Liberty Broadband Corp. (NASDAQ:LBRDA) Given Average Rating of “Buy” by Brokerages
Shares of Liberty Broadband Corp. (NASDAQ:LBRDA) have been assigned an average rating of “Buy” from the six analysts that are covering the stock. One investment analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $77.00.
Several research firms have recently issued reports on LBRDA. Pivotal Research restated a “buy” rating and set a $94.00 price objective on shares of Liberty Broadband Corp. in a report on Monday, September 26th. Deutsche Bank AG upped their target price on shares of Liberty Broadband Corp. from $76.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, August 12th. Zacks Investment Research raised shares of Liberty Broadband Corp. from a “hold” rating to a “buy” rating and set a $69.00 target price on the stock in a research note on Wednesday, July 13th. Finally, Wunderlich upped their target price on shares of Liberty Broadband Corp. from $70.00 to $73.00 and gave the company a “buy” rating in a research note on Wednesday, June 22nd.
In other Liberty Broadband Corp. news, insider Albert E. Rosenthaler sold 1,907 shares of the business’s stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $67.39, for a total value of $128,512.73. Following the transaction, the insider now directly owns 18,769 shares in the company, valued at $1,264,842.91. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director John C. Malone sold 122,795 shares of the business’s stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $68.45, for a total transaction of $8,405,317.75. Following the completion of the transaction, the director now owns 4,145,781 shares in the company, valued at $283,778,709.45. The disclosure for this sale can be found here. 11.32% of the stock is currently owned by company insiders.
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A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in Liberty Broadband Corp. by 2.1% in the second quarter. Vanguard Group Inc. now owns 1,729,792 shares of the company’s stock worth $102,750,000 after buying an additional 36,102 shares during the period. Principal Financial Group Inc. raised its position in shares of Liberty Broadband Corp. by 2.3% in the second quarter. Principal Financial Group Inc. now owns 1,137,084 shares of the company’s stock worth $67,541,000 after buying an additional 25,174 shares during the last quarter. FPR Partners LLC raised its position in shares of Liberty Broadband Corp. by 4.3% in the first quarter. FPR Partners LLC now owns 638,188 shares of the company’s stock worth $37,117,000 after buying an additional 26,414 shares during the last quarter. Marcato Capital Management LP raised its position in shares of Liberty Broadband Corp. by 36.3% in the first quarter. Marcato Capital Management LP now owns 589,439 shares of the company’s stock worth $34,282,000 after buying an additional 157,057 shares during the last quarter. Finally, Bridger Management LLC bought a new position in shares of Liberty Broadband Corp. during the first quarter worth about $25,351,000. Hedge funds and other institutional investors own 79.34% of the company’s stock.
Liberty Broadband Corp. (NASDAQ:LBRDA) traded down 0.92% on Friday, hitting $68.87. 25,125 shares of the company were exchanged. The stock has a 50 day moving average price of $69.16 and a 200 day moving average price of $62.05. The firm has a market cap of $12.51 billion, a price-to-earnings ratio of 9.52 and a beta of 1.39. Liberty Broadband Corp. has a one year low of $42.03 and a one year high of $71.77.
About Liberty Broadband Corp.
Liberty Broadband Corporation holds interests in Charter Communications, Inc (Charter), TruePosition, Inc (TruePosition) and Time Warner Cable, Inc (TWC). The Company’s segments include Trueposition, Charter, and Corporate and other. The TruePosition segment includes the operations of TruePosition, a subsidiary of the Company that develops and markets technology for locating wireless phones and other wireless devices on a cellular network, enabling wireless carriers and government agencies to provide public safety E-9-1-1 services domestically and services in support of national security and law enforcement across the world.
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