Liberty Broadband (NASDAQ:LBRDA) Share Price Crosses Above 50 Day Moving Average – What’s Next?

Liberty Broadband Corporation (NASDAQ:LBRDA) shares passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $47.35 and traded as high as $53.67. Liberty Broadband shares last traded at $53.64, with a volume of 134,317 shares trading hands.

Analyst Upgrades and Downgrades

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

Liberty Broadband Stock Performance

The business’s fifty day simple moving average is $47.35 and its 200-day simple moving average is $54.44. The firm has a market cap of $7.70 billion, a P/E ratio of 9.72 and a beta of 0.98. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.19.

Liberty Broadband (NASDAQ:LBRDA) last posted its earnings results on Wednesday, February 4th. The company reported ($22.21) earnings per share (EPS) for the quarter. Liberty Broadband had a return on equity of 12.23% and a net margin of 103.04%.

Insider Activity at Liberty Broadband

In related news, Director J David Wargo sold 2,889 shares of the firm’s stock in a transaction on Friday, December 5th. The stock was sold at an average price of $47.10, for a total value of $136,071.90. Following the completion of the sale, the director owned 31,542 shares of the company’s stock, valued at $1,485,628.20. This trade represents a 8.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 11.59% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Liberty Broadband

Institutional investors have recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership grew its stake in shares of Liberty Broadband by 31.4% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 467,550 shares of the company’s stock worth $45,736,000 after buying an additional 111,853 shares during the last quarter. XTX Topco Ltd bought a new stake in Liberty Broadband in the second quarter worth $1,322,000. Squarepoint Ops LLC purchased a new stake in shares of Liberty Broadband in the second quarter worth $6,802,000. Norges Bank bought a new position in shares of Liberty Broadband during the second quarter valued at $21,089,000. Finally, Hussman Strategic Advisors Inc. raised its position in shares of Liberty Broadband by 33.3% in the 2nd quarter. Hussman Strategic Advisors Inc. now owns 42,000 shares of the company’s stock worth $4,108,000 after purchasing an additional 10,500 shares during the last quarter. Institutional investors 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.