Liberty Broadband (NASDAQ:LBRDA) Price Target Lowered to $72.00 at Evercore ISI

Liberty Broadband (NASDAQ:LBRDA) had its price objective reduced by Evercore ISI from $106.00 to $72.00 in a research report sent to investors on Tuesday, Benzinga reports. Evercore ISI currently has an outperform rating on the stock.

Liberty Broadband Stock Up 1.4 %

LBRDA stock opened at $54.65 on Tuesday. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.41. The business has a 50 day moving average price of $52.06 and a two-hundred day moving average price of $60.43. The company has a market cap of $7.81 billion, a price-to-earnings ratio of 9.27, a P/E/G ratio of 0.11 and a beta of 1.03. Liberty Broadband has a twelve month low of $47.17 and a twelve month high of $95.61.

Liberty Broadband (NASDAQ:LBRDA) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $1.69 earnings per share for the quarter, missing analysts’ consensus estimates of $2.80 by ($1.11). Liberty Broadband had a net margin of 87.75% and a return on equity of 9.55%. The company had revenue of $245.00 million during the quarter, compared to the consensus estimate of $248.46 million. Analysts anticipate that Liberty Broadband will post 12.03 EPS for the current fiscal year.

Insider Buying and Selling at Liberty Broadband

In other news, Director J David Wargo sold 15,000 shares of the business’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $51.98, for a total transaction of $779,700.00. Following the completion of the transaction, the director now owns 72,332 shares of the company’s stock, valued at approximately $3,759,817.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 14.19% of the company’s stock.

Hedge Funds Weigh In On Liberty Broadband

A number of institutional investors and hedge funds have recently bought and sold shares of LBRDA. Headlands Technologies LLC acquired a new stake in Liberty Broadband during the first quarter worth approximately $49,000. Principal Securities Inc. acquired a new stake in Liberty Broadband during the fourth quarter worth approximately $51,000. Spire Wealth Management grew its stake in Liberty Broadband by 9,080.0% during the first quarter. Spire Wealth Management now owns 918 shares of the company’s stock worth $52,000 after purchasing an additional 908 shares during the period. Central Pacific Bank Trust Division acquired a new stake in Liberty Broadband in the first quarter valued at approximately $72,000. Finally, Citigroup Inc. grew its stake in Liberty Broadband by 14.2% in the third quarter. Citigroup Inc. now owns 1,348 shares of the company’s stock valued at $123,000 after acquiring an additional 168 shares during the period. Institutional investors and hedge funds own 10.29% of the company’s stock.

Liberty Broadband Company Profile

Liberty Broadband Corporation engages in the communications businesses. The company's GCI Holdings segment provides data, wireless, video, voice, and managed services to residential customers, businesses, governmental entities, educational, and medical institutions in Alaska under the GCI brand.