Liberty Broadband Corp (LBRDA) Given Consensus Recommendation of “Buy” by Analysts

Shares of Liberty Broadband Corp (NASDAQ:LBRDA) have been given an average recommendation of “Buy” by the seven brokerages that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $114.40.

A number of research analysts have commented on the stock. BidaskClub upgraded shares of Liberty Broadband from a “sell” rating to a “hold” rating in a research note on Wednesday. Telsey Advisory Group restated an “outperform” rating and issued a $125.00 price objective (up from $95.00) on shares of Liberty Broadband in a research note on Thursday, September 7th. lifted their price objective on shares of Liberty Broadband from $108.00 to $113.00 and gave the company a “buy” rating in a research note on Wednesday, November 15th. Pivotal Research lifted their price objective on shares of Liberty Broadband from $108.00 to $113.00 and gave the company a “buy” rating in a research note on Wednesday, November 15th. Finally, Buckingham Research assumed coverage on shares of Liberty Broadband in a research note on Wednesday, December 13th. They issued a “buy” rating and a $119.00 price objective on the stock.

In other Liberty Broadband news, Director John E. Welsh III purchased 2,000 shares of Liberty Broadband stock in a transaction on Friday, December 22nd. The shares were bought at an average price of $85.50 per share, with a total value of $171,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John C. Malone sold 45,000 shares of the company’s stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $93.32, for a total transaction of $4,199,400.00. The disclosure for this sale can be found here. Corporate insiders own 6.09% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in LBRDA. State of Wisconsin Investment Board lifted its stake in shares of Liberty Broadband by 372.3% during the third quarter. State of Wisconsin Investment Board now owns 393,298 shares of the company’s stock valued at $37,041,000 after buying an additional 310,026 shares during the period. Newtyn Management LLC acquired a new position in Liberty Broadband during the third quarter worth approximately $23,074,000. Simcoe Capital Management LLC acquired a new position in Liberty Broadband during the third quarter worth approximately $13,207,000. Ameriprise Financial Inc. increased its position in Liberty Broadband by 720.1% during the third quarter. Ameriprise Financial Inc. now owns 88,165 shares of the company’s stock worth $8,303,000 after purchasing an additional 77,414 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in Liberty Broadband by 4.5% during the second quarter. Vanguard Group Inc. now owns 1,748,982 shares of the company’s stock worth $150,045,000 after purchasing an additional 75,769 shares during the last quarter. 12.33% of the stock is currently owned by institutional investors and hedge funds.

Shares of Liberty Broadband (LBRDA) opened at $89.49 on Thursday. Liberty Broadband has a 1 year low of $70.49 and a 1 year high of $104.35. The stock has a market cap of $16,310.00, a price-to-earnings ratio of 894.90 and a beta of 1.33. The company has a debt-to-equity ratio of 0.06, a quick ratio of 11.64 and a current ratio of 11.64.

Liberty Broadband (NASDAQ:LBRDA) last announced its quarterly earnings results on Thursday, November 9th. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.08). Liberty Broadband had a net margin of 142.91% and a return on equity of 0.22%. research analysts anticipate that Liberty Broadband will post 0.1 earnings per share for the current year.

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Liberty Broadband Company Profile

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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