Shares of Liberty Broadband Corporation (NASDAQ:LBRDA – Get Free Report) reached a new 52-week low during trading on Thursday . The stock traded as low as $29.46 and last traded at $29.54, with a volume of 329038 shares trading hands. The stock had previously closed at $30.83.
Analyst Ratings Changes
Separately, Weiss Ratings restated a “sell (d)” rating on shares of Liberty Broadband in a research report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.
Check Out Our Latest Research Report on LBRDA
Liberty Broadband Price Performance
Liberty Broadband (NASDAQ:LBRDA – Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $1.41 earnings per share for the quarter.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its holdings in shares of Liberty Broadband by 114.2% during the first quarter. EverSource Wealth Advisors LLC now owns 602 shares of the company’s stock valued at $30,000 after acquiring an additional 321 shares during the period. Franklin Resources Inc. boosted its stake in Liberty Broadband by 66.2% in the 2nd quarter. Franklin Resources Inc. now owns 615 shares of the company’s stock worth $60,000 after purchasing an additional 245 shares during the period. Comerica Bank boosted its stake in Liberty Broadband by 104.2% in the 4th quarter. Comerica Bank now owns 1,027 shares of the company’s stock worth $50,000 after purchasing an additional 524 shares during the period. Federation des caisses Desjardins du Quebec grew its position in Liberty Broadband by 22.0% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,377 shares of the company’s stock worth $66,000 after purchasing an additional 248 shares in the last quarter. Finally, Parallel Advisors LLC grew its position in Liberty Broadband by 388.4% during the 1st quarter. Parallel Advisors LLC now owns 2,154 shares of the company’s stock worth $108,000 after purchasing an additional 1,713 shares in the last quarter. 10.29% of the stock is owned by hedge funds and other institutional investors.
Liberty Broadband Company Profile
Liberty Broadband Corporation is a holding company primarily focused on investments in broadband businesses, most notably a significant equity interest in Charter Communications, Inc As a shareholder of Charter’s Class A common stock, Liberty Broadband benefits from the growth and operational performance of one of the largest cable and broadband providers in the United States. The company does not operate consumer services directly but instead seeks to enhance shareholder value through its strategic stake and board representation in Charter.
In addition to its Charter position, Liberty Broadband holds an ownership interest in GCI Liberty, Inc, a holding company with interests in an Alaskan telecommunications provider and other media assets.
Read More
- Five stocks we like better than Liberty Broadband
- Aehr Spikes on New Order, But Has Stock Gotten Ahead of Itself?
- Rackspace’s AI Land Grab: Plugging Into the Next Compute Boom
- Satellogic Is Tiny But Its Revenue Growth Is Hard to Ignore
- Why Kroger’s Pullback Could Be a Gift for Patient Investors
Receive News & Ratings for Liberty Broadband Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Broadband and related companies with MarketBeat.com's FREE daily email newsletter.
