Liberty Broadband Corp (NASDAQ:LBRDA) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research note issued to investors 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. “

A number of other equities research analysts have also recently commented on LBRDA. TheStreet raised shares of Liberty Broadband Corp from a “hold” rating to a “buy” rating in a research report on Thursday, November 3rd. Pivotal Research reaffirmed a “buy” rating and issued a $94.00 price target on shares of Liberty Broadband Corp in a report on Monday, September 26th. Finally, Deutsche Bank AG raised their price target on shares of Liberty Broadband Corp from $76.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, August 12th. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $77.00.

Shares of Liberty Broadband Corp (NASDAQ:LBRDA) opened at 68.93 on Tuesday. Liberty Broadband Corp has a 52-week low of $42.03 and a 52-week high of $71.77. The company has a market cap of $12.52 billion, a P/E ratio of 10.89 and a beta of 1.43. The firm has a 50-day moving average of $66.61 and a 200-day moving average of $64.17.

In related news, insider Richard N. Baer sold 1,985 shares of the firm’s stock in a transaction on Friday, October 14th. The shares were sold at an average price of $68.17, for a total transaction of $135,317.45. Following the sale, the insider now owns 4,843 shares in the company, valued at $330,147.31. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director John C. Malone sold 115,112 shares of the firm’s stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $70.15, for a total transaction of $8,075,106.80. Following the sale, the director now owns 4,002,935 shares in the company, valued at approximately $280,805,890.25. The disclosure for this sale can be found here. 11.32% of the stock is currently owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in LBRDA. Cutler Group LP raised its stake in Liberty Broadband Corp by 19.8% in the third quarter. Cutler Group LP now owns 2,537 shares of the company’s stock valued at $177,000 after buying an additional 420 shares in the last quarter. D.A. Davidson & CO. raised its stake in Liberty Broadband Corp by 2.3% in the third quarter. D.A. Davidson & CO. now owns 2,796 shares of the company’s stock valued at $195,000 after buying an additional 63 shares in the last quarter. Panagora Asset Management Inc. raised its stake in Liberty Broadband Corp by 37.1% in the second quarter. Panagora Asset Management Inc. now owns 3,328 shares of the company’s stock valued at $198,000 after buying an additional 900 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new stake in Liberty Broadband Corp during the third quarter valued at approximately $205,000. Finally, Shufro Rose & Co. LLC purchased a new stake in Liberty Broadband Corp during the third quarter valued at approximately $211,000. Institutional investors own 81.65% of the company’s stock.

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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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