Liberty Broadband Corporation (LBRDA) Given Consensus Rating of “Buy” by Analysts

Liberty Broadband Corporation (NASDAQ:LBRDA) has earned a consensus recommendation of “Buy” from the six ratings firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $111.67.

Several equities research analysts have weighed in on LBRDA shares. BidaskClub lowered Liberty Broadband Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 23rd. Telsey Advisory Group reissued an “outperform” rating and set a $125.00 price target (up from $95.00) on shares of Liberty Broadband Corporation in a report on Thursday, September 7th. Pivotal Research reissued a “buy” rating and set a $108.00 price target (up from $107.00) on shares of Liberty Broadband Corporation in a report on Tuesday, August 15th. Finally, TheStreet lowered Liberty Broadband Corporation from a “b” rating to a “c+” rating in a report on Wednesday, August 16th.

Liberty Broadband Corporation (NASDAQ:LBRDA) traded down 0.78% during midday trading on Friday, reaching $97.00. The company’s stock had a trading volume of 560,353 shares. The company has a market capitalization of $17.64 billion, a price-to-earnings ratio of 570.59 and a beta of 1.48. Liberty Broadband Corporation has a 1-year low of $61.69 and a 1-year high of $104.35. The company’s 50-day moving average price is $99.85 and its 200-day moving average price is $89.44.

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In other news, Director John C. Malone sold 23,000 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 3,782,554 shares of the company’s stock, valued at $319,739,289.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John C. Malone sold 46,000 shares of the firm’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $100.94, for a total value of $4,643,240.00. Following the transaction, the director now directly owns 3,487,778 shares in the company, valued at $352,056,311.32. The disclosure for this sale can be found here. Insiders have sold 459,875 shares of company stock worth $45,272,311 over the last three months. Corporate insiders own 6.09% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. D.A. Davidson & CO. boosted its stake in Liberty Broadband Corporation by 0.8% during the second quarter. D.A. Davidson & CO. now owns 1,604 shares of the company’s stock valued at $137,000 after buying an additional 13 shares in the last quarter. Suntrust Banks Inc. boosted its stake in Liberty Broadband Corporation by 0.4% during the first quarter. Suntrust Banks Inc. now owns 5,408 shares of the company’s stock valued at $459,000 after buying an additional 22 shares in the last quarter. Comerica Bank boosted its stake in Liberty Broadband Corporation by 0.4% during the first quarter. Comerica Bank now owns 5,241 shares of the company’s stock valued at $474,000 after buying an additional 23 shares in the last quarter. Aviva PLC boosted its stake in Liberty Broadband Corporation by 0.6% during the second quarter. Aviva PLC now owns 14,454 shares of the company’s stock valued at $1,239,000 after buying an additional 80 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its stake in Liberty Broadband Corporation by 3.2% during the first quarter. Pacer Advisors Inc. now owns 3,873 shares of the company’s stock valued at $330,000 after buying an additional 121 shares in the last quarter. 81.97% of the stock is owned by institutional investors and hedge funds.

About Liberty Broadband Corporation

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.

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