Liberty Broadband Corp Series A (LBRDA) Rating Increased to Hold at ValuEngine

Liberty Broadband Corp Series A (NASDAQ:LBRDA) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.

A number of other equities research analysts have also recently issued reports on LBRDA. BidaskClub upgraded shares of Liberty Broadband Corp Series A from a “hold” rating to a “buy” rating in a report on Wednesday, June 27th. Zacks Investment Research upgraded shares of Liberty Broadband Corp Series A from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 31st. Deutsche Bank decreased their price objective on shares of Liberty Broadband Corp Series A from $107.00 to $101.00 and set a “buy” rating for the company in a report on Tuesday, August 14th. Finally, Macquarie upped their price objective on shares of Liberty Broadband Corp Series A from $84.00 to $91.00 and gave the stock an “outperform” rating in a report on Wednesday, August 22nd. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $105.60.

Shares of NASDAQ:LBRDA opened at $82.66 on Tuesday. The firm has a market capitalization of $15.29 billion, a P/E ratio of 7.44 and a beta of 1.38. Liberty Broadband Corp Series A has a 1 year low of $67.75 and a 1 year high of $98.53. The company has a debt-to-equity ratio of 0.05, a current ratio of 8.49 and a quick ratio of 8.49.

Liberty Broadband Corp Series A (NASDAQ:LBRDA) last issued its quarterly earnings data on Wednesday, August 8th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.08). The business had revenue of $3.37 million during the quarter. Liberty Broadband Corp Series A had a return on equity of 20.47% and a net margin of 9,285.42%. As a group, equities analysts anticipate that Liberty Broadband Corp Series A will post 0.49 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its position in shares of Liberty Broadband Corp Series A by 0.3% during the second quarter. Dimensional Fund Advisors LP now owns 192,177 shares of the company’s stock valued at $14,537,000 after buying an additional 654 shares during the last quarter. SG Americas Securities LLC raised its position in shares of Liberty Broadband Corp Series A by 48.5% during the second quarter. SG Americas Securities LLC now owns 2,041 shares of the company’s stock valued at $154,000 after buying an additional 667 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of Liberty Broadband Corp Series A by 40.0% during the second quarter. State of Alaska Department of Revenue now owns 2,802 shares of the company’s stock valued at $211,000 after buying an additional 800 shares during the last quarter. Private Capital Advisors Inc. raised its position in shares of Liberty Broadband Corp Series A by 15.3% during the third quarter. Private Capital Advisors Inc. now owns 6,708 shares of the company’s stock valued at $632,000 after buying an additional 889 shares during the last quarter. Finally, Guggenheim Capital LLC raised its position in shares of Liberty Broadband Corp Series A by 5.6% during the first quarter. Guggenheim Capital LLC now owns 21,071 shares of the company’s stock valued at $1,787,000 after buying an additional 1,108 shares during the last quarter. 12.39% of the stock is owned by hedge funds and other institutional investors.

About Liberty Broadband Corp Series A

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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