Liberty Broadband (NASDAQ:LBRDA) Stock Price Down 8.1%

Shares of Liberty Broadband Co. (NASDAQ:LBRDA – Get Rating) fell 8.1% on Thursday . The stock traded as low as $110.83 and last traded at $110.96. 10,959 shares changed hands during mid-day trading, a decline of 96% from the average session volume of 270,564 shares. The stock had previously closed at $120.75.

Analyst Ratings Changes

Several research firms have recently weighed in on LBRDA. Benchmark lowered their price objective on Liberty Broadband to $201.00 in a research report on Friday, May 20th. Deutsche Bank Aktiengesellschaft lowered their price objective on Liberty Broadband from $196.00 to $158.00 in a research report on Tuesday, May 10th. Finally, TheStreet lowered Liberty Broadband from a “b-” rating to a “c+” rating in a research report on Wednesday, May 11th.

Liberty Broadband Price Performance

The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.02 and a current ratio of 1.02. The business has a 50 day moving average price of $115.06 and a two-hundred day moving average price of $127.59. The stock has a market cap of $18.01 billion, a PE ratio of 20.37 and a beta of 1.04.

Liberty Broadband (NASDAQ:LBRDA – Get Rating) last posted its quarterly earnings data on Friday, May 6th. The company reported $1.77 EPS for the quarter. Liberty Broadband had a return on equity of 9.79% and a net margin of 99.93%. The business had revenue of $238.00 million for the quarter. Research analysts expect that Liberty Broadband Co. will post 16.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Liberty Broadband

In other Liberty Broadband news, Director J David Wargo bought 300 shares of the stock in a transaction on Tuesday, May 10th. The shares were acquired at an average price of $110.76 per share, with a total value of $33,228.00. Following the acquisition, the director now directly owns 32,214 shares of the company’s stock, valued at approximately $3,568,022.64. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 7.63% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Covestor Ltd purchased a new position in Liberty Broadband in the fourth quarter worth $25,000. Wahed Invest LLC purchased a new stake in Liberty Broadband during the fourth quarter valued at about $45,000. Western Pacific Wealth Management LP purchased a new stake in Liberty Broadband during the fourth quarter valued at about $56,000. Prudential PLC purchased a new stake in Liberty Broadband during the first quarter valued at about $58,000. Finally, MetLife Investment Management LLC purchased a new stake in Liberty Broadband during the first quarter valued at about $61,000. Institutional investors own 11.67% of the company’s stock.

Liberty Broadband Company Profile

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Liberty Broadband Corporation engages in the communications businesses. It operates through GCI Holdings and Charter segments. The GCI Holdings segment provides a range of wireless, data, video, voice, and managed services to residential customers, businesses, governmental entities, and educational and medical institutions primarily in Alaska under the GCI brand.