Liberty Broadband (NASDAQ:LBRDK) Lowered to “Sell” Rating by Wall Street Zen

Wall Street Zen downgraded shares of Liberty Broadband (NASDAQ:LBRDK) from a hold rating to a sell rating in a report issued on Saturday morning.

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of Liberty Broadband in a research report on Friday, October 31st. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Liberty Broadband has a consensus rating of “Hold”.

Liberty Broadband Trading Up 1.0%

Shares of NASDAQ:LBRDK traded up $0.52 during trading on Friday, reaching $50.73. The stock had a trading volume of 789,679 shares, compared to its average volume of 1,040,479. Liberty Broadband has a 52 week low of $49.31 and a 52 week high of $104.00. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.60 and a current ratio of 0.24. The firm’s fifty day moving average is $59.21 and its 200 day moving average is $75.64. The stock has a market cap of $7.28 billion, a price-to-earnings ratio of 9.19 and a beta of 1.01.

Liberty Broadband (NASDAQ:LBRDK) last released 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 net margin of 105.04% and a return on equity of 12.23%. The business had revenue of $257.00 million for the quarter, compared to analyst estimates of $267.70 million. As a group, equities analysts forecast that Liberty Broadband will post 7.71 EPS for the current fiscal year.

Hedge Funds Weigh In On Liberty Broadband

Large investors have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. raised its stake in shares of Liberty Broadband by 9.1% in the first quarter. Envestnet Asset Management Inc. now owns 155,091 shares of the company’s stock worth $13,191,000 after purchasing an additional 12,878 shares during the last quarter. Brown Advisory Inc. grew its holdings in Liberty Broadband by 3.5% during the first quarter. Brown Advisory Inc. now owns 21,413 shares of the company’s stock worth $1,821,000 after buying an additional 715 shares in the last quarter. Xponance Inc. grew its holdings in Liberty Broadband by 3.7% during the first quarter. Xponance Inc. now owns 8,174 shares of the company’s stock worth $695,000 after buying an additional 292 shares in the last quarter. New York State Common Retirement Fund raised its position in Liberty Broadband by 3.1% in the 1st quarter. New York State Common Retirement Fund now owns 59,425 shares of the company’s stock valued at $5,054,000 after buying an additional 1,800 shares during the last quarter. Finally, CWM LLC boosted its holdings in Liberty Broadband by 6.4% during the 1st quarter. CWM LLC now owns 2,309 shares of the company’s stock worth $196,000 after acquiring an additional 138 shares during the last quarter. Institutional investors own 80.22% of the company’s stock.

Liberty Broadband Company Profile

Liberty Broadband Corporation engages in the communications businesses. The company's GCI Holdings segment provides data, wireless, video, voice, and managed services to residential customers, businesses, governmental entities, educational, and medical institutions in Alaska under the GCI brand.