Liberty Broadband Corp (LBRDA) Receives Average Recommendation of “Buy” from Analysts

Liberty Broadband Corp (NASDAQ:LBRDA) has been given an average recommendation of “Buy” by the six ratings firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation and four have given a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $117.50.

A number of research analysts have weighed in on LBRDA shares. BidaskClub lowered shares of Liberty Broadband from a “hold” rating to a “sell” rating in a research note on Thursday, January 18th. lifted their price target on shares of Liberty Broadband from $108.00 to $113.00 and gave the company a “buy” rating in a research note on Wednesday, November 15th. Pivotal Research lifted their price target on shares of Liberty Broadband from $108.00 to $113.00 and gave the company a “buy” rating in a research note on Wednesday, November 15th. Finally, Buckingham Research started coverage on shares of Liberty Broadband in a research note on Wednesday, December 13th. They issued a “buy” rating and a $119.00 price target on the stock.

In related news, Director John E. Welsh III purchased 2,000 shares of the business’s stock in a transaction on Friday, December 22nd. The shares were purchased 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 Securities & Exchange Commission, which is accessible through this link. Insiders own 6.09% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Blue Sky Asset Management LLC acquired a new stake in shares of Liberty Broadband in the fourth quarter valued at approximately $1,421,000. Opera Trading Capital raised its holdings in shares of Liberty Broadband by 449.6% in the fourth quarter. Opera Trading Capital now owns 12,157 shares of the company’s stock valued at $1,034,000 after purchasing an additional 9,945 shares during the last quarter. First Manhattan Co. raised its holdings in shares of Liberty Broadband by 22.4% in the fourth quarter. First Manhattan Co. now owns 118,237 shares of the company’s stock valued at $10,056,000 after purchasing an additional 21,609 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of Liberty Broadband in the fourth quarter valued at approximately $124,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of Liberty Broadband in the third quarter valued at approximately $244,000. Institutional investors own 12.29% of the company’s stock.

Liberty Broadband (NASDAQ LBRDA) traded down $3.22 during trading on Monday, reaching $92.94. 327,146 shares of the company traded hands, compared to its average volume of 173,944. Liberty Broadband has a twelve month low of $80.39 and a twelve month high of $104.35. The company has a market cap of $17,486.22, a price-to-earnings ratio of 929.49 and a beta of 1.38. The company has a quick ratio of 11.64, a current ratio of 11.64 and a debt-to-equity ratio of 0.06.

Liberty Broadband (NASDAQ:LBRDA) last released its quarterly earnings data on Thursday, November 9th. The company reported ($0.05) earnings per share for the quarter, missing the 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%. research analysts anticipate that Liberty Broadband will post 0.09 EPS for the current fiscal year.

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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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