Liberty Broadband Corporation (NASDAQ:LBRDA – Get Free Report)’s stock price shot up 6.9% during trading on Thursday . The company traded as high as $35.25 and last traded at $35.6240. 14,243 shares were traded during trading, a decline of 92% from the average session volume of 182,964 shares. The stock had previously closed at $33.31.
Analyst Ratings Changes
Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Liberty Broadband in a report on Friday, March 27th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Liberty Broadband presently has an average rating of “Sell”.
Read Our Latest Stock Analysis on Liberty Broadband
Liberty Broadband Stock Performance
Liberty Broadband (NASDAQ:LBRDA – Get Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $1.41 EPS for the quarter.
Institutional Trading of Liberty Broadband
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LBRDA. Quent Capital LLC purchased a new stake in Liberty Broadband in the 3rd quarter worth about $36,000. Comerica Bank raised its position 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. Franklin Resources Inc. raised its position 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. Federation des caisses Desjardins du Quebec raised its position in Liberty Broadband by 22.0% in 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 during the period. Finally, Parallel Advisors LLC raised its position in Liberty Broadband by 388.4% in 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 during the period. 10.29% of the stock is owned by hedge funds and other institutional investors.
About Liberty Broadband
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
- YETI Rallies After Earnings Beat and Raised Outlook
- How the 3 Leading Quantum Firms Stack Up After Q1 Earnings
- Cisco’s Vertical Rally May Still Be in the Early Innings
- Amazon vs. Alibaba: One Is Clearly The Better Value Play right Now
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.
