Liberty Broadband (NASDAQ:LBRDK) Share Price Passes Below 50-Day Moving Average – What’s Next?

Liberty Broadband Corporation (NASDAQ:LBRDK) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $47.85 and traded as low as $45.98. Liberty Broadband shares last traded at $46.12, with a volume of 1,384,246 shares.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Liberty Broadband in a research report on Monday, December 29th. Wall Street Zen downgraded shares of Liberty Broadband from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Liberty Broadband Stock Performance

The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $6.62 billion, a price-to-earnings ratio of 8.36 and a beta of 0.99. The stock’s fifty day simple moving average is $47.85 and its 200-day simple moving average is $60.50.

Liberty Broadband (NASDAQ:LBRDK) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $1.77 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.57. The business had revenue of $257.00 million for the quarter, compared to analyst estimates of $267.70 million. Liberty Broadband had a return on equity of 12.23% and a net margin of 105.04%. Analysts predict that Liberty Broadband Corporation will post 7.71 EPS for the current year.

Insider Transactions at Liberty Broadband

In other Liberty Broadband news, Director J David Wargo sold 2,889 shares of the stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $47.10, for a total value of $136,071.90. Following the sale, the director owned 31,542 shares of the company’s stock, valued at $1,485,628.20. This trade represents a 8.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 10.80% of the stock is owned by corporate insiders.

Institutional Trading of Liberty Broadband

Large investors have recently made changes to their positions in the company. Parkside Financial Bank & Trust raised its holdings in Liberty Broadband by 195.1% in the second quarter. Parkside Financial Bank & Trust now owns 360 shares of the company’s stock valued at $35,000 after acquiring an additional 238 shares in the last quarter. Assetmark Inc. increased its position in shares of Liberty Broadband by 1,054.1% in the 2nd quarter. Assetmark Inc. now owns 427 shares of the company’s stock valued at $42,000 after purchasing an additional 390 shares during the last quarter. Fortitude Family Office LLC acquired a new stake in shares of Liberty Broadband in the 2nd quarter valued at $48,000. GAMMA Investing LLC raised its holdings in shares of Liberty Broadband by 39.2% in the 2nd quarter. GAMMA Investing LLC now owns 589 shares of the company’s stock valued at $58,000 after purchasing an additional 166 shares in the last quarter. Finally, Johnson Financial Group Inc. purchased a new stake in shares of Liberty Broadband during the 3rd quarter worth $42,000. 80.22% of the stock is currently owned by hedge funds and other 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.