Liberty Broadband Corp (NASDAQ:LBRDK) has been given a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.
Analysts have set a 12 month consensus price objective of $104.00 for the company and are predicting that the company will post $0.28 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Liberty Broadband an industry rank of 166 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research raised shares of Liberty Broadband from a “hold” rating to a “strong-buy” rating and set a $107.00 target price on the stock in a research note on Saturday, January 20th.
In other news, Director John E. Welsh III bought 2,000 shares of the firm’s stock in a transaction that occurred on Friday, December 22nd. The shares were bought at an average cost of $85.50 per share, with a total value of $171,000.00. Following the completion of the purchase, the director now directly owns 5,000 shares in the company, valued at $427,500. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 10.80% of the stock is owned by insiders.
A number of institutional investors have recently modified their holdings of LBRDK. Prudential Financial Inc. purchased a new position in Liberty Broadband during the 2nd quarter valued at $223,000. Ameriprise Financial Inc. increased its position in Liberty Broadband by 4.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 50,779 shares of the company’s stock valued at $4,379,000 after purchasing an additional 1,992 shares during the period. Advisor Group Inc. increased its position in Liberty Broadband by 14.2% during the 2nd 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 period. Parametric Portfolio Associates LLC increased its position in Liberty Broadband by 22.0% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 84,260 shares of the company’s stock valued at $7,310,000 after purchasing an additional 15,210 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Liberty Broadband by 7.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 721,472 shares of the company’s stock valued at $62,589,000 after purchasing an additional 47,163 shares during the period. 54.12% of the stock is currently owned by institutional investors and hedge funds.
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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