Traders Buy Liberty Broadband (LBRDK) on Weakness

Investors bought shares of Liberty Broadband (NASDAQ:LBRDK) on weakness during trading hours on Thursday. $29.96 million flowed into the stock on the tick-up and $10.71 million flowed out of the stock on the tick-down, for a money net flow of $19.25 million into the stock. Of all companies tracked, Liberty Broadband had the 32nd highest net in-flow for the day. Liberty Broadband traded down ($1.10) for the day and closed at $71.16

Several research firms have recently weighed in on LBRDK. TheStreet cut Liberty Broadband from a “b-” rating to a “c+” rating in a report on Monday. Zacks Investment Research cut Liberty Broadband from a “hold” rating to a “strong sell” rating in a report on Saturday, April 7th. Finally, ValuEngine cut Liberty Broadband from a “hold” rating to a “sell” rating in a report on Tuesday, February 27th.

The firm has a market capitalization of $13.01 billion, a price-to-earnings ratio of 717.30 and a beta of 1.42. The company has a quick ratio of 15.33, a current ratio of 15.33 and a debt-to-equity ratio of 0.05.

Liberty Broadband (NASDAQ:LBRDK) last released its quarterly earnings results on Wednesday, May 2nd. The company reported ($0.08) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.14). The firm had revenue of $11.79 million for the quarter. Liberty Broadband had a return on equity of 21.43% and a net margin of 9,349.79%. equities analysts forecast that Liberty Broadband will post 0.9 EPS for the current fiscal year.

Large investors have recently added to or reduced their stakes in the company. M&T Bank Corp boosted its holdings in Liberty Broadband by 15.4% in the fourth quarter. M&T Bank Corp now owns 4,736 shares of the company’s stock valued at $403,000 after acquiring an additional 633 shares during the last quarter. Public Employees Retirement Association of Colorado boosted its holdings in shares of Liberty Broadband by 4.0% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 17,189 shares of the company’s stock worth $1,464,000 after buying an additional 663 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Liberty Broadband by 5.1% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 15,786 shares of the company’s stock worth $1,353,000 after buying an additional 763 shares in the last quarter. Vantage Investment Advisors LLC boosted its holdings in shares of Liberty Broadband by 50.0% during the 4th quarter. Vantage Investment Advisors LLC now owns 2,323 shares of the company’s stock worth $198,000 after buying an additional 774 shares in the last quarter. Finally, Raymond James & Associates boosted its holdings in shares of Liberty Broadband by 1.1% during the 4th quarter. Raymond James & Associates now owns 89,642 shares of the company’s stock worth $7,634,000 after buying an additional 983 shares in the last quarter. Institutional investors own 54.24% of the company’s stock.

About Liberty Broadband

Liberty Broadband Corporation, a cable operator, provides video, Internet, and voice services to residential and commercial customers in the United States. It operates through Skyhook and Charter segments. The Skyhook segment offers Precision Location Solution, a location determination service for mobile device makers, wireless carriers, and asset tracking platforms to understanding the precise geographic location and movement of mobile devices; enhancing the location determination capabilities of a hybrid location system.

Receive News & Ratings for Liberty Broadband Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Broadband and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit