Short Interest in Liberty Broadband Co. (NASDAQ:LBRDA) Increases by 29.2%

Liberty Broadband Co. (NASDAQ:LBRDA) experienced a significant rise in short interest for December. As of December 31st, short interest reached a total of 148,200 shares. This marks an increase of 29.2% compared to the previous total of 114,700 shares reported on December 15th. Currently, the percentage of shares sold short stands at 0.9%. Considering an average daily trading volume of 188,300 shares, the short-interest ratio is currently calculated to be 0.8 days.

Insider Activity

In related news about Liberty Broadband, CEO Gregory B. Maffei sold 71,500 shares of the company's stock on December 16th. The shares were sold at an average price of $82.00, resulting in a total transaction amounting to approximately $5.86 million. After this sale, Maffei retains ownership of 2,827,013 shares of Liberty Broadband, valued at around $231.82 million. This sale represents a reduction of 2.47% in his position. Details of the transaction were disclosed in a filing with the Securities and Exchange Commission, which can be accessed through their website. Over the last ninety days, company insiders have sold a total of 196,542 shares for a combined value of $15.83 million, with insiders owning 14.19% of the company's stock.

Hedge Funds Weigh In On Liberty Broadband

In recent developments, various large investors have adjusted their holdings in Liberty Broadband. Wilmington Savings Fund Society FSB established a new position in the company during the third quarter, valued at approximately $1.82 million. Similarly, Verition Fund Management LLC acquired a new stake in Liberty Broadband during the same quarter, with a valuation of $6.40 million. Baupost Group LLC, MA took on a new position worth about $581,000, while Stifel Financial Corp also bought new shares valued at $1.24 million during the third quarter. Furthermore, Creative Planning increased its stake in Liberty Broadband by 48.5%, now holding 15,884 shares valued at roughly $1.22 million after purchasing an additional 5,186 shares. Presently, institutional investors and hedge funds own 10.29% of the stock.

Wall Street Analyst Insights

Liberty Broadband has been analyzed in various research reports. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and raised the price target on the shares from $90.00 to $95.00 in a report dated November 15th. Conversely, Rosenblatt Securities downgraded Liberty Broadband from a "buy" rating to a "neutral" rating, while increasing their price target for the company from $91.00 to $92.00 in another report on November 14th.

Liberty Broadband Stock Performance

On the trading front, Liberty Broadband's stock saw an uptick of $0.35 on a recent Friday, reaching a price of $75.53. The trading volume was reported at 265,754 shares, significantly above the average volume of 100,022 shares. Over the past year, the company's stock has encountered a low of $47.17 and a high of $100.44. Liberty Broadband boasts a market capitalization of $10.79 billion, with a price-to-earnings (P/E) ratio of 13.91 and a beta of 1.06. Financial metrics show a quick ratio of 2.07 and a debt-to-equity ratio of 0.40. The fifty-day moving average stands at $80.84, while the 200-day moving average is at $72.15.

Liberty Broadband last disclosed its quarterly earnings results on November 7th, revealing earnings per share of $0.99. This figure was below the analysts' consensus estimates of $1.65 by $0.66. Revenue for the quarter was reported at $262 million, surpassing the expected figure of $242.40 million. The company achieved a net margin of 78.07% and a return on equity of 8.45%. In comparison, earnings per share for the same quarter last year were $1.10.

Liberty Broadband Company Overview

Liberty Broadband Corporation is engaged in the communications sector, with its GCI Holdings segment providing various services such as data, wireless, video, and voice services to residential customers and businesses in Alaska under the GCI brand. Its Charter segment offers a range of subscription-based services, including Internet, video, mobile, and voice services, which cater to both residential and business clients. Key offerings like Spectrum Internet, TV, mobile, and voice provide advanced solutions for small and medium-sized enterprises, while Spectrum Enterprise delivers customized fiber solutions.

Liberty, Broadband, Stocks