Liberty Broadband Corporation (NASDAQ: LBRDK) stock fell -3.10% on Thursday to $73.18 against a previous-day closing price of $75.52. With 0.69 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.75 million shares. During the session, the Telecom Services company that operates in wider Communication Services sector, reached to the highest price of $75.92 whereas the lowest price it dropped to was $72.88. The 52-week range on LBRDK shows that it touched its highest point at $126.62 and its lowest point at $68.67 during that stretch. It currently has a 1-year price target of $121.50.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of LBRDK was down-trending over the past week, with a drop of -6.73%, but this was down by -1.57% over a month. Three-month performance dropped to -17.27% while six-month performance fell -18.14%. The stock lost -38.73% in the past year, while it has lost -4.05% so far this year. A look at the trailing 12-month EPS for LBRDK yields 6.59 with Next year EPS estimates of 10.00. For the next quarter, that number is 2.19. This implies an EPS growth rate of -5.70% for this year and 33.20% for next year.
Float and Shares Shorts:
At present, 125.94 million LBRDK shares are outstanding with a float of 116.21 million shares on hand for trading. On Apr 27, 2023, short shares totaled 3.83 million, which was 2.62% higher than short shares on Mar 30, 2023. In addition to Mr. Gregory B. Maffei as the firm’s CEO, Pres & Director, Mr. Brian J. Wendling serves as its Chief Accounting Officer & Principal Financial Officer.
Through their ownership of 95.96% of LBRDK’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 59.89% of LBRDK, in contrast to 33.29% held by mutual funds. Shares owned by individuals account for 11.28%. As the largest shareholder in LBRDK with 8.62% of the stake, The Vanguard Group, Inc. holds 10,860,233 shares worth 10,860,233. A second-largest stockholder of LBRDK, Eagle Capital Management LLC, holds 7,223,863 shares, controlling over 5.73% of the firm’s shares. Harris Associates LP is the third largest shareholder in LBRDK, holding 6,159,832 shares or 4.89% stake. With a 2.97% stake in LBRDK, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 3,740,759 shares are owned by the mutual fund manager. The Vanguard Mid Cap Index Fund, which owns about 2.22% of LBRDK stock, is the second-largest Mutual Fund holder. It holds 2,800,656 shares valued at 237.44 million. Oakmark Fund holds 1.60% of the stake in LBRDK, owning 2,020,000 shares worth 171.26 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, LBRDK reported revenue of $239.00M and operating income of $9.00M. The EBITDA in the recently reported quarter was $442.00M and diluted EPS was $2.87.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for LBRDK since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With LBRDK analysts setting a high price target of $152.00 and a low target of $100.00, the average target price over the next 12 months is $130.43. Based on these targets, LBRDK could surge 107.71% to reach the target high and rise by 36.65% to reach the target low. Reaching the average price target will result in a growth of 78.23% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded LBRDK stock several times over the past three months with 3 Buys and 3 Sells. In these transactions, 7,832 shares were bought while 3,704 shares were sold. The number of buy transactions has increased to 9 while that of sell transactions has risen to 8 over the past year. The total number of shares bought during that period was 291,879 while 279,837 shares were sold.