Liberty Broadband (NASDAQ:LBRDA) Sets New 1-Year Low – Should You Sell?

Liberty Broadband Corporation (NASDAQ:LBRDA)’s share price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $44.44 and last traded at $44.0790, with a volume of 40020 shares changing hands. The stock had previously closed at $45.15.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Liberty Broadband in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, Liberty Broadband has a consensus rating of “Hold” and a consensus price target of $115.00.

Liberty Broadband Trading Down 3.1%

The firm has a market capitalization of $6.28 billion, a P/E ratio of 7.93 and a beta of 0.99. The stock’s 50-day simple moving average is $47.47 and its two-hundred day simple moving average is $60.05. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.24 and a quick ratio of 0.24.

Liberty Broadband (NASDAQ:LBRDA) last announced its earnings results on Wednesday, November 5th. The company reported $1.77 earnings per share (EPS) for the quarter, beating 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%.

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 that occurred 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 transaction, the director owned 31,542 shares in the company, valued at approximately $1,485,628.20. This represents a 8.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 11.59% of the stock is owned by company insiders.

Institutional Investors Weigh In On Liberty Broadband

A number of institutional investors have recently added to or reduced their stakes in the stock. Quent Capital LLC acquired a new stake in Liberty Broadband during the third quarter worth about $36,000. Franklin Resources Inc. raised its holdings in 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 buying an additional 245 shares during the period. GAMMA Investing LLC lifted its position in Liberty Broadband by 21.2% in the second quarter. GAMMA Investing LLC now owns 698 shares of the company’s stock valued at $68,000 after buying an additional 122 shares during the last quarter. Atlantic Union Bankshares Corp purchased a new position in shares of Liberty Broadband during the third quarter worth $144,000. Finally, CIBC Private Wealth Group LLC lifted 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 worth $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.