Liberty Broadband (NASDAQ:LBRDK) Hits New 12-Month Low – Should You Sell?

Liberty Broadband Corporation (NASDAQ:LBRDK)’s share price hit a new 52-week low on Friday . The stock traded as low as $44.60 and last traded at $44.2550, with a volume of 259377 shares. The stock had previously closed at $45.34.

Analyst Upgrades and Downgrades

LBRDK has been the topic of several research analyst reports. Weiss Ratings restated 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, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Liberty Broadband Price Performance

The stock’s fifty day moving average price is $47.66 and its two-hundred day moving average price is $60.31. The firm has a market capitalization of $6.30 billion, a price-to-earnings ratio of 7.95 and a beta of 0.99. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.19.

Liberty Broadband (NASDAQ:LBRDK) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $1.77 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.57. Liberty Broadband had a return on equity of 12.23% and a net margin of 105.04%.The business had revenue of $257.00 million during the quarter, compared to the consensus estimate of $267.70 million. Equities research analysts expect that Liberty Broadband Corporation will post 7.71 EPS for the current year.

Insider Buying and Selling at Liberty Broadband

In other news, Director J David Wargo sold 2,889 shares of the business’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $47.10, for a total value of $136,071.90. Following the completion of the transaction, the director owned 31,542 shares of the company’s stock, valued at $1,485,628.20. The trade was a 8.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 10.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Liberty Broadband

Several hedge funds have recently made changes to their positions in LBRDK. GAMMA Investing LLC lifted its position in Liberty Broadband by 39.2% during the second quarter. GAMMA Investing LLC now owns 589 shares of the company’s stock worth $58,000 after buying an additional 166 shares during the period. Integrated Wealth Concepts LLC lifted its stake in Liberty Broadband by 4.4% in the first quarter. Integrated Wealth Concepts LLC now owns 4,092 shares of the company’s stock valued at $348,000 after buying an additional 174 shares during the last quarter. Resonant Capital Advisors LLC raised its position in shares of Liberty Broadband by 4.4% during the 2nd quarter. Resonant Capital Advisors LLC now owns 4,382 shares of the company’s stock worth $431,000 after buying an additional 185 shares in the last quarter. Mariner LLC boosted its position in shares of Liberty Broadband by 3.4% in the third quarter. Mariner LLC now owns 6,958 shares of the company’s stock worth $442,000 after buying an additional 226 shares during the period. Finally, Captrust Financial Advisors increased its stake in Liberty Broadband by 4.6% in the 2nd quarter. Captrust Financial Advisors now owns 5,376 shares of the company’s stock valued at $529,000 after buying an additional 237 shares during the period. Institutional investors and hedge funds 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.