Liberty Broadband Corporation (LBRDA) PT Raised to $113.00

Liberty Broadband Corporation (NASDAQ:LBRDA) had its price objective hoisted by analysts at Pivotal Research from $108.00 to $113.00 in a report released on Wednesday. The brokerage presently has a “buy” rating on the stock. Pivotal Research’s target price suggests a potential upside of 26.17% from the company’s current price.

A number of other brokerages have also weighed in on LBRDA. TheStreet lowered Liberty Broadband Corporation from a “b” rating to a “c+” rating in a report on Wednesday, August 16th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $125.00 price objective (up previously from $95.00) on shares of Liberty Broadband Corporation in a report on Thursday, September 7th. Finally, BidaskClub raised Liberty Broadband Corporation from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $113.25.

Shares of Liberty Broadband Corporation (NASDAQ:LBRDA) traded up $1.31 during midday trading on Wednesday, reaching $89.56. The company’s stock had a trading volume of 122,266 shares, compared to its average volume of 133,312. The company has a debt-to-equity ratio of 0.06, a quick ratio of 11.64 and a current ratio of 11.64. Liberty Broadband Corporation has a one year low of $66.76 and a one year high of $104.35. The stock has a market capitalization of $15,793.24, a PE ratio of 868.50 and a beta of 1.37.

Liberty Broadband Corporation (NASDAQ:LBRDA) last issued its quarterly earnings data on Thursday, November 9th. The company reported ($0.05) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.08). Liberty Broadband Corporation had a net margin of 142.91% and a return on equity of 0.22%.

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In other Liberty Broadband Corporation news, Director John C. Malone sold 46,000 shares of the stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $100.94, for a total transaction of $4,643,240.00. Following the transaction, the director now owns 3,487,778 shares of the company’s stock, valued at approximately $352,056,311.32. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director John C. Malone sold 8,550 shares of the stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $98.11, for a total value of $838,840.50. Following the transaction, the director now directly owns 3,452,779 shares in the company, valued at approximately $338,752,147.69. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 299,520 shares of company stock valued at $29,279,408. 6.09% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. D.A. Davidson & CO. raised its stake in Liberty Broadband Corporation by 0.8% during the 2nd quarter. D.A. Davidson & CO. now owns 1,604 shares of the company’s stock valued at $137,000 after acquiring an additional 13 shares in the last quarter. Suntrust Banks Inc. increased its position in shares of Liberty Broadband Corporation by 1.1% during the 2nd quarter. Suntrust Banks Inc. now owns 5,470 shares of the company’s stock valued at $469,000 after purchasing an additional 62 shares during the period. Aviva PLC increased its position in shares of Liberty Broadband Corporation by 0.6% during the 2nd quarter. Aviva PLC now owns 14,454 shares of the company’s stock valued at $1,239,000 after purchasing an additional 80 shares during the period. Janney Montgomery Scott LLC increased its position in shares of Liberty Broadband Corporation by 5.9% during the 2nd quarter. Janney Montgomery Scott LLC now owns 2,999 shares of the company’s stock valued at $257,000 after purchasing an additional 166 shares during the period. Finally, Kirr Marbach & Co. LLC IN increased its position in shares of Liberty Broadband Corporation by 0.9% during the 2nd quarter. Kirr Marbach & Co. LLC IN now owns 20,790 shares of the company’s stock valued at $1,784,000 after purchasing an additional 187 shares during the period. 12.02% of the stock is currently owned by institutional investors and hedge funds.

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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