Liberty Broadband (LBRDA) Upgraded to Hold at BidaskClub

BidaskClub upgraded shares of Liberty Broadband (NASDAQ:LBRDA) from a sell rating to a hold rating in a research report report published on Wednesday.

A number of other equities analysts have also recently weighed in on LBRDA. Buckingham Research assumed coverage on Liberty Broadband in a research note on Wednesday, December 13th. They issued a buy rating and a $119.00 price target on the stock. Pivotal Research lifted their price target on Liberty Broadband from $108.00 to $113.00 and gave the stock a buy rating in a research note on Wednesday, November 15th. Telsey Advisory Group reissued an outperform rating and issued a $125.00 price target (up previously from $95.00) on shares of Liberty Broadband in a research note on Thursday, September 7th. Finally, lifted their price target on Liberty Broadband from $108.00 to $113.00 and gave the stock a buy rating in a research note on Wednesday, November 15th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $114.40.

Shares of Liberty Broadband (NASDAQ LBRDA) traded down $1.10 on Wednesday, reaching $88.39. The company had a trading volume of 161,200 shares, compared to its average volume of 244,467. The stock has a market cap of $16,273.31, a PE ratio of 883.99 and a beta of 1.33. Liberty Broadband has a 1 year low of $72.72 and a 1 year high of $104.35. The company has a debt-to-equity ratio of 0.06, a current ratio of 11.64 and a quick ratio of 11.64.

Liberty Broadband (NASDAQ:LBRDA) last issued its quarterly earnings results on Thursday, November 9th. The company reported ($0.05) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.08). Liberty Broadband had a return on equity of 0.22% and a net margin of 142.91%. equities analysts anticipate that Liberty Broadband will post 0.1 EPS for the current year.

In other Liberty Broadband news, Director John E. Welsh III bought 2,000 shares of the stock in a transaction on Friday, December 22nd. The shares were bought at an average price of $85.50 per share, with a total value of $171,000.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John C. Malone sold 8,550 shares of Liberty Broadband stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $94.87, for a total value of $811,138.50. The disclosure for this sale can be found here. Insiders own 6.09% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in LBRDA. UBS Asset Management Americas Inc. lifted its holdings in shares of Liberty Broadband by 42.0% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 9,350 shares of the company’s stock valued at $802,000 after buying an additional 2,764 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of Liberty Broadband by 18.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 11,382 shares of the company’s stock valued at $976,000 after buying an additional 1,757 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of Liberty Broadband by 8.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 62,829 shares of the company’s stock valued at $5,391,000 after buying an additional 4,981 shares during the last quarter. Markel Corp lifted its holdings in shares of Liberty Broadband by 12.0% during the 3rd quarter. Markel Corp now owns 205,250 shares of the company’s stock valued at $19,330,000 after buying an additional 22,000 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its holdings in shares of Liberty Broadband by 62.2% during the 3rd quarter. CIBC Asset Management Inc now owns 7,103 shares of the company’s stock valued at $669,000 after buying an additional 2,724 shares during the last quarter. 12.33% of the stock is currently owned by institutional investors.

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Liberty Broadband 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.

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