Liberty Broadband (NASDAQ:LBRDA) Share Price Passes Above 50-Day Moving Average – Should You Sell?

Liberty Broadband Corporation (NASDAQ:LBRDA) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $49.34 and traded as high as $53.48. Liberty Broadband shares last traded at $52.95, with a volume of 98,350 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Liberty Broadband in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $115.00.

Liberty Broadband Price Performance

The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.14. The company has a fifty day moving average price of $49.48 and a two-hundred day moving average price of $53.39. The firm has a market cap of $7.83 billion, a P/E ratio of 9.89 and a beta of 0.98.

Insiders Place Their Bets

In other news, Director J David Wargo sold 44,450 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $57.30, for a total value of $2,546,985.00. Following the completion of the transaction, the director owned 19,150 shares in the company, valued at $1,097,295. This represents a 69.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 49,571 shares of company stock valued at $2,811,642 over the last 90 days. Insiders own 11.59% of the company’s stock.

Hedge Funds Weigh In On Liberty Broadband

Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Liberty Broadband by 5.7% in the fourth quarter. Vanguard Group Inc. now owns 1,679,806 shares of the company’s stock worth $81,101,000 after purchasing an additional 91,276 shares in the last quarter. Millennium Management LLC grew its position in Liberty Broadband by 5.4% in the fourth quarter. Millennium Management LLC now owns 629,881 shares of the company’s stock valued at $30,411,000 after purchasing an additional 32,119 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Liberty Broadband by 2.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 496,391 shares of the company’s stock valued at $31,436,000 after buying an additional 11,789 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Liberty Broadband by 31.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 467,550 shares of the company’s stock worth $45,736,000 after buying an additional 111,853 shares in the last quarter. Finally, Verition Fund Management LLC lifted its position in Liberty Broadband by 37.9% during the 4th quarter. Verition Fund Management LLC now owns 404,192 shares of the company’s stock worth $19,514,000 after buying an additional 111,105 shares in the last quarter. 10.29% of the stock is owned by institutional investors.

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.