These Numbers Show Favorable Signs for Liberty Broadband Corp (LBRDK)

Liberty Broadband Corp (NASDAQ: LBRDK) is -24.33% lower on its value in year-to-date trading and has touched a low of $59.51 and a high of $95.68 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The LBRDK stock was last observed hovering at around $59.88 in the last trading session, with the day’s gains setting it 1.1%.

Currently trading at $60.98, the stock is -18.21% and -20.90% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.4 million and changing 1.84% at the moment leaves the stock -26.34% off its SMA200. LBRDK registered -34.58% loss for a year compared to 6-month loss of -34.49%. The firm has a 50-day simple moving average (SMA 50) of $13.02 and a 200-day simple moving average (SMA200) of $9.93.

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The stock witnessed a -20.55% gain in the last 1 month and extending the period to 3 months gives it a -27.40%, and is -8.82% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.71% over the week and 3.20% over the month.

Current P/E ratio is 13.55 and Fwd P/E is 7.32. Profit margin for the company is 67.38%. Distance from 52-week low is 2.48% and -36.27% from its 52-week high. The company has generated returns on investments over the last 12 months (5.04%).

Liberty Broadband Corp quarterly earnings per share for the current quarter are estimated at $2.33 with sales reaching $248M over the same period.The EPS is expected to shrink by -23.81% this year, but quarterly earnings will post -0.60% year-over-year. Quarterly sales are estimated to shrink -0.80% in year-over-year returns.

Liberty Broadband Corp (LBRDK) Top Institutional Holders

663 institutions hold shares in Liberty Broadband Corp (LBRDK), with institutional investors hold 98.69% of the company’s shares. The shares outstanding are 125.96M, and float is at 116.11M with Short Float at 3.24%. Institutions hold 91.06% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 11.1 million shares valued at $889.04 million. The investor’s holdings represent 8.81% of the LBRDK Shares outstanding. As of Jun 29, 2023, the second largest holder is UBS Group AG with 7.09 million shares valued at $567.95 million to account for 5.63% of the shares outstanding. The other top investors are Blackrock Inc. which holds 6.99 million shares representing 5.55% and valued at over $559.9 million, while Eagle Capital Management LLC holds 5.37% of the shares totaling 6.77 million with a market value of $542.29 million.

Liberty Broadband Corp (LBRDK) Insider Activity

A total of 2 insider transactions have happened at Liberty Broadband Corp (LBRDK) in the last six months, with sales accounting for 1 and purchases happening 1 times. The most recent transaction is an insider sale by WELSH JOHN E III ,the company’sDirector. SEC filings show that WELSH JOHN E III sold 4,152 shares of the company’s common stock on Nov 15 at a price of $83.74 per share for a total of $0.35 million. Following the sale, the insider now owns 3917.0 shares.

Liberty Broadband Corp disclosed in a document filed with the SEC on Aug 16 that MAFFEI GREGORY B (President/CEO) sold a total of 1,135 shares of the company’s common stock. The trade occurred on Aug 16 and was made at $92.02 per share for $0.1 million. Following the transaction, the insider now directly holds 0.0 shares of the LBRDK stock.

Still, SEC filings show that on May 11, Wendling Brian J (CAO/PFO) disposed off 6,419 shares at an average price of $77.59 for $0.5 million. The insider now directly holds 12,274 shares of Liberty Broadband Corp (LBRDK).

Liberty Broadband Corp (LBRDK): Who are the competitors?

The company’s main competitors (and peers) include Alphabet Inc. Cl C (GOOG) that is trading 58.13% up over the past 12 months. Alphabet Inc. Cl A (GOOGL) that is 57.49% higher over the same period.