Buckingham Research Begins Coverage on Liberty Broadband (LBRDA)
Equities researchers at Buckingham Research assumed coverage on shares of Liberty Broadband (NASDAQ:LBRDA) in a research note issued to investors on Wednesday, The Fly reports. The brokerage set a “buy” rating on the stock.
LBRDA has been the subject of a number of other reports. increased their price objective on shares of Liberty Broadband from $108.00 to $113.00 and gave the stock a “buy” rating in a research note on Wednesday, November 15th. Telsey Advisory Group restated an “outperform” rating and set a $125.00 price objective (up from $95.00) on shares of Liberty Broadband in a research note on Thursday, September 7th. Pivotal Research restated a “buy” rating and set a $108.00 price objective (up from $107.00) on shares of Liberty Broadband in a research note on Tuesday, August 15th. BidaskClub downgraded shares of Liberty Broadband from a “sell” rating to a “strong sell” rating in a research note on Saturday. Finally, TheStreet downgraded shares of Liberty Broadband from a “b” rating to a “c+” rating in a research note on Wednesday, August 16th. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. Liberty Broadband currently has a consensus rating of “Buy” and a consensus target price of $113.25.
Liberty Broadband (NASDAQ LBRDA) opened at $84.73 on Wednesday. The firm has a market cap of $15,558.66, a price-to-earnings ratio of 855.60 and a beta of 1.33. The company has a debt-to-equity ratio of 0.06, a current ratio of 11.64 and a quick ratio of 11.64. Liberty Broadband has a one year low of $70.40 and a one year high of $104.35.
Liberty Broadband (NASDAQ:LBRDA) last announced its earnings results on Thursday, November 9th. The company reported ($0.05) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.08). Liberty Broadband had a return on equity of 0.22% and a net margin of 142.91%. analysts predict that Liberty Broadband will post 0.13 earnings per share for the current year.
In other news, Director John C. Malone sold 8,550 shares of the company’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $98.11, for a total value of $838,840.50. Following the sale, the director now directly owns 3,452,779 shares of the company’s stock, valued at approximately $338,752,147.69. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director John C. Malone sold 34,500 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $95.18, for a total transaction of $3,283,710.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 141,600 shares of company stock worth $13,372,539. 6.09% of the stock is owned by insiders.
Institutional investors have recently added to or reduced their stakes in the business. D.A. Davidson & CO. raised its holdings in Liberty Broadband by 0.8% in the 2nd quarter. D.A. Davidson & CO. now owns 1,604 shares of the company’s stock valued at $137,000 after acquiring an additional 13 shares during the period. Quantbot Technologies LP bought a new position in Liberty Broadband in the 3rd quarter valued at about $140,000. Palladium Partners LLC bought a new position in Liberty Broadband in the 3rd quarter valued at about $202,000. Trexquant Investment LP bought a new position in Liberty Broadband in the 3rd quarter valued at about $208,000. Finally, First Republic Investment Management Inc. bought a new position in Liberty Broadband in the 3rd quarter valued at about $208,000. 12.34% of the stock is currently owned by hedge funds and other institutional investors.
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About Liberty Broadband
Liberty Broadband Corporation holds interest in Charter Communications, Inc (Charter) and its subsidiary Skyhook Holding, Inc (Skyhook). The Company’s segments include Skyhook, Charter, and Corporate and other. Skyhook provides a wireless fidelity (Wi-Fi)-based location platform focused on providing positioning technology and contextual location intelligence solutions.
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