Liberty Broadband (NASDAQ:LBRDK) Sets New 12-Month Low – What’s Next?

Liberty Broadband Corporation (NASDAQ:LBRDK)’s stock price hit a new 52-week low during trading on Thursday . The company traded as low as $36.40 and last traded at $36.55, with a volume of 1647502 shares changing hands. The stock had previously closed at $36.96.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Liberty Broadband in a research report on Friday, March 27th. Wall Street Zen raised Liberty Broadband from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 2nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

Liberty Broadband Stock Performance

The stock has a 50-day simple moving average of $50.05 and a 200-day simple moving average of $49.70. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market cap of $5.18 billion, a PE ratio of -1.88 and a beta of 0.70.

Insider Transactions at Liberty Broadband

In other Liberty Broadband news, Director J David Wargo sold 2,232 shares of the business’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $57.61, for a total transaction of $128,585.52. Following the completion of the sale, the director owned 471 shares of the company’s stock, valued at approximately $27,134.31. The trade was a 82.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 10.80% of the company’s stock.

Institutional Investors Weigh In On Liberty Broadband

Institutional investors have recently added to or reduced their stakes in the company. Highlander Partners L.P. purchased a new stake in Liberty Broadband during the fourth quarter valued at about $26,000. eCIO Inc. purchased a new stake in Liberty Broadband during the fourth quarter valued at about $30,000. Johnson Financial Group Inc. purchased a new stake in Liberty Broadband during the third quarter valued at about $42,000. Rothschild Investment LLC grew its position in Liberty Broadband by 7,253.8% during the fourth quarter. Rothschild Investment LLC now owns 956 shares of the company’s stock valued at $46,000 after acquiring an additional 943 shares during the period. Finally, Danske Bank A S purchased a new stake in Liberty Broadband during the third quarter valued at about $51,000. Hedge funds and other institutional investors own 80.22% of the company’s stock.

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.