Liberty Broadband (NASDAQ:LBRDA) Hits New 1-Year Low – Here’s Why

Liberty Broadband Corporation (NASDAQ:LBRDA) shares reached a new 52-week low during trading on Monday . The stock traded as low as $45.91 and last traded at $46.7950, with a volume of 101684 shares traded. The stock had previously closed at $47.09.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Liberty Broadband in a report on Wednesday. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Liberty Broadband presently has a consensus rating of “Hold” and an average target price of $115.00.

Liberty Broadband Stock Up 2.0%

The company has a debt-to-equity ratio of 0.19, a current ratio of 0.24 and a quick ratio of 0.24. The business’s fifty day moving average price is $57.74 and its two-hundred day moving average price is $73.81. The stock has a market capitalization of $6.83 billion, a PE ratio of 8.63 and a beta of 1.01.

Liberty Broadband (NASDAQ:LBRDA) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $1.77 earnings per share (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%.

Liberty Broadband Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Tuesday, September 30th were given a dividend of $0.4375 per share. This represents a $1.75 annualized dividend and a yield of 3.7%.

Hedge Funds Weigh In On Liberty Broadband

Several institutional investors have recently made changes to their positions in LBRDA. GAMMA Investing LLC raised its holdings in Liberty Broadband by 21.2% in the 2nd quarter. GAMMA Investing LLC now owns 698 shares of the company’s stock worth $68,000 after purchasing an additional 122 shares during the period. American Century Companies Inc. raised its holdings in Liberty Broadband by 4.4% in the 1st quarter. American Century Companies Inc. now owns 3,188 shares of the company’s stock valued at $271,000 after acquiring an additional 135 shares during the last quarter. Parallel Advisors LLC boosted its holdings in shares of Liberty Broadband by 10.8% during the 2nd quarter. Parallel Advisors LLC now owns 1,798 shares of the company’s stock worth $176,000 after purchasing an additional 175 shares during the last quarter. Inspire Investing LLC boosted its stake in Liberty Broadband by 5.1% during the first quarter. Inspire Investing LLC now owns 3,660 shares of the company’s stock worth $311,000 after buying an additional 179 shares during the last quarter. Finally, S&CO Inc. grew its holdings in shares of Liberty Broadband by 0.3% in the second quarter. S&CO Inc. now owns 81,425 shares of the company’s stock valued at $7,964,000 after purchasing an additional 220 shares during the period. 10.29% of the stock is owned by hedge funds and other institutional investors.

Liberty Broadband Company Profile

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. Its Charter segment offers subscription-based Internet and video services, and mobile and voice services; and state-of-the-art residential and business services, which includes Spectrum Internet, TV, mobile and voice for small and medium-sized companies; Spectrum Business provides a suite of broadband products and services for businesses and government application; Spectrum Enterprise offers customized fiber-based solutions; Spectrum Reach provides advertising and production for the modern media landscape.