Liberty Broadband (NASDAQ:LBRDK) Shares Gap Up – Still a Buy?

Liberty Broadband Corporation (NASDAQ:LBRDK)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $29.40, but opened at $31.03. Liberty Broadband shares last traded at $30.5480, with a volume of 40,164 shares.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Liberty Broadband in a report on Friday, March 27th. Wall Street Zen raised Liberty Broadband from a “strong sell” rating to a “sell” rating in a report on Saturday, May 2nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Liberty Broadband Stock Up 0.2%

The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a market cap of $4.44 billion, a price-to-earnings ratio of -1.61 and a beta of 0.66. The firm’s 50-day simple moving average is $37.64 and its two-hundred day simple moving average is $45.65.

Institutional Trading of Liberty Broadband

Several hedge funds have recently modified their holdings of LBRDK. Integrated Wealth Concepts LLC raised its stake in Liberty Broadband by 4.4% in the first 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 in the last quarter. Mariner LLC grew its stake in Liberty Broadband by 3.4% during the third quarter. Mariner LLC now owns 6,958 shares of the company’s stock worth $442,000 after buying an additional 226 shares in the last quarter. Fiduciary Alliance LLC grew its stake in Liberty Broadband by 3.9% during the first quarter. Fiduciary Alliance LLC now owns 6,211 shares of the company’s stock worth $319,000 after buying an additional 236 shares in the last quarter. Captrust Financial Advisors increased its holdings in Liberty Broadband by 4.6% in the 2nd quarter. Captrust Financial Advisors now owns 5,376 shares of the company’s stock valued at $529,000 after buying an additional 237 shares during the period. Finally, Public Employees Retirement System of Ohio raised its position in shares of Liberty Broadband by 0.7% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 35,369 shares of the company’s stock valued at $2,247,000 after buying an additional 239 shares in the last quarter. 80.22% of the stock is owned by institutional investors.

Liberty Broadband Company Profile

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.