Liberty Broadband Co. (NASDAQ:LBRDK) Sees Significant Decrease in Short Interest

Liberty Broadband Co. (NASDAQ:LBRDK) was the recipient of a significant decline in short interest in February. As of February 15th, there was short interest totalling 2,810,000 shares, a decline of 23.0% from the January 31st total of 3,650,000 shares. Based on an average trading volume of 883,700 shares, the short-interest ratio is currently 3.2 days. Currently, 2.5% of the company’s shares are short sold.

Insiders Place Their Bets

In other news, CEO Gregory B. Maffei sold 71,500 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $82.00, for a total value of $5,863,000.00. Following the sale, the chief executive officer now directly owns 2,827,013 shares in the company, valued at $231,815,066. The trade was a 2.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 10.80% of the company’s stock.

Institutional Investors Weigh In On Liberty Broadband

Several institutional investors and hedge funds have recently bought and sold shares of LBRDK. Vanguard Group Inc. boosted its holdings in shares of Liberty Broadband by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 11,064,423 shares of the company’s stock valued at $827,176,000 after purchasing an additional 95,599 shares in the last quarter. Barclays PLC lifted its position in shares of Liberty Broadband by 6.4% during the 3rd quarter. Barclays PLC now owns 6,899,331 shares of the company’s stock worth $533,251,000 after buying an additional 415,496 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in Liberty Broadband by 23.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 3,585,407 shares of the company’s stock valued at $268,045,000 after buying an additional 686,089 shares in the last quarter. Deutsche Bank AG grew its position in Liberty Broadband by 125.6% in the fourth quarter. Deutsche Bank AG now owns 3,060,143 shares of the company’s stock valued at $228,776,000 after acquiring an additional 1,703,637 shares during the last quarter. Finally, Finepoint Capital LP raised its stake in Liberty Broadband by 1.1% during the fourth quarter. Finepoint Capital LP now owns 2,015,710 shares of the company’s stock worth $150,694,000 after acquiring an additional 21,200 shares in the last quarter. Institutional investors own 80.22% of the company’s stock.

Liberty Broadband Stock Performance

Shares of LBRDK traded up $0.36 during mid-day trading on Thursday, hitting $86.92. 31,819 shares of the company’s stock were exchanged, compared to its average volume of 843,295. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. Liberty Broadband has a 52 week low of $46.46 and a 52 week high of $101.50. The stock’s 50-day simple moving average is $78.44 and its 200-day simple moving average is $77.61. The firm has a market cap of $12.42 billion, a price-to-earnings ratio of 15.99 and a beta of 1.04.

Liberty Broadband (NASDAQ:LBRDK) last announced its quarterly earnings data on Thursday, February 27th. The company reported $2.04 earnings per share for the quarter, missing the consensus estimate of $3.67 by ($1.63). The company had revenue of $253.00 million during the quarter, compared to analyst estimates of $252.50 million. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. On average, equities research analysts expect that Liberty Broadband will post 7.71 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Liberty Broadband in a report on Wednesday. They set a “sell” rating for the company.

About Liberty Broadband

Liberty Broadband Corporation engages in the communications businesses. The company's GCI Holdings segment provides data, wireless, video, voice, and managed services to residential customers, businesses, governmental entities, educational, and medical institutions in Alaska under the GCI brand.