Liberty Broadband (NASDAQ:LBRDA) Announces Earnings Results

Liberty Broadband (NASDAQ:LBRDA) posted its quarterly earnings data on Wednesday. The company reported ($22.21) EPS for the quarter, FiscalAI reports. Liberty Broadband had a return on equity of 12.23% and a net margin of 103.04%.

Liberty Broadband Trading Down 2.0%

Shares of LBRDA traded down $1.04 on Thursday, reaching $51.20. 103,060 shares of the company’s stock were exchanged, compared to its average volume of 177,684. The business has a 50 day moving average price of $47.09 and a two-hundred day moving average price of $54.95. Liberty Broadband has a 12 month low of $42.05 and a 12 month high of $102.38. The stock has a market capitalization of $7.35 billion, a P/E ratio of 9.28 and a beta of 0.98. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.19.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Liberty Broadband in a research report on Monday, December 29th. One investment 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 a consensus rating of “Hold” and an average price target of $115.00.

Insider Buying and Selling

In other Liberty Broadband news, Director J David Wargo sold 2,889 shares of the company’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $47.10, for a total transaction of $136,071.90. Following the completion of the sale, the director owned 31,542 shares in the company, valued at approximately $1,485,628.20. The trade was a 8.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 11.59% of the company’s stock.

Institutional Investors Weigh In On Liberty Broadband

A number of hedge funds and other institutional investors have recently bought and sold shares of LBRDA. Quent Capital LLC bought a new position in Liberty Broadband in the third quarter valued at approximately $36,000. Comerica Bank grew 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 buying an additional 524 shares in the last quarter. Franklin Resources Inc. raised its stake in Liberty Broadband by 66.2% in the 2nd quarter. Franklin Resources Inc. now owns 615 shares of the company’s stock worth $60,000 after purchasing an additional 245 shares in the last quarter. Atlantic Union Bankshares Corp bought a new stake in shares of Liberty Broadband in the third quarter valued at approximately $144,000. Finally, CIBC Private Wealth Group LLC increased its stake in Liberty Broadband by 26.4% in the third quarter. CIBC Private Wealth Group LLC now owns 2,621 shares of the company’s stock valued at $166,000 after acquiring an additional 547 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.