Liberty Broadband (NASDAQ:LBRDA) Stock Price Passes Above Fifty Day Moving Average – Time to Sell?

Liberty Broadband Corporation (NASDAQ:LBRDA) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $49.34 and traded as high as $53.48. Liberty Broadband shares last traded at $52.95, with a volume of 98,350 shares traded.

Wall Street Analysts Forecast Growth

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

Liberty Broadband Trading Up 1.0%

The business’s 50-day simple moving average is $49.34 and its two-hundred day simple moving average is $53.42. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $7.60 billion, a PE ratio of 9.59 and a beta of 0.98.

Insiders Place Their Bets

In other Liberty Broadband news, Director J David Wargo sold 2,232 shares of Liberty Broadband stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $57.61, for a total transaction of $128,585.52. Following the sale, the director directly owned 471 shares in the company, valued at $27,134.31. The trade was a 82.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders sold 49,571 shares of company stock worth $2,811,642. 11.59% of the stock is owned by company insiders.

Hedge Funds Weigh In On Liberty Broadband

Several institutional investors and hedge funds have recently made changes to their positions in LBRDA. S&CO Inc. increased its stake in shares of Liberty Broadband by 0.3% in the second quarter. S&CO Inc. now owns 81,425 shares of the company’s stock worth $7,964,000 after buying an additional 220 shares during the last quarter. Franklin Resources Inc. boosted its stake in Liberty Broadband by 66.2% during the 2nd quarter. Franklin Resources Inc. now owns 615 shares of the company’s stock valued at $60,000 after acquiring an additional 245 shares during the last quarter. Federation des caisses Desjardins du Quebec grew its holdings in Liberty Broadband by 22.0% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,377 shares of the company’s stock worth $66,000 after acquiring an additional 248 shares in the last quarter. American Century Companies Inc. increased its position in shares of Liberty Broadband by 8.3% in the 2nd quarter. American Century Companies Inc. now owns 3,453 shares of the company’s stock worth $338,000 after purchasing an additional 265 shares during the last quarter. Finally, Cambria Investment Management L.P. raised its stake in shares of Liberty Broadband by 8.1% in the 3rd quarter. Cambria Investment Management L.P. now owns 3,734 shares of the company’s stock valued at $236,000 after purchasing an additional 280 shares in the last quarter. 10.29% of the stock is currently 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.