Liberty Broadband (NASDAQ:LBRDA) Sets New 12-Month Low – Time to Sell?

Liberty Broadband Corporation (NASDAQ:LBRDA)’s share price reached a new 52-week low during trading on Wednesday . The company traded as low as $29.18 and last traded at $30.82, with a volume of 232930 shares. The stock had previously closed at $29.36.

Wall Street Analyst Weigh In

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

Liberty Broadband Trading Down 1.5%

The company has a debt-to-equity ratio of 0.27, a current ratio of 1.09 and a quick ratio of 1.09. The stock’s 50-day moving average is $36.75 and its two-hundred day moving average is $45.33. The company has a market cap of $4.34 billion, a P/E ratio of -1.58 and a beta of 0.66.

Liberty Broadband (NASDAQ:LBRDA) last posted its earnings results on Tuesday, April 28th. The company reported $1.41 EPS for the quarter.

Institutional Trading of Liberty Broadband

Several large investors have recently modified their holdings of LBRDA. EverSource Wealth Advisors LLC increased its position in Liberty Broadband by 114.2% during the first quarter. EverSource Wealth Advisors LLC now owns 602 shares of the company’s stock valued at $30,000 after acquiring an additional 321 shares during the last quarter. Franklin Resources Inc. boosted its position in Liberty Broadband by 66.2% in the second quarter. Franklin Resources Inc. now owns 615 shares of the company’s stock worth $60,000 after purchasing an additional 245 shares during the last quarter. Comerica Bank grew its stake in shares of Liberty Broadband by 104.2% during the 4th quarter. Comerica Bank now owns 1,027 shares of the company’s stock valued at $50,000 after purchasing an additional 524 shares during the period. Federation des caisses Desjardins du Quebec grew its stake in shares of Liberty Broadband by 22.0% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,377 shares of the company’s stock valued at $66,000 after purchasing an additional 248 shares during the period. Finally, Parallel Advisors LLC increased its position in shares of Liberty Broadband by 388.4% during the 1st quarter. Parallel Advisors LLC now owns 2,154 shares of the company’s stock valued at $108,000 after purchasing an additional 1,713 shares during the last quarter. Institutional investors own 10.29% of the company’s stock.

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.