Liberty Broadband (NASDAQ:LBRDA) Announces Earnings Results

Liberty Broadband (NASDAQ:LBRDA) issued its quarterly earnings results on Wednesday. The company reported ($14.86) EPS for the quarter, FiscalAI reports.

Liberty Broadband Stock Performance

Shares of LBRDA stock traded up $0.95 on Friday, hitting $34.28. 111,870 shares of the stock traded hands, compared to its average volume of 198,549. The company’s fifty day moving average is $31.76 and its 200 day moving average is $42.36. Liberty Broadband has a 1-year low of $26.14 and a 1-year high of $65.40. The company has a market capitalization of $4.92 billion, a PE ratio of -1.79 and a beta of 0.65. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.09 and a quick ratio of 1.09.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Liberty Broadband in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Liberty Broadband presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of LBRDA. KCM Investment Advisors LLC acquired a new position in Liberty Broadband in the first quarter valued at approximately $1,589,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in shares of Liberty Broadband during the first quarter valued at approximately $6,278,000. Vanguard Group Inc. raised its position in shares of Liberty Broadband by 5.7% during the 4th 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 during the period. Virtu Financial LLC raised its position in shares of Liberty Broadband by 234.5% during the 4th quarter. Virtu Financial LLC now owns 42,920 shares of the company’s stock worth $2,072,000 after purchasing an additional 30,088 shares during the period. Finally, UBS Group AG grew its stake in Liberty Broadband by 390.6% during the 4th quarter. UBS Group AG now owns 222,860 shares of the company’s stock worth $10,760,000 after buying an additional 177,431 shares during the last quarter. 10.29% of the stock is currently owned by institutional investors.

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.