Zacks Investment Research downgraded shares of Liberty Broadband Corp (NASDAQ:LBRDA) from a hold rating to a sell rating in a report issued on Wednesday.

According to Zacks, “Liberty Broadband Corporation, through its subsidiaries, engages in providing digital cable services to residential and commercial customers; and entertainment, information, and communications solutions. It also provides wireless location positioning and related services. Liberty Broadband Corporation is based in Englewood, Colorado. “

Other analysts also recently issued research reports about the company. TheStreet upgraded Liberty Broadband Corp from a c+ rating to a b- rating in a research note on Wednesday, March 8th. Telsey Advisory Group raised their price objective on Liberty Broadband Corp from $85.00 to $95.00 and gave the stock an outperform rating in a research report on Friday, February 17th. Pivotal Research reiterated a buy rating and issued a $108.00 price objective (up previously from $94.00) on shares of Liberty Broadband Corp in a research report on Thursday, February 16th. Finally, Macquarie upgraded Liberty Broadband Corp from a neutral rating to an outperform rating and set a $102.00 price objective for the company in a research report on Friday, January 27th. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. Liberty Broadband Corp currently has an average rating of Buy and a consensus target price of $87.83.

Analyst Recommendations for Liberty Broadband Corp (NASDAQ:LBRDA)

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Shares of Liberty Broadband Corp (NASDAQ:LBRDA) opened at 84.17 on Wednesday. Liberty Broadband Corp has a 12-month low of $54.53 and a 12-month high of $87.47. The stock has a market cap of $15.30 billion, a PE ratio of 14.03 and a beta of 1.51. The firm has a 50-day moving average price of $84.25 and a 200 day moving average price of $73.68.

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In other Liberty Broadband Corp news, insider Richard N. Baer sold 40,139 shares of the firm’s stock in a transaction that occurred on Tuesday, January 3rd. The stock was sold at an average price of $72.59, for a total value of $2,913,690.01. Following the completion of the sale, the insider now owns 13,288 shares in the company, valued at approximately $964,575.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 11.32% of the stock is currently owned by company insiders.

Several institutional investors have recently modified their holdings of the company. Norges Bank bought a new position in shares of Liberty Broadband Corp during the fourth quarter worth about $59,113,000. Envestnet Asset Management Inc. boosted its position in shares of Liberty Broadband Corp by 2.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 4,172 shares of the company’s stock worth $297,000 after buying an additional 99 shares during the last quarter. Credit Agricole S A bought a new position in shares of Liberty Broadband Corp during the fourth quarter worth about $405,000. Manikay Partners LLC bought a new position in shares of Liberty Broadband Corp during the fourth quarter worth about $2,898,000. Finally, Brown Advisory Inc. boosted its position in shares of Liberty Broadband Corp by 3.5% in the fourth quarter. Brown Advisory Inc. now owns 8,112 shares of the company’s stock worth $589,000 after buying an additional 278 shares during the last quarter. 80.64% of the stock is owned by institutional investors and hedge funds.

Liberty Broadband Corp Company Profile

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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