Liberty Broadband (NASDAQ:LBRDA) Hits New 52-Week Low – Should You Sell?

Liberty Broadband Corporation (NASDAQ:LBRDA)’s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $42.69 and last traded at $43.57, with a volume of 156240 shares traded. The stock had previously closed at $42.80.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Liberty Broadband in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $115.00.

Liberty Broadband Stock Up 1.8%

The stock’s fifty day simple moving average is $47.04 and its 200-day simple moving average is $58.22. The stock has a market cap of $6.25 billion, a P/E ratio of 7.89 and a beta of 0.99. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.24 and a current ratio of 0.24.

Liberty Broadband (NASDAQ:LBRDA) last announced its earnings results on Wednesday, November 5th. The company reported $1.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.57. Liberty Broadband had a net margin of 103.04% and a return on equity of 12.23%.

Insider Buying and Selling

In other Liberty Broadband news, Director J David Wargo sold 2,889 shares of Liberty Broadband stock in a transaction on Friday, December 5th. The stock was sold at an average price of $47.10, for a total value of $136,071.90. Following the completion of the transaction, the director directly owned 31,542 shares of the company’s stock, valued at $1,485,628.20. The trade was a 8.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 11.59% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. AQR Capital Management LLC raised its stake in Liberty Broadband by 35.0% in the first quarter. AQR Capital Management LLC now owns 16,572 shares of the company’s stock valued at $1,409,000 after purchasing an additional 4,298 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Liberty Broadband by 1.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 25,897 shares of the company’s stock valued at $2,201,000 after buying an additional 319 shares in the last quarter. Empowered Funds LLC bought a new stake in shares of Liberty Broadband during the 1st quarter worth approximately $304,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Liberty Broadband by 4.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 40,796 shares of the company’s stock worth $3,468,000 after acquiring an additional 1,731 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its position in shares of Liberty Broadband by 13.1% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 3,897 shares of the company’s stock worth $389,000 after acquiring an additional 451 shares in the last quarter. Institutional investors own 10.29% of the company’s stock.

About Liberty Broadband

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.