Buckingham Research initiated coverage on shares of Liberty Broadband (NASDAQ:LBRDA) in a report released on Wednesday. The firm set a “buy” rating and a $119.00 price target on the stock. Buckingham Research’s price target would suggest a potential upside of 40.91% from the company’s current price.

Several other equities analysts have also issued reports on LBRDA. TheStreet lowered shares of Liberty Broadband from a “b” rating to a “c+” rating in a report on Wednesday, August 16th. Pivotal Research boosted their price target on shares of Liberty Broadband from $108.00 to $113.00 and gave the company a “buy” rating in a report on Wednesday, November 15th. Telsey Advisory Group reissued an “outperform” rating and issued a $125.00 price target (up previously from $95.00) on shares of Liberty Broadband in a report on Thursday, September 7th. BidaskClub lowered shares of Liberty Broadband from a “sell” rating to a “strong sell” rating in a report on Saturday, December 9th. Finally, boosted their price target on shares of Liberty Broadband from $108.00 to $113.00 and gave the company a “buy” rating in a report on Wednesday, November 15th. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $114.40.

Shares of Liberty Broadband (LBRDA) traded down $0.20 during trading on Wednesday, hitting $84.45. 156,500 shares of the company’s stock traded hands, compared to its average volume of 135,543. The company has a market cap of $15,393.18, a PE ratio of 846.50 and a beta of 1.33. Liberty Broadband has a 52 week low of $70.45 and a 52 week high of $104.35. The company has a quick ratio of 11.64, a current ratio of 11.64 and a debt-to-equity ratio of 0.06.

Liberty Broadband (NASDAQ:LBRDA) last issued its earnings results on Thursday, November 9th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.08). Liberty Broadband had a net margin of 142.91% and a return on equity of 0.22%. research analysts forecast that Liberty Broadband will post 0.13 earnings per share for the current fiscal year.

In related news, Director John C. Malone sold 8,550 shares of the company’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $98.11, for a total value of $838,840.50. Following the completion of the transaction, the director now directly owns 3,452,779 shares of the company’s stock, valued at approximately $338,752,147.69. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John C. Malone sold 34,500 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $95.18, for a total transaction of $3,283,710.00. The disclosure for this sale can be found here. Insiders sold a total of 141,600 shares of company stock valued at $13,372,539 in the last three months. 6.09% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Quantbot Technologies LP acquired a new position in shares of Liberty Broadband during the 3rd quarter worth about $140,000. D.A. Davidson & CO. boosted its stake in shares of Liberty Broadband by 0.8% during the 2nd quarter. D.A. Davidson & CO. now owns 1,604 shares of the company’s stock worth $137,000 after buying an additional 13 shares during the last quarter. Palladium Partners LLC acquired a new position in shares of Liberty Broadband during the 3rd quarter worth about $202,000. Trexquant Investment LP acquired a new position in shares of Liberty Broadband during the 3rd quarter worth about $208,000. Finally, First Republic Investment Management Inc. acquired a new position in shares of Liberty Broadband during the 3rd quarter worth about $208,000. 12.34% of the stock is owned by hedge funds and other institutional investors.

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About Liberty Broadband

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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