Liberty Broadband Target of Unusually High Options Trading (LBRDK)

Liberty Broadband (NASDAQ:LBRDK) was the recipient of some unusual options trading activity on Monday. Stock traders bought 8,512 call options on the stock. This represents an increase of 1,889% compared to the typical daily volume of 428 call options.

LBRDK stock opened at $83.35 on Tuesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 7.97 and a current ratio of 7.97. Liberty Broadband has a 52 week low of $80.41 and a 52 week high of $104.66. The stock has a market capitalization of $15,027.23, a P/E ratio of 828.70 and a beta of 1.39.

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Several equities analysts have commented on the stock. Zacks Investment Research upgraded shares of Liberty Broadband from a “hold” rating to a “strong-buy” rating and set a $107.00 price objective on the stock in a report on Saturday, January 20th. ValuEngine downgraded shares of Liberty Broadband from a “hold” rating to a “sell” rating in a report on Tuesday, February 27th. Finally, TheStreet upgraded shares of Liberty Broadband from a “c” rating to a “b” rating in a report on Tuesday, February 20th.

Hedge funds have recently added to or reduced their stakes in the stock. James Hambro & Partners acquired a new position in shares of Liberty Broadband in the fourth quarter valued at about $102,000. Cerebellum GP LLC acquired a new position in shares of Liberty Broadband in the fourth quarter valued at about $127,000. American International Group Inc. acquired a new position in shares of Liberty Broadband in the fourth quarter valued at about $185,000. Vantage Investment Advisors LLC grew its stake in shares of Liberty Broadband by 50.0% in the fourth quarter. Vantage Investment Advisors LLC now owns 2,323 shares of the company’s stock valued at $198,000 after acquiring an additional 774 shares in the last quarter. Finally, Santa Monica Partners LP acquired a new position in shares of Liberty Broadband in the fourth quarter valued at about $213,000. Institutional investors and hedge funds own 54.62% of the company’s stock.

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About Liberty Broadband

Liberty Broadband Corp. operates as a holding company, which engages in cable services and wireless telecommunications businesses. It operates through its subsidiaries, Charter Communications, Inc and TruePosition, Inc The company was founded on November 4, 2014 is headquartered on Englewood, CO.

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