Traders Buy Shares of Liberty Broadband Corp Series C (LBRDK) on Weakness

Investors purchased shares of Liberty Broadband Corp Series C (NASDAQ:LBRDK) on weakness during trading on Wednesday. $48.69 million flowed into the stock on the tick-up and $6.07 million flowed out of the stock on the tick-down, for a money net flow of $42.62 million into the stock. Of all stocks tracked, Liberty Broadband Corp Series C had the 24th highest net in-flow for the day. Liberty Broadband Corp Series C traded down ($0.48) for the day and closed at $79.00

A number of equities research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Liberty Broadband Corp Series C from a “strong-buy” rating to a “hold” rating in a report on Wednesday. TheStreet lowered shares of Liberty Broadband Corp Series C from a “b-” rating to a “c+” rating in a report on Monday, May 14th.

The firm has a market cap of $14.49 billion, a price-to-earnings ratio of 798.90 and a beta of 1.39. The company has a current ratio of 15.33, a quick ratio of 15.33 and a debt-to-equity ratio of 0.05.

Liberty Broadband Corp Series C (NASDAQ:LBRDK) last released its quarterly earnings results on Wednesday, May 2nd. The company reported ($0.08) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.14). The firm had revenue of $11.79 million for the quarter. Liberty Broadband Corp Series C had a net margin of 9,349.79% and a return on equity of 21.43%. research analysts predict that Liberty Broadband Corp Series C will post 0.9 EPS for the current year.

Hedge funds have recently made changes to their positions in the business. Summit Trail Advisors LLC grew its holdings in Liberty Broadband Corp Series C by 5,610.6% during the 1st quarter. Summit Trail Advisors LLC now owns 108,729 shares of the company’s stock worth $109,000 after acquiring an additional 106,825 shares in the last quarter. Blair William & Co. IL acquired a new position in Liberty Broadband Corp Series C during the 1st quarter worth $180,000. American International Group Inc. acquired a new position in shares of Liberty Broadband Corp Series C in the 4th quarter valued at about $185,000. Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of Liberty Broadband Corp Series C by 413.0% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,647 shares of the company’s stock valued at $226,000 after buying an additional 2,131 shares during the period. Finally, SG Americas Securities LLC acquired a new position in shares of Liberty Broadband Corp Series C in the 1st quarter valued at about $267,000. 54.66% of the stock is owned by institutional investors.

About Liberty Broadband Corp Series C

Liberty Broadband Corporation, a cable operator, provides video, Internet, and voice services to residential and commercial customers in the United States. It operates through Skyhook and Charter segments. The Skyhook segment offers Precision Location Solution, a location determination service for mobile device makers, wireless carriers, and asset tracking platforms to understanding the precise geographic location and movement of mobile devices; enhancing the location determination capabilities of a hybrid location system.

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