Liberty Broadband (NASDAQ:LBRDK) Sets New 12-Month Low – Should You Sell?

Liberty Broadband Corporation (NASDAQ:LBRDK) reached a new 52-week low on Thursday . The stock traded as low as $29.58 and last traded at $29.6060, with a volume of 2319259 shares trading hands. The stock had previously closed at $30.87.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Wall Street Zen upgraded Liberty Broadband from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 2nd. Weiss Ratings reiterated a “sell (d)” rating on shares of Liberty Broadband in a research report on Friday, March 27th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Liberty Broadband Price Performance

The stock has a market cap of $4.25 billion, a P/E ratio of -1.54 and a beta of 0.66. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.27. The company’s fifty day simple moving average is $38.50 and its 200-day simple moving average is $45.87.

Institutional Trading of Liberty Broadband

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. AQR Capital Management LLC lifted its stake in Liberty Broadband by 3.7% during the first quarter. AQR Capital Management LLC now owns 20,132 shares of the company’s stock worth $1,707,000 after purchasing an additional 717 shares during the period. Integrated Wealth Concepts LLC grew its stake in shares of Liberty Broadband by 4.4% in the 1st quarter. Integrated Wealth Concepts LLC now owns 4,092 shares of the company’s stock valued at $348,000 after purchasing an additional 174 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Liberty Broadband by 38.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,773 shares of the company’s stock valued at $2,617,000 after purchasing an additional 8,521 shares during the period. Jones Financial Companies Lllp raised its holdings in shares of Liberty Broadband by 503.1% in the 1st quarter. Jones Financial Companies Lllp now owns 2,943 shares of the company’s stock worth $250,000 after buying an additional 2,455 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Liberty Broadband by 94.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 778,238 shares of the company’s stock worth $66,189,000 after buying an additional 377,602 shares in the last quarter. Institutional investors own 80.22% of the company’s stock.

About Liberty Broadband

Liberty Broadband Corporation is a publicly traded holding company that principally invests in broadband and cable businesses. Established in 2014 as a spin-off from Liberty Interactive Corporation, the company was designed to provide investors with targeted exposure to high-growth broadband assets. Headquartered in Englewood, Colorado, Liberty Broadband uses a tracking-stock structure to reflect the performance of its key investments rather than operating a stand-alone service business.

The company’s primary asset is its substantial equity interest in Charter Communications, one of the largest cable and broadband providers in the United States.