Liberty Broadband’s (LBRDK) Hold (C-) Rating Reiterated at Weiss Ratings

Weiss Ratings restated their hold (c-) rating on shares of Liberty Broadband (NASDAQ:LBRDK) in a report published on Friday morning,Weiss Ratings reports.

Separately, Wall Street Zen upgraded shares of Liberty Broadband to a “hold” rating in a research note on Saturday, July 12th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Liberty Broadband Stock Up 1.2%

Shares of LBRDK opened at $53.82 on Friday. The stock has a market cap of $7.72 billion, a price-to-earnings ratio of 7.10 and a beta of 1.01. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. Liberty Broadband has a 12 month low of $49.59 and a 12 month high of $104.00. The company has a 50-day moving average price of $60.24 and a two-hundred day moving average price of $76.54.

Institutional Trading of Liberty Broadband

Hedge funds have recently modified their holdings of the company. SouthState Corp acquired a new stake in shares of Liberty Broadband during the first quarter worth approximately $25,000. Parkside Financial Bank & Trust increased its holdings in shares of Liberty Broadband by 195.1% during the second quarter. Parkside Financial Bank & Trust now owns 360 shares of the company’s stock worth $35,000 after buying an additional 238 shares in the last quarter. Assetmark Inc. increased its holdings in shares of Liberty Broadband by 1,054.1% during the second quarter. Assetmark Inc. now owns 427 shares of the company’s stock worth $42,000 after buying an additional 390 shares in the last quarter. Fortitude Family Office LLC acquired a new stake in shares of Liberty Broadband in the second quarter valued at approximately $48,000. Finally, Vestor Capital LLC acquired a new stake in shares of Liberty Broadband in the first quarter valued at approximately $44,000. Institutional investors and hedge funds own 80.22% of the company’s stock.

Liberty Broadband Company Profile

Liberty Broadband Corporation engages in the communications businesses. The company's GCI Holdings segment provides data, wireless, video, voice, and managed services to residential customers, businesses, governmental entities, educational, and medical institutions in Alaska under the GCI brand.