Liberty Broadband (NASDAQ:LBRDA) Sets New 12-Month Low – Here’s What Happened

Liberty Broadband Corporation (NASDAQ:LBRDA)’s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $29.46 and last traded at $29.54, with a volume of 329038 shares trading hands. The stock had previously closed at $30.83.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Liberty Broadband in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Liberty Broadband currently has an average rating of “Sell”.

Liberty Broadband Trading Down 4.3%

The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.27. The firm has a 50 day moving average of $39.34 and a 200 day moving average of $46.00. The firm has a market cap of $4.23 billion, a PE ratio of -1.54 and a beta of 0.66.

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

Institutional Investors Weigh In On Liberty Broadband

A number of institutional investors and hedge funds have recently modified their holdings of the company. Amundi boosted its position in shares of Liberty Broadband by 6.5% in the first quarter. Amundi now owns 70,385 shares of the company’s stock valued at $3,535,000 after acquiring an additional 4,285 shares during the period. EverSource Wealth Advisors LLC grew its position in Liberty Broadband by 114.2% in the first quarter. EverSource Wealth Advisors LLC now owns 602 shares of the company’s stock worth $30,000 after acquiring an additional 321 shares in the last quarter. California State Teachers Retirement System increased its stake in Liberty Broadband by 23.9% in the first quarter. California State Teachers Retirement System now owns 18,799 shares of the company’s stock valued at $944,000 after acquiring an additional 3,632 shares during the last quarter. Empowered Funds LLC bought a new stake in Liberty Broadband during the first quarter worth about $310,000. Finally, KCM Investment Advisors LLC purchased a new position in shares of Liberty Broadband in the 1st quarter worth about $1,589,000. 10.29% of the stock is owned by hedge funds and other institutional investors.

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.