Key Points
- Director J David Wargo sold 2,889 shares on Dec. 5 at an average price of $47.10 for $136,071.90, reducing his stake by 8.39% to 31,542 shares.
- The company reported an EPS of $1.77, beating estimates by $0.57 while revenue slightly missed, and the stock trades in the mid-$40s with a $6.82B market cap, P/E of 8.61, 50-/200-day SMAs of $52.94/$68.43, and a 1-year range of $44.63–$104.00.
- Analyst sentiment is negative with an average rating of "Sell" after recent downgrades, even as hedge funds adjusted holdings and institutional investors own about 80.22% of the stock.
Liberty Broadband Corporation (NASDAQ:LBRDK - Get Free Report) Director J David Wargo sold 2,889 shares of the business's stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $47.10, for a total value of $136,071.90. Following the sale, the director directly owned 31,542 shares in the company, valued at $1,485,628.20. The trade was a 8.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Liberty Broadband Price Performance
NASDAQ:LBRDK opened at $47.55 on Wednesday. The firm has a market capitalization of $6.82 billion, a price-to-earnings ratio of 8.61 and a beta of 1.00. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.24 and a quick ratio of 0.24. The business has a 50 day simple moving average of $52.94 and a 200-day simple moving average of $68.43. Liberty Broadband Corporation has a 1 year low of $44.63 and a 1 year high of $104.00.
Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $1.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.20 by $0.57. Liberty Broadband had a return on equity of 12.23% and a net margin of 105.04%.The company had revenue of $257.00 million during the quarter, compared to the consensus estimate of $267.70 million. Equities analysts forecast that Liberty Broadband Corporation will post 7.71 EPS for the current year.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on LBRDK. Weiss Ratings reiterated a "sell (d+)" rating on shares of Liberty Broadband in a report on Tuesday, December 2nd. Wall Street Zen cut Liberty Broadband from a "hold" rating to a "sell" rating in a research note on Saturday, November 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of "Sell".
View Our Latest Analysis on Liberty Broadband
Hedge Funds Weigh In On Liberty Broadband
A number of hedge funds have recently added to or reduced their stakes in LBRDK. Tudor Investment Corp ET AL raised its stake in shares of Liberty Broadband by 47.7% during the third quarter. Tudor Investment Corp ET AL now owns 2,022,007 shares of the company's stock valued at $128,478,000 after acquiring an additional 652,937 shares in the last quarter. Swiss Life Asset Management Ltd raised its position in Liberty Broadband by 80.3% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 5,459 shares of the company's stock valued at $347,000 after purchasing an additional 2,432 shares in the last quarter. Polar Asset Management Partners Inc. bought a new stake in Liberty Broadband during the 3rd quarter valued at $19,062,000. CIBC Bancorp USA Inc. purchased a new stake in shares of Liberty Broadband in the 3rd quarter worth $1,307,000. Finally, Alpine Global Management LLC bought a new position in shares of Liberty Broadband during the 3rd quarter worth $935,000. 80.22% of the stock is currently owned by institutional investors.
Liberty Broadband Company Profile
(
Get Free Report)
Liberty Broadband Corporation engages in the communications businesses. The company's GCI Holdings segment provides data, wireless, video, voice, and managed services to residential customers, businesses, governmental entities, educational, and medical institutions in Alaska under the GCI brand.
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