Liberty Broadband (NASDAQ:LBRDA) Shares Gap Up – What’s Next?

Shares of Liberty Broadband Corporation (NASDAQ:LBRDA) gapped up prior to trading on Monday . The stock had previously closed at $31.31, but opened at $39.26. Liberty Broadband shares last traded at $35.8310, with a volume of 89,345 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Liberty Broadband in a report on Wednesday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Liberty Broadband Stock Performance

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 fifty day simple moving average of $36.35 and a two-hundred day simple moving average of $45.21. The firm has a market capitalization of $5.00 billion, a P/E ratio of -1.82 and a beta of 0.66.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC grew its holdings in Liberty Broadband by 114.2% in the first quarter. EverSource Wealth Advisors LLC now owns 602 shares of the company’s stock worth $30,000 after purchasing an additional 321 shares during the period. Comerica Bank raised its holdings in shares of Liberty Broadband by 104.2% during the fourth quarter. Comerica Bank now owns 1,027 shares of the company’s stock valued at $50,000 after purchasing an additional 524 shares during the period. Franklin Resources Inc. raised its holdings in shares of Liberty Broadband by 66.2% during the second quarter. Franklin Resources Inc. now owns 615 shares of the company’s stock valued at $60,000 after purchasing an additional 245 shares during the period. Federation des caisses Desjardins du Quebec boosted its position in shares of Liberty Broadband by 22.0% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,377 shares of the company’s stock worth $66,000 after purchasing an additional 248 shares in the last quarter. Finally, Parallel Advisors LLC boosted its position in shares of Liberty Broadband by 388.4% during the 1st quarter. Parallel Advisors LLC now owns 2,154 shares of the company’s stock worth $108,000 after purchasing an additional 1,713 shares in the last quarter. 10.29% of the stock is 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.