Liberty Broadband (NASDAQ:LBRDA) Sees Large Volume Increase – Here’s What Happened

Liberty Broadband Co. (NASDAQ:LBRDA) shares saw unusually-strong trading volume on Wednesday . Approximately 416,847 shares changed hands during trading, an increase of 176% from the previous session’s volume of 150,786 shares.The stock last traded at $84.81 and had previously closed at $84.81.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Rosenblatt Securities cut Liberty Broadband from a “buy” rating to a “neutral” rating and raised their price target for the company from $91.00 to $92.00 in a research note on Thursday, November 14th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $95.00 price objective (up previously from $90.00) on shares of Liberty Broadband in a report on Friday, November 15th.

Liberty Broadband Trading Down 1.0 %

The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $11.99 billion, a PE ratio of 15.45 and a beta of 1.04. The business’s 50-day moving average is $82.44 and its two-hundred day moving average is $65.73.

Liberty Broadband (NASDAQ:LBRDA) last posted its earnings results on Thursday, November 7th. The company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.66). The firm had revenue of $262.00 million during the quarter, compared to analysts’ expectations of $242.40 million. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. During the same period in the previous year, the firm posted $1.10 earnings per share.

Insider Activity

In other Liberty Broadband news, CAO Brian J. Wendling sold 2,208 shares of Liberty Broadband stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $75.84, for a total value of $167,454.72. Following the transaction, the chief accounting officer now directly owns 11,054 shares in the company, valued at approximately $838,335.36. This trade represents a 16.65 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Renee L. Wilm sold 4,423 shares of the business’s stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $76.56, for a total value of $338,624.88. Following the completion of the transaction, the insider now directly owns 3,670 shares in the company, valued at approximately $280,975.20. The trade was a 54.65 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,673 shares of company stock valued at $509,688. 14.19% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Liberty Broadband

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. FMR LLC boosted its holdings in Liberty Broadband by 1.0% in the 3rd quarter. FMR LLC now owns 2,761,528 shares of the company’s stock valued at $212,141,000 after purchasing an additional 26,241 shares in the last quarter. Seizert Capital Partners LLC lifted its holdings in shares of Liberty Broadband by 3.3% in the 3rd quarter. Seizert Capital Partners LLC now owns 394,418 shares of the company’s stock valued at $30,299,000 after buying an additional 12,515 shares during the period. Private Management Group Inc. boosted its stake in shares of Liberty Broadband by 29.8% in the second quarter. Private Management Group Inc. now owns 388,923 shares of the company’s stock valued at $21,235,000 after buying an additional 89,317 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Liberty Broadband by 38.3% during the second quarter. Dimensional Fund Advisors LP now owns 376,293 shares of the company’s stock worth $20,544,000 after acquiring an additional 104,268 shares during the period. Finally, Long Focus Capital Management LLC raised its position in Liberty Broadband by 61.9% in the second quarter. Long Focus Capital Management LLC now owns 370,100 shares of the company’s stock worth $20,207,000 after acquiring an additional 141,500 shares in the last quarter. 10.29% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Broadband Company Profile

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. Its Charter segment offers subscription-based Internet and video services, and mobile and voice services; and state-of-the-art residential and business services, which includes Spectrum Internet, TV, mobile and voice for small and medium-sized companies; Spectrum Business provides a suite of broadband products and services for businesses and government application; Spectrum Enterprise offers customized fiber-based solutions; Spectrum Reach provides advertising and production for the modern media landscape.