Liberty Broadband (NASDAQ:LBRDK) Sets New 12-Month Low – Time to Sell?

Liberty Broadband Corporation (NASDAQ:LBRDK)’s stock price reached a new 52-week low during trading on Wednesday . The company traded as low as $42.41 and last traded at $42.56, with a volume of 2259265 shares trading hands. The stock had previously closed at $45.10.

Wall Street Analysts Forecast Growth

LBRDK has been the topic of several analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Liberty Broadband in a research note on Monday, December 29th. Wall Street Zen downgraded shares of Liberty Broadband from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

Liberty Broadband Price Performance

The firm has a market capitalization of $6.11 billion, a PE ratio of 7.71 and a beta of 0.99. The company has a 50-day moving average price of $47.01 and a 200-day moving average price of $56.68. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.24 and a quick ratio of 0.24.

Liberty Broadband (NASDAQ:LBRDK) last announced its quarterly earnings data 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 company had revenue of $257.00 million during the quarter, compared to analysts’ expectations of $267.70 million. Sell-side analysts forecast that Liberty Broadband Corporation will post 7.71 EPS for the current year.

Insider Activity

In other news, Director J David Wargo sold 2,889 shares of the stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $47.10, for a total transaction of $136,071.90. Following the sale, the director directly owned 31,542 shares in the company, valued at approximately $1,485,628.20. This represents a 8.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 10.80% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in Liberty Broadband by 493.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,270,557 shares of the company’s stock worth $144,271,000 after acquiring an additional 1,887,742 shares in the last quarter. Norges Bank bought a new position in shares of Liberty Broadband in the 2nd quarter valued at approximately $137,249,000. Assenagon Asset Management S.A. lifted its stake in shares of Liberty Broadband by 58.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,793,954 shares of the company’s stock worth $135,786,000 after buying an additional 1,035,126 shares during the last quarter. Balyasny Asset Management L.P. acquired a new position in Liberty Broadband during the 3rd quarter worth $52,032,000. Finally, Marshall Wace LLP increased its position in Liberty Broadband by 475.3% in the 3rd quarter. Marshall Wace LLP now owns 942,375 shares of the company’s stock worth $59,879,000 after buying an additional 778,580 shares during the period. Institutional investors own 80.22% of the company’s stock.

Liberty Broadband Company Profile

Liberty Broadband Corporation is a publicly traded holding company that principally invests in broadband and cable businesses. Established in 2014 as a spin-off from Liberty Interactive Corporation, the company was designed to provide investors with targeted exposure to high-growth broadband assets. Headquartered in Englewood, Colorado, Liberty Broadband uses a tracking-stock structure to reflect the performance of its key investments rather than operating a stand-alone service business.

The company’s primary asset is its substantial equity interest in Charter Communications, one of the largest cable and broadband providers in the United States.