Liberty Broadband (NASDAQ:LBRDA) Reaches New 1-Year Low – Here’s What Happened

Shares of Liberty Broadband Corporation (NASDAQ:LBRDA) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $33.96 and last traded at $34.47, with a volume of 213830 shares trading hands. The stock had previously closed at $34.41.

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, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Liberty Broadband Trading Up 3.6%

The business has a 50 day moving average of $48.08 and a 200-day moving average of $48.78. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $4.95 billion, a P/E ratio of -1.80 and a beta of 0.70.

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

Institutional Trading of Liberty Broadband

Hedge funds and other institutional investors have recently modified their holdings of the company. Quent Capital LLC acquired a new stake in shares of Liberty Broadband in the 3rd quarter valued at about $36,000. Comerica Bank raised its stake in shares of 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 purchasing an additional 524 shares during the period. Franklin Resources Inc. raised its stake in shares of Liberty Broadband by 66.2% in the 2nd quarter. Franklin Resources Inc. now owns 615 shares of the company’s stock valued at $60,000 after purchasing an additional 245 shares during the period. Federation des caisses Desjardins du Quebec raised its stake in shares of Liberty Broadband by 22.0% in 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 during the period. Finally, Parallel Advisors LLC raised 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 valued at $108,000 after purchasing an additional 1,713 shares during the period. Institutional investors and hedge funds own 10.29% of the company’s stock.

About Liberty Broadband

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.