Liberty Broadband (NASDAQ:LBRDA) Sets New 12-Month Low – Here’s What Happened

Liberty Broadband Corporation (NASDAQ:LBRDA)’s stock price reached a new 52-week low on Thursday . The company traded as low as $29.46 and last traded at $29.54, with a volume of 329038 shares traded. The stock had previously closed at $30.83.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Liberty Broadband in a research report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Liberty Broadband presently has a consensus rating of “Sell”.

Liberty Broadband Stock Down 4.3%

The stock has a market capitalization of $4.23 billion, a P/E ratio of -1.54 and a beta of 0.66. The stock has a 50 day moving average price of $39.34 and a 200-day moving average price of $46.00. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.09 and a quick ratio of 1.09.

Liberty Broadband (NASDAQ:LBRDA) last released its earnings results on Tuesday, April 28th. The company reported $1.41 earnings per share for the quarter.

Institutional Trading of Liberty Broadband

A number of institutional investors have recently made changes to their positions in the stock. Franklin Resources Inc. grew its holdings in shares of Liberty Broadband by 66.2% in the second quarter. Franklin Resources Inc. now owns 615 shares of the company’s stock worth $60,000 after purchasing an additional 245 shares during the last quarter. Federation des caisses Desjardins du Quebec raised its holdings in Liberty Broadband by 22.0% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,377 shares of the company’s stock valued at $66,000 after buying an additional 248 shares during the last quarter. American Century Companies Inc. boosted its position in Liberty Broadband by 8.3% during the 2nd quarter. American Century Companies Inc. now owns 3,453 shares of the company’s stock valued at $338,000 after buying an additional 265 shares during the period. Cambria Investment Management L.P. grew its holdings in 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 during the last quarter. Finally, California State Teachers Retirement System grew its holdings in Liberty Broadband by 2.0% in the 2nd quarter. California State Teachers Retirement System now owns 15,195 shares of the company’s stock worth $1,486,000 after acquiring an additional 303 shares during the last quarter. Hedge funds and other institutional investors own 10.29% of the company’s stock.

About Liberty Broadband

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.