Liberty Broadband (NASDAQ:LBRDA) Sets New 52-Week Low – Here’s Why

Liberty Broadband Corporation (NASDAQ:LBRDA)’s stock price hit a new 52-week low on Friday . The stock traded as low as $44.44 and last traded at $44.0790, with a volume of 40020 shares changing hands. The stock had previously closed at $45.15.

Wall Street Analyst Weigh In

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

Liberty Broadband Price Performance

The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.19. The company’s fifty day moving average is $47.34 and its two-hundred day moving average is $59.39. The firm has a market capitalization of $6.32 billion, a price-to-earnings ratio of 7.98 and a beta of 0.99.

Liberty Broadband (NASDAQ:LBRDA) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $1.77 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.57. Liberty Broadband had a return on equity of 12.23% and a net margin of 103.04%.

Insider Transactions 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 directly owned 31,542 shares in the company, valued at approximately $1,485,628.20. The trade was a 8.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 11.59% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC boosted its holdings in Liberty Broadband by 35.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,339 shares of the company’s stock valued at $261,000 after acquiring an additional 1,406 shares during the last quarter. Cambria Investment Management L.P. grew 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 worth $236,000 after acquiring an additional 280 shares in the last quarter. CIBC Private Wealth Group LLC raised its holdings in shares of Liberty Broadband by 26.4% in the third quarter. CIBC Private Wealth Group LLC now owns 2,621 shares of the company’s stock valued at $166,000 after purchasing an additional 547 shares during the last quarter. Alpine Global Management LLC lifted its position in shares of Liberty Broadband by 973.0% during the third quarter. Alpine Global Management LLC now owns 198,268 shares of the company’s stock valued at $12,556,000 after purchasing an additional 179,790 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV purchased a new position in Liberty Broadband during the third quarter worth about $266,000. 10.29% of the stock is owned by institutional investors and hedge funds.

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.