Liberty Broadband (NASDAQ:LBRDA) Stock Rating Lowered by Rosenblatt Securities

Liberty Broadband (NASDAQ:LBRDA) was downgraded by equities researchers at Rosenblatt Securities from a “buy” rating to a “neutral” rating in a research report issued on Thursday, Marketbeat.com reports. They currently have a $92.00 target price on the stock, up from their prior target price of $91.00. Rosenblatt Securities’ target price indicates a potential upside of 4.97% from the company’s previous close.

Separately, Deutsche Bank Aktiengesellschaft lowered their target price on Liberty Broadband from $104.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, August 16th.

Liberty Broadband Stock Down 1.8 %

Liberty Broadband stock opened at $87.64 on Thursday. The firm has a market cap of $12.52 billion, a price-to-earnings ratio of 16.38 and a beta of 1.04. The stock has a fifty day simple moving average of $77.26 and a two-hundred day simple moving average of $63.38. Liberty Broadband has a 12 month low of $47.17 and a 12 month high of $100.44. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40.

Liberty Broadband (NASDAQ:LBRDA) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.66). The firm had revenue of $262.00 million during the quarter, compared to analysts’ expectations of $242.40 million. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. During the same quarter last year, the business earned $1.10 earnings per share.

Insider Buying and Selling at Liberty Broadband

In other Liberty Broadband news, insider Renee L. Wilm sold 4,423 shares of the company’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $76.56, for a total transaction of $338,624.88. Following the completion of the sale, the insider now owns 3,670 shares in the company, valued at $280,975.20. This represents a 54.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Brian J. Wendling sold 2,208 shares of the company’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $75.84, for a total value of $167,454.72. Following the sale, the chief accounting officer now owns 11,054 shares of the company’s stock, valued at approximately $838,335.36. This represents a 16.65 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 14.19% of the company’s stock.

Hedge Funds Weigh In On Liberty Broadband

Several hedge funds have recently made changes to their positions in LBRDA. Sei Investments Co. boosted its stake in shares of Liberty Broadband by 8.5% during the 1st quarter. Sei Investments Co. now owns 12,210 shares of the company’s stock worth $698,000 after acquiring an additional 960 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of Liberty Broadband during the 1st quarter worth about $49,000. State Board of Administration of Florida Retirement System lifted its stake in Liberty Broadband by 16.4% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 21,537 shares of the company’s stock valued at $1,230,000 after buying an additional 3,033 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Liberty Broadband by 6.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,838 shares of the company’s stock valued at $505,000 after buying an additional 540 shares in the last quarter. Finally, Comerica Bank lifted its stake in Liberty Broadband by 16.0% in the 1st quarter. Comerica Bank now owns 7,283 shares of the company’s stock valued at $416,000 after buying an additional 1,003 shares in the last quarter. 10.29% of the stock is owned by institutional investors and hedge funds.

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. Its Charter segment offers subscription-based Internet and video services, and mobile and voice services; and state-of-the-art residential and business services, which includes Spectrum Internet, TV, mobile and voice for small and medium-sized companies; Spectrum Business provides a suite of broadband products and services for businesses and government application; Spectrum Enterprise offers customized fiber-based solutions; Spectrum Reach provides advertising and production for the modern media landscape.