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.19. The stock has a market cap of $6.40 billion, a price-to-earnings ratio of 8.08 and a beta of 0.99.

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

Insider Transactions at Liberty Broadband

In other news, Director J David Wargo sold 2,889 shares of the stock in a transaction on Friday, December 5th. The shares were sold at an average price of $47.10, for a total value of $136,071.90. Following the completion of the transaction, the director owned 31,542 shares in the company, valued at approximately $1,485,628.20. This represents a 8.39% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 10.80% of the stock is owned by company insiders.

Institutional Trading of Liberty Broadband

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LBRDK. JPMorgan Chase & Co. lifted its stake in Liberty Broadband by 493.1% during the third quarter. JPMorgan Chase & Co. now owns 2,270,557 shares of the company’s stock worth $144,271,000 after purchasing an additional 1,887,742 shares during the period. Norges Bank acquired a new position in shares of Liberty Broadband in the 2nd quarter worth approximately $137,249,000. Assenagon Asset Management S.A. raised its holdings in shares of Liberty Broadband by 58.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,793,954 shares of the company’s stock worth $135,786,000 after buying an additional 1,035,126 shares in the last quarter. Balyasny Asset Management L.P. bought a new position in shares of Liberty Broadband during the 3rd quarter worth approximately $52,032,000. Finally, Marshall Wace LLP boosted its stake in Liberty Broadband by 475.3% in the 3rd quarter. Marshall Wace LLP now owns 942,375 shares of the company’s stock valued at $59,879,000 after buying an additional 778,580 shares in the last quarter. Institutional investors own 80.22% of the company’s stock.

Liberty Broadband Company Profile

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.