Liberty Broadband Corporation (LBRDK) Scheduled to Post Quarterly Earnings on Thursday
Liberty Broadband Corporation (NASDAQ:LBRDK) is set to announce its Q3 earnings results before the market opens on Thursday, November 9th. Analysts expect the company to announce earnings of $0.25 per share for the quarter.
Liberty Broadband Corporation (NASDAQ LBRDK) opened at $90.55 on Tuesday. The company has a current ratio of 11.64, a quick ratio of 11.64 and a debt-to-equity ratio of 0.06. The stock has a market cap of $13,372.38, a price-to-earnings ratio of 513.82 and a beta of 1.33. Liberty Broadband Corporation has a 1 year low of $63.64 and a 1 year high of $104.66.
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A number of analysts have recently commented on LBRDK shares. Morgan Stanley restated an “equal weight” rating and set a $95.00 target price (up previously from $91.00) on shares of Liberty Broadband Corporation in a report on Monday, July 17th. Zacks Investment Research cut shares of Liberty Broadband Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 20th. Finally, TheStreet cut shares of Liberty Broadband Corporation from a “b” rating to a “c+” rating in a report on Wednesday, August 16th.
In other news, Director John C. Malone sold 45,000 shares of the company’s stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $93.32, for a total transaction of $4,199,400.00. Following the completion of the sale, the director now owns 3,418,279 shares of the company’s stock, valued at approximately $318,993,796.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John C. Malone sold 66,920 shares of the company’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $100.58, for a total transaction of $6,730,813.60. Following the sale, the director now directly owns 3,498,779 shares of the company’s stock, valued at approximately $351,907,191.82. The disclosure for this sale can be found here. In the last quarter, insiders sold 208,520 shares of company stock worth $20,103,353. 10.80% of the stock is currently owned by company insiders.
About Liberty Broadband Corporation
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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