Liberty Broadband (NASDAQ:LBRDK) Sets New 1-Year Low – What’s Next?

Liberty Broadband Corporation (NASDAQ:LBRDK) shares hit a new 52-week low during trading on Wednesday . The stock traded as low as $33.23 and last traded at $33.3760, with a volume of 91955 shares traded. The stock had previously closed at $34.51.

Analyst Ratings Changes

Several analysts recently commented on LBRDK shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Liberty Broadband in a research report on Friday, March 27th. Wall Street Zen upgraded Liberty Broadband from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 2nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Liberty Broadband currently has a consensus rating of “Sell”.

Liberty Broadband Trading Down 3.3%

The stock has a market capitalization of $4.79 billion, a price-to-earnings ratio of -1.74 and a beta of 0.70. The company’s 50-day moving average is $48.95 and its 200-day moving average is $49.22. 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 hedge funds have recently added to or reduced their stakes in LBRDK. AQR Capital Management LLC grew its position in Liberty Broadband by 3.7% in the first quarter. AQR Capital Management LLC now owns 20,132 shares of the company’s stock worth $1,707,000 after acquiring an additional 717 shares during the period. Integrated Wealth Concepts LLC grew its position in Liberty Broadband by 4.4% in the first quarter. Integrated Wealth Concepts LLC now owns 4,092 shares of the company’s stock worth $348,000 after acquiring an additional 174 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Liberty Broadband by 38.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,773 shares of the company’s stock worth $2,617,000 after acquiring an additional 8,521 shares during the period. Jones Financial Companies Lllp grew its position in Liberty Broadband by 503.1% in the first quarter. Jones Financial Companies Lllp now owns 2,943 shares of the company’s stock worth $250,000 after acquiring an additional 2,455 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in Liberty Broadband by 94.3% in the first quarter. Goldman Sachs Group Inc. now owns 778,238 shares of the company’s stock worth $66,189,000 after acquiring an additional 377,602 shares during the period. 80.22% of the stock is currently owned by hedge funds and other institutional investors.

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.