Liberty Broadband Corporation (LBRDK) Lifted to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Liberty Broadband Corporation (NASDAQ:LBRDK) from a sell rating to a hold rating in a report released on Wednesday, July 5th.

According to Zacks, “Liberty Broadband Corporation, through its subsidiaries, engages in providing digital cable services to residential and commercial customers; and entertainment, information, and communications solutions. It also provides wireless location positioning and related services. Liberty Broadband Corporation is based in Englewood, Colorado. “

Separately, TheStreet raised Liberty Broadband Corporation from a c+ rating to a b- rating in a report on Tuesday, March 14th.

Shares of Liberty Broadband Corporation (NASDAQ LBRDK) traded up 1.23% during midday trading on Wednesday, hitting $94.49. 605,571 shares of the stock were exchanged. Liberty Broadband Corporation has a 12-month low of $62.18 and a 12-month high of $95.15. The firm has a 50 day moving average of $87.94 and a 200 day moving average of $86.27. The firm has a market cap of $14.46 billion, a P/E ratio of 15.31 and a beta of 1.39.

WARNING: This piece was first reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this piece on another domain, it was illegally copied and reposted in violation of United States and international copyright and trademark legislation. The correct version of this piece can be accessed at https://www.chaffeybreeze.com/2017/07/30/liberty-broadband-corporation-lbrdk-lifted-to-hold-at-zacks-investment-research-updated-updated-updated.html.

In other Liberty Broadband Corporation news, Director John C. Malone sold 23,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $84.53, for a total transaction of $1,944,190.00. Following the completion of the transaction, the director now owns 3,782,554 shares of the company’s stock, valued at approximately $319,739,289.62. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director John C. Malone sold 45,000 shares of the company’s stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $90.09, for a total value of $4,054,050.00. Following the transaction, the director now directly owns 3,782,554 shares of the company’s stock, valued at approximately $340,770,289.86. The disclosure for this sale can be found here. Insiders have sold a total of 96,700 shares of company stock valued at $8,521,624 over the last 90 days. Corporate insiders own 10.80% of the company’s stock.

Several large investors have recently made changes to their positions in LBRDK. Janney Montgomery Scott LLC boosted its stake in shares of Liberty Broadband Corporation by 2.1% in the second quarter. Janney Montgomery Scott LLC now owns 22,054 shares of the company’s stock worth $1,913,000 after buying an additional 453 shares in the last quarter. NGAM Advisors L.P. boosted its stake in shares of Liberty Broadband Corporation by 1.0% in the second quarter. NGAM Advisors L.P. now owns 25,048 shares of the company’s stock worth $2,173,000 after buying an additional 254 shares in the last quarter. Strs Ohio boosted its stake in shares of Liberty Broadband Corporation by 8.2% in the second quarter. Strs Ohio now owns 16,407 shares of the company’s stock worth $1,423,000 after buying an additional 1,241 shares in the last quarter. Wellington Shields Capital Management LLC bought a new stake in shares of Liberty Broadband Corporation during the second quarter worth about $529,000. Finally, Russell Investments Group Ltd. boosted its stake in Liberty Broadband Corporation by 5.3% in the second quarter. Russell Investments Group Ltd. now owns 52,568 shares of the company’s stock worth $4,561,000 after buying an additional 2,635 shares during the period. Institutional investors own 63.66% of the company’s stock.

Liberty Broadband Corporation Company Profile

Liberty Broadband Corporation holds interest in Charter Communications, Inc (Charter) and its subsidiary Skyhook Holding, Inc (Skyhook). The Company’s segments include Skyhook, Charter, and Corporate and other. Skyhook provides a wireless fidelity (Wi-Fi)-based location platform focused on providing positioning technology and contextual location intelligence solutions.

Get a free copy of the Zacks research report on Liberty Broadband Corporation (LBRDK)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Liberty Broadband Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Broadband Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply