Liberty Broadband Corp. (LBRDK) Downgraded by Zacks Investment Research
Liberty Broadband Corp. (NASDAQ:LBRDK) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Tuesday.
According to Zacks, “Liberty Broadband Corporation, through its subsidiaries, engages in providing digital cable services to residential and commercial customers; and entertainment, information, and communications solutions. It also provides wireless location positioning and related services. Liberty Broadband Corporation is based in Englewood, Colorado. “
Separately, TheStreet upgraded shares of Liberty Broadband Corp. from a “hold” rating to a “buy” rating in a report on Thursday, November 3rd.
Liberty Broadband Corp. (NASDAQ:LBRDK) opened at 68.75 on Tuesday. Liberty Broadband Corp. has a 52 week low of $41.30 and a 52 week high of $72.94. The company has a 50-day moving average of $68.68 and a 200-day moving average of $64.53. The stock has a market cap of $12.49 billion, a P/E ratio of 10.86 and a beta of 1.40.
A number of hedge funds have recently bought and sold shares of LBRDK. First Republic Investment Management Inc. increased its stake in Liberty Broadband Corp. by 100.7% in the first quarter. First Republic Investment Management Inc. now owns 4,639,530 shares of the company’s stock worth $268,860,000 after buying an additional 2,327,987 shares during the period. Marcato Capital Management LP increased its stake in Liberty Broadband Corp. by 31.1% in the first quarter. Marcato Capital Management LP now owns 1,168,825 shares of the company’s stock worth $67,733,000 after buying an additional 277,313 shares during the period. State Street Corp increased its stake in Liberty Broadband Corp. by 2.0% in the first quarter. State Street Corp now owns 852,241 shares of the company’s stock worth $49,388,000 after buying an additional 16,410 shares during the period. JPMorgan Chase & Co. increased its stake in Liberty Broadband Corp. by 40.0% in the first quarter. JPMorgan Chase & Co. now owns 37,201 shares of the company’s stock worth $2,156,000 after buying an additional 10,622 shares during the period. Finally, Vanguard Group Inc. increased its stake in Liberty Broadband Corp. by 88.8% in the second quarter. Vanguard Group Inc. now owns 8,635,212 shares of the company’s stock worth $518,113,000 after buying an additional 4,062,639 shares during the period. 67.88% of the stock is owned by hedge funds and other institutional investors.
About Liberty Broadband Corp.
Liberty Broadband Corporation holds interests in Charter Communications, Inc (Charter), TruePosition, Inc (TruePosition) and Time Warner Cable, Inc (TWC). The Company’s segments include Trueposition, Charter, and Corporate and other. The TruePosition segment includes the operations of TruePosition, a subsidiary of the Company that develops and markets technology for locating wireless phones and other wireless devices on a cellular network, enabling wireless carriers and government agencies to provide public safety E-9-1-1 services domestically and services in support of national security and law enforcement across the world.
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