Liberty Broadband Corporation (NASDAQ:LBRDK) has been assigned an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.
Brokerages have set a 12 month consensus price objective of $91.00 for the company and are predicting that the company will post $0.15 earnings per share for the current quarter, according to Zacks. Zacks has also given Liberty Broadband Corporation an industry rank of 205 out of 265 based on the ratings given to related companies.
Several brokerages recently weighed in on LBRDK. TheStreet upgraded shares of Liberty Broadband Corporation from a “c+” rating to a “b-” rating in a research report on Tuesday, March 14th. Zacks Investment Research downgraded shares of Liberty Broadband Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, May 30th.
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In related news, Director John C. Malone sold 23,000 shares of Liberty Broadband Corporation stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $87.75, for a total value of $2,018,250.00. Following the sale, the director now directly owns 3,805,554 shares in the company, valued at approximately $333,937,363.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 10.80% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. Steel Canyon Capital LLC bought a new position in Liberty Broadband Corporation during the fourth quarter valued at approximately $15,035,000. Credit Agricole S A boosted its position in Liberty Broadband Corporation by 109.6% in the fourth quarter. Credit Agricole S A now owns 282,224 shares of the company’s stock valued at $20,904,000 after buying an additional 147,553 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Liberty Broadband Corporation during the fourth quarter valued at approximately $2,614,000. Brown Advisory Inc. boosted its position in Liberty Broadband Corporation by 1.9% in the fourth quarter. Brown Advisory Inc. now owns 21,377 shares of the company’s stock valued at $1,583,000 after buying an additional 389 shares during the last quarter. Finally, Asset Management One Co. Ltd. boosted its position in Liberty Broadband Corporation by 2,265.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 171,080 shares of the company’s stock valued at $12,683,000 after buying an additional 163,848 shares during the last quarter. Hedge funds and other institutional investors own 63.70% of the company’s stock.
Shares of Liberty Broadband Corporation (LBRDK) traded up 0.53% during midday trading on Tuesday, hitting $88.02. 2,936,226 shares of the stock were exchanged. Liberty Broadband Corporation has a 12-month low of $55.05 and a 12-month high of $92.40. The firm has a 50-day moving average price of $87.20 and a 200-day moving average price of $83.34. The company has a market cap of $16.00 billion, a PE ratio of 16.45 and a beta of 1.39.
About Liberty Broadband Corporation
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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