Liberty Broadband (NASDAQ:LBRDA) Stock Price Down 3.7% – What’s Next?

Shares of Liberty Broadband Corporation (NASDAQ:LBRDA) were down 3.7% during mid-day trading on Tuesday . The company traded as low as $49.61 and last traded at $49.4760. Approximately 22,515 shares changed hands during trading, a decline of 87% from the average daily volume of 171,745 shares. The stock had previously closed at $51.39.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Liberty Broadband in a report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Liberty Broadband Stock Performance

The business’s fifty day moving average price is $51.34 and its 200-day moving average price is $51.83. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.10 and a quick ratio of 0.10. The stock has a market capitalization of $7.20 billion, a PE ratio of -2.68 and a beta of 0.96.

Insider Transactions at Liberty Broadband

In other Liberty Broadband news, Director J David Wargo sold 2,232 shares of the firm’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $57.61, for a total value of $128,585.52. Following the completion of the transaction, the director directly owned 471 shares of the company’s stock, valued at $27,134.31. This trade represents a 82.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 11.59% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Virtu Financial LLC boosted its stake in Liberty Broadband by 234.5% during the fourth quarter. Virtu Financial LLC now owns 42,920 shares of the company’s stock valued at $2,072,000 after buying an additional 30,088 shares during the period. Mercer Global Advisors Inc. ADV grew its position in Liberty Broadband by 39.6% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 5,855 shares of the company’s stock worth $283,000 after buying an additional 1,661 shares in the last quarter. Millennium Management LLC increased its stake in Liberty Broadband by 5.4% in the 4th quarter. Millennium Management LLC now owns 629,881 shares of the company’s stock worth $30,411,000 after acquiring an additional 32,119 shares during the last quarter. First Manhattan CO. LLC. raised its holdings in shares of Liberty Broadband by 0.9% in the 4th quarter. First Manhattan CO. LLC. now owns 38,163 shares of the company’s stock valued at $1,843,000 after acquiring an additional 345 shares in the last quarter. Finally, AQR Capital Management LLC raised its holdings in shares of Liberty Broadband by 215.3% in the 4th quarter. AQR Capital Management LLC now owns 49,895 shares of the company’s stock valued at $2,409,000 after acquiring an additional 34,070 shares in 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.