Liberty Broadband (NASDAQ:LBRDK) Reaches New 1-Year Low – Should You Sell?

Liberty Broadband Corporation (NASDAQ:LBRDK) shares reached a new 52-week low on Wednesday . The stock traded as low as $42.41 and last traded at $42.56, with a volume of 2259265 shares changing hands. The stock had previously closed at $45.10.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Wall Street Zen downgraded Liberty Broadband from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Weiss Ratings reiterated a “sell (d)” rating on shares of Liberty Broadband in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Liberty Broadband Stock Down 5.6%

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 price is $47.01 and its 200-day moving average price is $56.68. The stock has a market capitalization of $6.11 billion, a PE ratio of 7.71 and a beta of 0.99.

Liberty Broadband (NASDAQ:LBRDK) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $1.77 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.57. Liberty Broadband had a net margin of 105.04% and a return on equity of 12.23%. The firm had revenue of $257.00 million during the quarter, compared to analyst estimates of $267.70 million. Analysts forecast that Liberty Broadband Corporation will post 7.71 earnings per share for the current year.

Insider Buying and Selling at Liberty Broadband

In related news, Director J David Wargo sold 2,889 shares of the business’s stock in a transaction dated 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 approximately $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 Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 10.80% of the company’s stock.

Hedge Funds Weigh In On Liberty Broadband

Several hedge funds have recently bought and sold shares of the business. Evergreen Capital Management LLC grew its position in shares of Liberty Broadband by 18.3% in the 4th quarter. Evergreen Capital Management LLC now owns 8,641 shares of the company’s stock worth $420,000 after buying an additional 1,336 shares during the last quarter. First Horizon Corp purchased a new stake in shares of Liberty Broadband during the 4th quarter worth about $137,000. CWM LLC grew its stake in Liberty Broadband by 677.0% in the 4th quarter. CWM LLC now owns 15,508 shares of the company’s stock valued at $754,000 after acquiring an additional 13,512 shares during the period. eCIO Inc. acquired a new stake in Liberty Broadband in the 4th quarter worth about $30,000. Finally, Elser Financial Planning Inc acquired a new stake in shares of Liberty Broadband in the fourth quarter valued at about $1,538,000. Institutional investors 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.