Liberty Broadband (NASDAQ:LBRDK) Stock Price Passes Below Fifty Day Moving Average – What’s Next?

Liberty Broadband Corporation (NASDAQ:LBRDK)’s share price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $32.38 and traded as low as $30.88. Liberty Broadband shares last traded at $31.34, with a volume of 1,475,189 shares.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on LBRDK shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Liberty Broadband in a research report on Wednesday, June 24th. Wall Street Zen upgraded shares of Liberty Broadband from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 2nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Liberty Broadband Stock Performance

The stock has a 50-day moving average of $32.28 and a 200 day moving average of $43.58. The stock has a market cap of $4.43 billion, a PE ratio of -1.61 and a beta of 0.65. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.27.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. AQR Capital Management LLC increased its position in Liberty Broadband by 3.7% during the first quarter. AQR Capital Management LLC now owns 20,132 shares of the company’s stock worth $1,707,000 after purchasing an additional 717 shares during the last quarter. Integrated Wealth Concepts LLC boosted its holdings in Liberty Broadband by 4.4% in the 1st quarter. Integrated Wealth Concepts LLC now owns 4,092 shares of the company’s stock valued at $348,000 after purchasing an additional 174 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Liberty Broadband by 38.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,773 shares of the company’s stock valued at $2,617,000 after buying an additional 8,521 shares during the period. Jones Financial Companies Lllp grew its stake in shares of Liberty Broadband by 503.1% in the 1st quarter. Jones Financial Companies Lllp now owns 2,943 shares of the company’s stock valued at $250,000 after buying an additional 2,455 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Liberty Broadband by 94.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 778,238 shares of the company’s stock worth $66,189,000 after buying an additional 377,602 shares during the last quarter. Institutional investors and hedge funds own 80.22% of the company’s stock.

About Liberty Broadband

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.