Liberty Broadband (LBRDA) Cut to “Sell” at ValuEngine

Liberty Broadband (NASDAQ:LBRDA) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.

Several other research analysts also recently issued reports on the company. upped their price objective on Liberty Broadband from $108.00 to $113.00 and gave the company a “buy” rating in a research note on Wednesday, November 15th. Buckingham Research initiated coverage on Liberty Broadband in a research note on Wednesday, December 13th. They issued a “buy” rating and a $119.00 price objective for the company. BidaskClub downgraded Liberty Broadband from a “sell” rating to a “strong sell” rating in a research note on Saturday, December 9th. Finally, Pivotal Research upped their price objective on Liberty Broadband from $108.00 to $113.00 and gave the company a “buy” rating in a research note on Wednesday, November 15th. Two equities research analysts have rated the stock with a sell rating and four have given a buy rating to the company. Liberty Broadband currently has a consensus rating of “Hold” and an average target price of $117.50.

Shares of Liberty Broadband (NASDAQ LBRDA) traded down $0.31 during midday trading on Wednesday, reaching $88.78. The company’s stock had a trading volume of 114,500 shares, compared to its average volume of 174,151. The company has a debt-to-equity ratio of 0.06, a quick ratio of 11.64 and a current ratio of 11.64. The firm has a market capitalization of $16,200.57, a P/E ratio of 887.89 and a beta of 1.38. Liberty Broadband has a 12-month low of $80.39 and a 12-month high of $104.35.

In other news, Director John E. Welsh III bought 2,000 shares of the firm’s stock in a transaction on Friday, December 22nd. The stock was acquired at an average price of $85.50 per share, with a total value of $171,000.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 6.09% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue acquired a new stake in Liberty Broadband during the 4th quarter valued at approximately $124,000. Quantbot Technologies LP acquired a new stake in Liberty Broadband during the 3rd quarter valued at approximately $140,000. Palladium Partners LLC acquired a new stake in Liberty Broadband during the 3rd quarter valued at approximately $202,000. Trexquant Investment LP acquired a new stake in Liberty Broadband during the 3rd quarter valued at approximately $208,000. Finally, First Republic Investment Management Inc. acquired a new stake in Liberty Broadband during the 3rd quarter valued at approximately $208,000. 12.30% of the stock is owned by institutional investors and hedge funds.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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