Liberty Broadband Corp (NASDAQ:LBRDK) has received a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating.
Brokerages have set a 12-month consensus price target of $104.00 for the company and are predicting that the company will post $0.28 earnings per share for the current quarter, according to Zacks. Zacks has also given Liberty Broadband an industry rank of 172 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research cut shares of Liberty Broadband from a “hold” rating to a “sell” rating in a report on Friday, October 20th.
Shares of Liberty Broadband (NASDAQ LBRDK) traded up $0.57 on Monday, reaching $92.18. 412,910 shares of the company’s stock were exchanged, compared to its average volume of 652,901. The stock has a market capitalization of $16,658.82, a PE ratio of 916.10 and a beta of 1.36. The company has a current ratio of 7.97, a quick ratio of 11.64 and a debt-to-equity ratio of 0.05. Liberty Broadband has a twelve month low of $80.41 and a twelve month high of $104.66.
In other Liberty Broadband news, Director John E. Welsh III acquired 2,000 shares of the business’s stock in a transaction on Friday, December 22nd. The shares were acquired at an average price of $85.50 per share, for a total transaction of $171,000.00. Following the completion of the acquisition, the director now owns 5,000 shares in the company, valued at $427,500. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 10.80% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently modified their holdings of LBRDK. James Hambro & Partners bought a new position in shares of Liberty Broadband in the fourth quarter worth approximately $102,000. Toronto Dominion Bank lifted its stake in shares of Liberty Broadband by 12.4% in the second quarter. Toronto Dominion Bank now owns 1,316 shares of the company’s stock worth $114,000 after buying an additional 145 shares in the last quarter. Cerebellum GP LLC bought a new position in shares of Liberty Broadband in the fourth quarter worth approximately $127,000. Advisor Group Inc. lifted its stake in shares of Liberty Broadband by 14.2% in the second quarter. Advisor Group Inc. now owns 1,674 shares of the company’s stock worth $146,000 after buying an additional 208 shares in the last quarter. Finally, Macquarie Group Ltd. lifted its stake in shares of Liberty Broadband by 260.0% in the second quarter. Macquarie Group Ltd. now owns 1,800 shares of the company’s stock worth $156,000 after buying an additional 1,300 shares in the last quarter. Hedge funds and other institutional investors own 54.12% of the company’s stock.
About Liberty Broadband
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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