Liberty Broadband (NASDAQ:LBRDK) Share Price Crosses Above Fifty Day Moving Average – What’s Next?

Liberty Broadband Corporation (NASDAQ:LBRDK)’s stock price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $52.59 and traded as high as $58.18. Liberty Broadband shares last traded at $57.09, with a volume of 2,219,712 shares traded.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Liberty Broadband in a research report on Friday, March 27th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Liberty Broadband Price Performance

The firm’s 50-day moving average is $52.59 and its 200-day moving average is $51.10. The company has a market capitalization of $8.19 billion, a PE ratio of -3.05 and a beta of 0.96. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.14.

Insiders Place Their Bets

In other Liberty Broadband news, Director J David Wargo sold 2,232 shares of the business’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $57.61, for a total value of $128,585.52. Following the completion of the sale, the director directly owned 471 shares of the company’s stock, valued at $27,134.31. The trade was a 82.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 10.80% of the stock is owned by corporate insiders.

Institutional Trading of Liberty Broadband

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Liberty Broadband by 1.7% in the third quarter. Vanguard Group Inc. now owns 11,162,599 shares of the company’s stock worth $709,272,000 after purchasing an additional 184,623 shares during the last quarter. HBK Investments L P lifted its stake in Liberty Broadband by 4.1% in the fourth quarter. HBK Investments L P now owns 5,908,691 shares of the company’s stock worth $287,162,000 after purchasing an additional 233,691 shares during the last quarter. Norges Bank bought a new stake in Liberty Broadband in the fourth quarter worth $180,881,000. Dimensional Fund Advisors LP lifted its stake in Liberty Broadband by 6.2% in the third quarter. Dimensional Fund Advisors LP now owns 2,943,136 shares of the company’s stock worth $187,006,000 after purchasing an additional 171,378 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in Liberty Broadband by 58.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,793,954 shares of the company’s stock worth $135,786,000 after purchasing an additional 1,035,126 shares during the last quarter. 80.22% of the stock is owned by institutional investors.

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.