Liberty Broadband (NASDAQ:LBRDA) Reaches New 52-Week Low – Should You Sell?

Liberty Broadband Corporation (NASDAQ:LBRDA)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $28.92 and last traded at $29.7050, with a volume of 191564 shares traded. The stock had previously closed at $30.38.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Liberty Broadband in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Liberty Broadband Trading Down 2.2%

The company has a 50 day moving average of $32.00 and a two-hundred day moving average of $43.08. The stock has a market capitalization of $4.26 billion, a PE ratio of -1.55 and a beta of 0.65. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.09 and a current ratio of 1.09.

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

Hedge Funds Weigh In On Liberty Broadband

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