Liberty Broadband (NASDAQ:LBRDA) Shares Up 4.9% – Time to Buy?

Liberty Broadband Corporation (NASDAQ:LBRDA)’s stock price rose 4.9% during trading on Tuesday . The stock traded as high as $35.52 and last traded at $35.5940. 30,058 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 196,112 shares. The stock had previously closed at $33.94.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered Liberty Broadband from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday, August 3rd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Liberty Broadband Trading Up 3.9%

The stock has a market cap of $5.06 billion, a PE ratio of -5.04 and a beta of 0.64. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.09 and a current ratio of 0.09. The company’s 50-day moving average price is $32.48 and its 200 day moving average price is $41.60.

Institutional Investors Weigh In On Liberty Broadband

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC raised its position in Liberty Broadband by 114.2% in the first quarter. EverSource Wealth Advisors LLC now owns 602 shares of the company’s stock valued at $30,000 after purchasing an additional 321 shares during the period. Comerica Bank grew its holdings in shares of Liberty Broadband by 104.2% during the 4th quarter. Comerica Bank now owns 1,027 shares of the company’s stock worth $50,000 after purchasing an additional 524 shares during the period. Franklin Resources Inc. increased its position in shares of Liberty Broadband by 66.2% during the 2nd quarter. Franklin Resources Inc. now owns 615 shares of the company’s stock worth $60,000 after purchasing an additional 245 shares during the last quarter. Federation des caisses Desjardins du Quebec increased 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 during the last quarter. Finally, Parallel Advisors LLC raised its holdings in Liberty Broadband by 388.4% in the 1st quarter. Parallel Advisors LLC now owns 2,154 shares of the company’s stock valued at $108,000 after buying an additional 1,713 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.