Liberty Broadband (NASDAQ:LBRDA) Hits New 52-Week Low – What’s Next?

Shares of Liberty Broadband Corporation (NASDAQ:LBRDA) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $29.18 and last traded at $30.82, with a volume of 232930 shares traded. The stock had previously closed at $29.36.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Liberty Broadband in a report on Friday, March 27th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Liberty Broadband Stock Up 5.0%

The firm’s fifty day moving average price is $37.59 and its 200-day moving average price is $45.55. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market capitalization of $4.42 billion, a P/E ratio of -1.61 and a beta of 0.66.

Liberty Broadband (NASDAQ:LBRDA) last announced its earnings results on Tuesday, April 28th. The company reported $1.41 EPS for the quarter.

Institutional Trading of Liberty Broadband

A number of hedge funds and other institutional investors have recently modified their holdings of LBRDA. EverSource Wealth Advisors LLC lifted its holdings in shares of Liberty Broadband by 114.2% in the first quarter. EverSource Wealth Advisors LLC now owns 602 shares of the company’s stock valued at $30,000 after buying an additional 321 shares during the period. Franklin Resources Inc. raised its position in Liberty Broadband by 66.2% in the second quarter. Franklin Resources Inc. now owns 615 shares of the company’s stock worth $60,000 after acquiring an additional 245 shares in the last quarter. Comerica Bank lifted its holdings in Liberty Broadband by 104.2% in the 4th quarter. Comerica Bank now owns 1,027 shares of the company’s stock valued at $50,000 after acquiring an additional 524 shares during the last quarter. Federation des caisses Desjardins du Quebec boosted its position in shares of Liberty Broadband by 22.0% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,377 shares of the company’s stock valued at $66,000 after purchasing an additional 248 shares in the last quarter. Finally, Parallel Advisors LLC grew its stake in shares of Liberty Broadband by 388.4% in the 1st quarter. Parallel Advisors LLC now owns 2,154 shares of the company’s stock worth $108,000 after purchasing an additional 1,713 shares during the last quarter. Institutional investors 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.