Liberty Broadband (LBRDK) Projected to Post Earnings on Wednesday

Liberty Broadband (NASDAQ:LBRDK) is projected to release its results before the market opens on Wednesday, May 6th. Analysts expect Liberty Broadband to post earnings of $2.10 per share and revenue of $36.38 million for the quarter.

Liberty Broadband Price Performance

Liberty Broadband stock opened at $40.10 on Monday. Liberty Broadband has a fifty-two week low of $36.60 and a fifty-two week high of $104.00. The firm has a market capitalization of $5.75 billion, a price-to-earnings ratio of -2.09 and a beta of 0.70. The stock’s fifty day moving average is $51.05 and its two-hundred day moving average is $50.17. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.09 and a current ratio of 1.09.

Insider Activity

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

Institutional Investors Weigh In On Liberty Broadband

A number of large investors have recently modified their holdings of LBRDK. Johnson Financial Group Inc. acquired a new stake in shares of Liberty Broadband in the third quarter valued at about $42,000. Arax Advisory Partners acquired a new stake in shares of Liberty Broadband in the fourth quarter valued at about $51,000. Danske Bank A S acquired a new stake in shares of Liberty Broadband in the third quarter valued at about $51,000. EverSource Wealth Advisors LLC grew its stake in shares of Liberty Broadband by 59.3% in the second quarter. EverSource Wealth Advisors LLC now owns 733 shares of the company’s stock valued at $72,000 after buying an additional 273 shares in the last quarter. Finally, Freestone Grove Partners LP acquired a new stake in shares of Liberty Broadband in the fourth quarter valued at about $237,000. Institutional investors and hedge funds own 80.22% of the company’s stock.

Wall Street Analyst Weigh In

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

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.