Liberty Broadband Corp (NASDAQ: LBRDK) is 11.33% higher on its value in year-to-date trading and has touched a low of $46.46 and a high of $101.50 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The LBRDK stock was last observed hovering at around $92.69 in the last trading session, with the day’s loss setting it -2.97%.
Currently trading at $89.72, the stock is 2.17% and 15.11% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.98 million and changing -3.20% at the moment leaves the stock 44.92% off its SMA200. LBRDK registered 7.08% gain for a year compared to 6-month gain of 66.03%. The firm has a 50-day simple moving average (SMA 50) of $77.3718 and a 200-day simple moving average (SMA200) of $61.85195.
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The stock witnessed a 11.94% loss in the last 1 month and extending the period to 3 months gives it a 43.19%, and is -7.49% 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 3.19% over the week and 3.50% over the month.
Liberty Broadband Corp (LBRDK) has around 1900 employees, a market worth around $12.82B and $1.00B in sales. Current P/E ratio is 16.41 and Fwd P/E is 10.58. Profit margin for the company is 78.07%. Distance from 52-week low is 93.11% and -11.61% from its 52-week high. The company has generated returns on investments over the last 12 months (5.80%).
The EPS is expected to grow by 54.53% this year
554.0 institutions hold shares in Liberty Broadband Corp (LBRDK), with institutional investors hold 104.24% of the company’s shares. The shares outstanding are 123.70M, and float is at 112.95M with Short Float at 3.60%. Institutions hold 96.08% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 11.15 million shares valued at $611.16 million. The investor’s holdings represent 7.744 of the LBRDK Shares outstanding. As of 2024-06-30, the second largest holder is UBS GROUP AG with 8.31 million shares valued at $455.54 million to account for 5.7721 of the shares outstanding. The other top investors are HARRIS ASSOCIATES L P which holds 6.7 million shares representing 4.6568 and valued at over $367.52 million, while BARCLAYS PLC holds 4.5038 of the shares totaling 6.48 million with a market value of $355.44 million.
Liberty Broadband Corp (LBRDK) Insider Activity
The most recent transaction is an insider sale by Wendling Brian J, the company’s CAO/PFO. SEC filings show that Wendling Brian J sold 2,208 shares of the company’s common stock on Sep 26 ’24 at a price of $75.84 per share for a total of $0.17 million. Following the sale, the insider now owns 11054.0 shares.
Liberty Broadband Corp disclosed in a document filed with the SEC on Sep 25 ’24 that Wilm Renee L (Chief Legal/Admin Officer) sold a total of 4,423 shares of the company’s common stock. The trade occurred on Sep 25 ’24 and was made at $76.56 per share for $0.34 million. Following the transaction, the insider now directly holds 3670.0 shares of the LBRDK stock.
Still, SEC filings show that on Apr 08 ’24, WARGO J DAVID (Director) disposed off 15,000 shares at an average price of $51.98 for $0.78 million. The insider now directly holds 72,332 shares of Liberty Broadband Corp (LBRDK).
