Liberty Broadband (NASDAQ:LBRDK) Reaches New 12-Month Low at $48.24

Liberty Broadband Co. (NASDAQ:LBRDK) shares reached a new 52-week low during trading on Monday . The stock traded as low as $48.24 and last traded at $48.47, with a volume of 31502 shares traded. The stock had previously closed at $48.58.

Analyst Ratings Changes

Separately, Citigroup reduced their price target on Liberty Broadband from $108.00 to $83.00 and set a “buy” rating for the company in a research report on Wednesday, February 7th.

Liberty Broadband Stock Down 0.2 %

The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 0.42. The stock has a market cap of $6.89 billion, a PE ratio of 10.32 and a beta of 0.96. The business has a 50 day moving average price of $56.99 and a 200 day moving average price of $73.07.

Liberty Broadband (NASDAQ:LBRDK) last issued its earnings results on Friday, February 16th. The company reported $1.39 EPS for the quarter, missing analysts’ consensus estimates of $2.62 by ($1.23). Liberty Broadband had a return on equity of 7.76% and a net margin of 70.13%. The company had revenue of $250.00 million during the quarter, compared to analysts’ expectations of $227.82 million. Equities research analysts expect that Liberty Broadband Co. will post 10.14 EPS for the current fiscal year.

Insider Transactions at Liberty Broadband

In related news, Director J David Wargo sold 11,000 shares of the company’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $57.33, for a total value of $630,630.00. Following the completion of the transaction, the director now owns 106,332 shares of the company’s stock, valued at approximately $6,096,013.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 45,000 shares of company stock worth $2,435,830 over the last quarter. 10.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Liberty Broadband

A number of large investors have recently bought and sold shares of LBRDK. Barclays PLC raised its holdings in shares of Liberty Broadband by 315.0% during the third quarter. Barclays PLC now owns 2,675,919 shares of the company’s stock valued at $244,364,000 after acquiring an additional 2,031,168 shares during the last quarter. UBS Group AG increased its holdings in shares of Liberty Broadband by 21.7% in the third quarter. UBS Group AG now owns 8,626,349 shares of the company’s stock valued at $787,758,000 after purchasing an additional 1,536,718 shares during the last quarter. Norges Bank acquired a new stake in shares of Liberty Broadband in the fourth quarter valued at approximately $114,084,000. Dorsal Capital Management LLC increased its holdings in shares of Liberty Broadband by 108.3% in the fourth quarter. Dorsal Capital Management LLC now owns 2,500,000 shares of the company’s stock valued at $190,675,000 after purchasing an additional 1,300,000 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in shares of Liberty Broadband by 179.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,334,499 shares of the company’s stock valued at $107,547,000 after purchasing an additional 857,187 shares during the last quarter. Institutional investors and hedge funds own 80.22% of the company’s stock.

About Liberty Broadband

Liberty Broadband Corporation engages in the communications businesses. The company's GCI Holdings segment provides data, wireless, video, voice, and managed services to residential customers, businesses, governmental entities, educational, and medical institutions in Alaska under the GCI brand.