Zacks: Liberty Broadband Corporation (LBRDK) Receives Consensus Rating of “Hold” from Analysts
Shares of Liberty Broadband Corporation (NASDAQ:LBRDK) have been assigned a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.
Brokers have set a twelve-month consensus price objective of $98.00 for the company and are predicting that the company will post $0.27 earnings per share for the current quarter, according to Zacks. Zacks has also given Liberty Broadband Corporation an industry rank of 104 out of 265 based on the ratings given to its competitors.
Several equities analysts recently commented on the stock. TheStreet lowered shares of Liberty Broadband Corporation from a “b” rating to a “c+” rating in a research report on Wednesday, August 16th. Zacks Investment Research raised shares of Liberty Broadband Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, September 12th.
Shares of Liberty Broadband Corporation (LBRDK) traded up $1.35 during mid-day trading on Wednesday, reaching $91.09. 649,942 shares of the company traded hands, compared to its average volume of 765,468. Liberty Broadband Corporation has a 1 year low of $68.15 and a 1 year high of $104.66. The company has a quick ratio of 11.64, a current ratio of 11.64 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $16,520.00 and a price-to-earnings ratio of 878.80.
In other news, Director John C. Malone sold 45,000 shares of the stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $93.32, for a total value 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 $318,993,796.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John C. Malone sold 66,920 shares of the stock in a transaction on Monday, August 21st. The stock was sold at an average price of $100.58, for a total transaction of $6,730,813.60. Following the completion of 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. Insiders have sold 208,520 shares of company stock valued at $20,103,353 in the last ninety days. 10.80% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the company. Toronto Dominion Bank increased its position in shares of Liberty Broadband Corporation by 12.4% in the second quarter. Toronto Dominion Bank now owns 1,316 shares of the company’s stock worth $114,000 after acquiring an additional 145 shares in the last quarter. Advisor Group Inc. increased its position in shares of Liberty Broadband Corporation by 14.2% in the second quarter. Advisor Group Inc. now owns 1,674 shares of the company’s stock worth $146,000 after acquiring an additional 208 shares in the last quarter. Macquarie Group Ltd. increased its position in shares of Liberty Broadband Corporation by 260.0% in the second quarter. Macquarie Group Ltd. now owns 1,800 shares of the company’s stock worth $156,000 after acquiring an additional 1,300 shares in the last quarter. Massey Quick Simon & CO. LLC acquired a new stake in shares of Liberty Broadband Corporation in the third quarter worth $172,000. Finally, Fox Run Management L.L.C. acquired a new stake in shares of Liberty Broadband Corporation in the third quarter worth $200,000. 62.94% of the stock is owned by institutional investors.
Liberty Broadband Corporation 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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