Liberty Broadband (NASDAQ:LBRDA) Sets New 1-Year Low – Should You Sell?

Shares of Liberty Broadband Corporation (NASDAQ:LBRDA) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $33.96 and last traded at $34.47, with a volume of 213830 shares traded. The stock had previously closed at $34.41.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Liberty Broadband in a report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Liberty Broadband has a consensus rating of “Sell”.

Liberty Broadband Stock Up 0.2%

The company has a debt-to-equity ratio of 0.27, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market capitalization of $4.95 billion, a P/E ratio of -1.80 and a beta of 0.70. The company’s 50-day simple moving average is $48.88 and its two-hundred day simple moving average is $49.09.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Liberty Broadband by 5.7% in the fourth quarter. Vanguard Group Inc. now owns 1,679,806 shares of the company’s stock worth $81,101,000 after acquiring an additional 91,276 shares during the period. Millennium Management LLC raised its position in Liberty Broadband by 5.4% in the fourth quarter. Millennium Management LLC now owns 629,881 shares of the company’s stock worth $30,411,000 after acquiring an additional 32,119 shares during the period. Dimensional Fund Advisors LP raised its position in Liberty Broadband by 2.4% in the third quarter. Dimensional Fund Advisors LP now owns 496,391 shares of the company’s stock worth $31,436,000 after acquiring an additional 11,789 shares during the period. Verition Fund Management LLC raised its position in Liberty Broadband by 37.9% in the fourth quarter. Verition Fund Management LLC now owns 404,192 shares of the company’s stock worth $19,514,000 after acquiring an additional 111,105 shares during the period. Finally, Squarepoint Ops LLC raised its position in Liberty Broadband by 21.9% in the fourth quarter. Squarepoint Ops LLC now owns 393,361 shares of the company’s stock worth $18,991,000 after acquiring an additional 70,610 shares during the period. 10.29% of the stock is currently owned by institutional investors.

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.