Liberty Broadband (NASDAQ:LBRDK) Hits New 52-Week Low at $48.24

Liberty Broadband Co. (NASDAQ:LBRDK) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $48.24 and last traded at $48.47, with a volume of 31502 shares traded. The stock had previously closed at $48.58.

Wall Street Analyst Weigh In

Separately, Citigroup reduced their price target on shares of Liberty Broadband from $108.00 to $83.00 and set a “buy” rating on the stock in a research report on Wednesday, February 7th.

Liberty Broadband Trading Down 0.7 %

The company’s 50-day moving average is $57.62 and its 200-day moving average is $73.68. The firm has a market cap of $6.89 billion, a price-to-earnings ratio of 10.40 and a beta of 0.96. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.42 and a current ratio of 2.42.

Liberty Broadband (NASDAQ:LBRDK) last released its earnings results on Friday, February 16th. The company reported $1.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.62 by ($1.23). Liberty Broadband had a net margin of 70.13% and a return on equity of 7.76%. The business had revenue of $250.00 million for the quarter, compared to analyst estimates of $227.82 million. On average, research analysts predict that Liberty Broadband Co. will post 10.14 earnings per share for the current year.

Insider Buying and Selling at Liberty Broadband

In other Liberty Broadband news, Director J David Wargo sold 11,000 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $57.33, for a total transaction of $630,630.00. Following the transaction, the director now directly owns 106,332 shares in the company, valued at approximately $6,096,013.56. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last three months, insiders have sold 45,000 shares of company stock worth $2,435,830. Company insiders own 10.80% of the company’s stock.

Institutional Trading of Liberty Broadband

A number of large investors have recently bought and sold shares of LBRDK. OFI Invest Asset Management acquired a new stake in Liberty Broadband during the 3rd quarter valued at $26,000. Groupama Asset Managment bought a new stake in Liberty Broadband during the fourth quarter worth $26,000. State of Wyoming grew its holdings in Liberty Broadband by 33.7% during the second quarter. State of Wyoming now owns 472 shares of the company’s stock worth $38,000 after buying an additional 119 shares in the last quarter. Milestone Investment Advisors LLC bought a new stake in Liberty Broadband during the first quarter worth $51,000. Finally, UniSuper Management Pty Ltd bought a new position in Liberty Broadband in the 2nd quarter valued at $72,000. 80.22% of the stock is owned by institutional investors.

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.