Liberty Broadband (NASDAQ:LBRDA) Reaches New 12-Month Low – Here’s Why

Liberty Broadband Corporation (NASDAQ:LBRDA)’s share price hit a new 52-week low on Thursday . The stock traded as low as $28.92 and last traded at $29.7050, with a volume of 191564 shares. The stock had previously closed at $30.38.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Liberty Broadband in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Liberty Broadband presently has an average rating of “Sell”.

Liberty Broadband Price Performance

The stock has a fifty day moving average of $31.83 and a 200-day moving average of $42.85. The firm has a market capitalization of $4.14 billion, a P/E ratio of -1.51 and a beta of 0.65. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.27.

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Liberty Broadband by 5.7% during 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 last quarter. Virtu Financial LLC boosted its holdings in Liberty Broadband by 234.5% in the fourth quarter. Virtu Financial LLC now owns 42,920 shares of the company’s stock valued at $2,072,000 after acquiring an additional 30,088 shares during the last quarter. UBS Group AG increased its position in Liberty Broadband by 390.6% in the fourth quarter. UBS Group AG now owns 222,860 shares of the company’s stock worth $10,760,000 after purchasing an additional 177,431 shares during the period. Verition Fund Management LLC raised its holdings in Liberty Broadband by 37.9% during the 4th quarter. Verition Fund Management LLC now owns 404,192 shares of the company’s stock worth $19,514,000 after purchasing an additional 111,105 shares during the last quarter. Finally, Slotnik Capital LLC bought a new stake in Liberty Broadband during the 4th quarter worth about $12,731,000. 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.