Liberty Broadband (NASDAQ:LBRDA) Stock Passes Above 50 Day Moving Average – What’s Next?

Liberty Broadband Corporation (NASDAQ:LBRDA) shares crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $50.66 and traded as high as $51.47. Liberty Broadband shares last traded at $50.92, with a volume of 126,463 shares.

Analysts Set New Price Targets

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

Liberty Broadband Trading Up 0.4%

The company’s fifty day moving average is $50.91 and its 200-day moving average is $52.09. 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 firm has a market capitalization of $7.31 billion, a P/E ratio of -2.72 and a beta of 0.95.

Insider Activity

In other news, Director J David Wargo sold 2,232 shares of the firm’s 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 sale, the director directly owned 471 shares of the company’s stock, valued at approximately $27,134.31. This trade represents a 82.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 11.59% of the company’s stock.

Institutional Trading of Liberty Broadband

Several hedge funds have recently added to or reduced their stakes in LBRDA. Arrowstreet Capital Limited Partnership increased its position in Liberty Broadband by 31.4% in 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 during the period. Alpine Global Management LLC boosted its position in shares of Liberty Broadband by 973.0% in the third quarter. Alpine Global Management LLC now owns 198,268 shares of the company’s stock valued at $12,556,000 after acquiring an additional 179,790 shares during the period. Yakira Capital Management Inc. boosted its position in shares of Liberty Broadband by 48.1% in the third quarter. Yakira Capital Management Inc. now owns 94,522 shares of the company’s stock valued at $5,986,000 after acquiring an additional 30,711 shares during the period. XTX Topco Ltd acquired a new stake in shares of Liberty Broadband in the second quarter worth $1,322,000. Finally, Bislett Management LLC grew its stake in shares of Liberty Broadband by 17.9% in the third quarter. Bislett Management LLC now owns 165,000 shares of the company’s stock worth $10,449,000 after acquiring an additional 25,000 shares during the last quarter. Institutional investors own 10.29% of the company’s stock.

Liberty Broadband Company Profile

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.