Liberty Broadband (NASDAQ:LBRDA) Price Target Cut to $115.00 by Analysts at Benchmark

Liberty Broadband (NASDAQ:LBRDA) had its target price cut by Benchmark from $130.00 to $115.00 in a research report released on Monday,Benzinga reports. They currently have a buy rating on the stock.

Liberty Broadband Stock Down 0.0 %

NASDAQ LBRDA opened at $85.00 on Monday. The stock has a market capitalization of $12.18 billion, a P/E ratio of 15.65 and a beta of 1.08. Liberty Broadband has a 52 week low of $47.17 and a 52 week high of $100.44. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. The stock has a fifty day moving average of $80.84 and a 200-day moving average of $79.94.

Liberty Broadband (NASDAQ:LBRDA) last announced its quarterly earnings data on Thursday, February 27th. The company reported $2.04 EPS for the quarter, topping analysts’ consensus estimates of $1.73 by $0.31. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. The firm had revenue of $263.00 million during the quarter, compared to analyst estimates of $252.50 million.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in LBRDA. JNE Partners LLP acquired a new stake in shares of Liberty Broadband during the fourth quarter worth $47,230,000. Wealthfront Advisers LLC acquired a new position in shares of Liberty Broadband during the 4th quarter worth about $35,441,000. Norges Bank bought a new stake in shares of Liberty Broadband in the 4th quarter valued at about $15,896,000. Aristeia Capital L.L.C. increased its stake in shares of Liberty Broadband by 9.1% in the 4th quarter. Aristeia Capital L.L.C. now owns 1,675,445 shares of the company’s stock valued at $124,586,000 after acquiring an additional 139,186 shares during the last quarter. Finally, Toronto Dominion Bank acquired a new stake in shares of Liberty Broadband in the 4th quarter valued at approximately $10,190,000. Institutional investors and hedge funds own 10.29% of the company’s stock.

About Liberty Broadband

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.