Liberty Broadband (NASDAQ:LBRDA) Shares Up 6.9% – Should You Buy?

Liberty Broadband Corporation (NASDAQ:LBRDA) shot up 6.9% during trading on Thursday . The company traded as high as $35.25 and last traded at $35.6240. 14,243 shares traded hands during mid-day trading, a decline of 92% from the average session volume of 182,964 shares. The stock had previously closed at $33.31.

Analyst Upgrades and Downgrades

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

Liberty Broadband Trading Down 5.1%

The stock’s fifty day moving average price is $47.66 and its 200 day moving average price is $48.67. 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 stock has a market capitalization of $4.70 billion, a P/E ratio of -1.71 and a beta of 0.70.

Liberty Broadband (NASDAQ:LBRDA) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $1.41 EPS for the quarter.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LBRDA. Slotnik Capital LLC bought a new position in Liberty Broadband during the 4th quarter worth about $12,731,000. Squarepoint Ops LLC grew its holdings in Liberty Broadband by 364.1% during the 3rd quarter. Squarepoint Ops LLC now owns 322,751 shares of the company’s stock worth $20,440,000 after acquiring an additional 253,211 shares in the last quarter. Norges Bank bought a new position in Liberty Broadband during the 4th quarter worth about $10,408,000. Alpine Global Management LLC grew its holdings in Liberty Broadband by 973.0% during the 3rd quarter. Alpine Global Management LLC now owns 198,268 shares of the company’s stock worth $12,556,000 after acquiring an additional 179,790 shares in the last quarter. Finally, UBS Group AG grew its holdings in Liberty Broadband by 390.6% during the 4th quarter. UBS Group AG now owns 222,860 shares of the company’s stock worth $10,760,000 after acquiring an additional 177,431 shares in the last quarter. 10.29% of the stock is currently owned by institutional investors.

Liberty Broadband Company Profile

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.