Shares of Liberty Broadband Corp (NASDAQ:LBRDK) have been assigned an average broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.
Brokerages have set a 12-month consensus target price of $98.00 for the company and are predicting that the company will post $0.27 EPS for the current quarter, according to Zacks. Zacks has also given Liberty Broadband an industry rank of 212 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research cut shares of Liberty Broadband from a “hold” rating to a “sell” rating in a research report on Friday, October 20th.
Large investors have recently modified their holdings of the stock. Toronto Dominion Bank increased its stake in Liberty Broadband by 12.4% during the second quarter. Toronto Dominion Bank now owns 1,316 shares of the company’s stock valued at $114,000 after purchasing an additional 145 shares during the last quarter. Advisor Group Inc. increased its stake in Liberty Broadband by 14.2% during the second quarter. Advisor Group Inc. now owns 1,674 shares of the company’s stock valued at $146,000 after purchasing an additional 208 shares during the last quarter. Macquarie Group Ltd. increased its stake in Liberty Broadband by 260.0% during the second quarter. Macquarie Group Ltd. now owns 1,800 shares of the company’s stock valued at $156,000 after purchasing an additional 1,300 shares during the last quarter. Massey Quick Simon & CO. LLC bought a new stake in Liberty Broadband during the third quarter valued at $172,000. Finally, Fox Run Management L.L.C. bought a new stake in Liberty Broadband during the third quarter valued at $200,000. Institutional investors and hedge funds own 54.02% of the company’s stock.
Liberty Broadband (NASDAQ:LBRDK) traded up $1.09 on Thursday, hitting $89.63. 1,104,400 shares of the company traded hands, compared to its average volume of 1,030,850. 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 twelve month low of $72.55 and a twelve month high of $104.66. The firm has a market capitalization of $16,290.00, a PE ratio of 896.30 and a beta of 1.29.
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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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