Liberty Broadband (NASDAQ:LBRDA) Stock Crosses Above Fifty Day Moving Average – What’s Next?

Shares of Liberty Broadband Corporation (NASDAQ:LBRDA) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $48.77 and traded as high as $55.92. Liberty Broadband shares last traded at $55.48, with a volume of 122,922 shares traded.

Analyst Ratings Changes

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

Liberty Broadband Stock Up 0.8%

The firm’s 50-day simple moving average is $48.77 and its 200 day simple moving average is $53.62. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.10 and a current ratio of 0.10. The company has a market cap of $7.96 billion, a P/E ratio of 10.05 and a beta of 0.98.

Insider Transactions at Liberty Broadband

In other news, Director J David Wargo sold 44,450 shares of the business’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $57.30, for a total transaction of $2,546,985.00. Following the completion of the transaction, the director directly owned 19,150 shares in the company, valued at approximately $1,097,295. The trade was a 69.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 49,571 shares of company stock worth $2,811,642 in the last quarter. 11.59% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. S&CO Inc. grew its holdings in shares of Liberty Broadband by 0.3% in the 2nd quarter. S&CO Inc. now owns 81,425 shares of the company’s stock valued at $7,964,000 after buying an additional 220 shares during the period. Franklin Resources Inc. lifted its holdings in Liberty Broadband by 66.2% during the second quarter. Franklin Resources Inc. now owns 615 shares of the company’s stock worth $60,000 after acquiring an additional 245 shares in the last quarter. Federation des caisses Desjardins du Quebec increased its holdings in shares of Liberty Broadband by 22.0% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 1,377 shares of the company’s stock worth $66,000 after acquiring an additional 248 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Liberty Broadband by 8.3% in the second quarter. American Century Companies Inc. now owns 3,453 shares of the company’s stock worth $338,000 after acquiring an additional 265 shares in the last quarter. Finally, Cambria Investment Management L.P. raised its position in shares of Liberty Broadband by 8.1% during the third quarter. Cambria Investment Management L.P. now owns 3,734 shares of the company’s stock worth $236,000 after purchasing an additional 280 shares during the period. Institutional investors and hedge funds 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.