Liberty Broadband Corporation (LBRDA) Saw a 52-Week High
The company is now unchanged by 0.00% since yesterday’s close of $93.65. Shares of the company are trading at $93.65 which is just over $86.75, the stock’s 50 day moving average and a bit higher than the 200 day moving average of $84.90. The 50 day moving average moved up $6.90 whereas the 200 day moving average was up $8.75 or +10.31%. Short traders are more bearish on Liberty Broadband Corporation recently considering the change in short interest. The stock saw a rise in short interest from June 15, 2017 to May 31, 2017 of 24.05%. Short shares increased 109,631 over that timeframe. Days to cover increased 1.8 to 6.0 and the percentage of shorted shares is 0.00% as of May 31.
Here is the rundown on market activity for Liberty Broadband Corporation (NASDAQ:LBRDA). John C. Malone, Director sold $505,134 worth of shares at an average price of $88.62 on Mon the 17th. That brings Malone’s holdings to $20,354,951 as recorded in a recent Form 4 SEC filing. Director John C. Malone disclosed the sale of 23,000 shares of (LBRDA). The shares were purchased at an average price of $84.53.
Malone now owns $319,739,290 of the stock according to the SEC filing. John C. Malone, Director sold $3,506,400 worth of shares at an average price of $87.66 on June 12th. The Director now owns $20,634,112 of the stock as reported to the SEC. Liberty Broadband Corporation, launched on June 26, 2014, holds interest in Charter Communications, Inc. (Charter) and its subsidiary Skyhook Holding, Inc. (Skyhook).
The Business’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. Charter is an equity method investment that provides cable services in the United States, offering a range of entertainment, information and communications solutions to residential and commercial customers. Charter offers its customers subscription-based video services, including video on demand (VOD), high definition (HD) television, and digital video recorder (DVR) service, Internet services and voice services.. These funds have also shifted positions in (LBRDA). As of quarter end Bessemer Group Inc had sold a total of 218 shares trimming its position 54.9%. The value in dollars decreased from $34,000 to $15,000 a change of 55.9% quarter to quarter.
As of the end of the quarter Ngam Advisors, L.p. had disposed of 23 shares trimming its stake by 0.1%. The value of the company’s investment in Liberty Broadband Corporation went from $2,469,000 to $2,488,000 increasing 0.8% for the reporting period. Janney Montgomery Scott LLC added to its stake by buying 166 shares an increase of 5.9% from 03/31/2017 to 06/30/2017. Janney Montgomery Scott LLC claims 2,999 shares valued at $257,000. The total value of its holdings increased 6.6%. As of the end of the quarter Mraz, Amerine & Associates, Inc.
had disposed of a total of 16 shares trimming its holdings by 0.6%. The value of the total investment in Liberty Broadband Corporation decreased from $222,000 to $211,000 a change of $11,000 quarter over quarter. August 12 investment analysts at Deutsche Bank left the company rating at “Buy” but raised the price expectation to $80.00 from $68.00. On November 18 Deutsche Bank made no change to the stock rating of “Buy” and raised the price target from $67.00 to $68.00. November 16 investment analysts at Deutsche Bank made no change to the company rating of “Buy” and raised the price expectation from $67.00 to $68.00.
Equity analyst Deutsche Bank started coverage with a rating of “Buy” and projecting a price target of $67.00. Wunderlich began coverage with an initial rating of “Buy” and setting a price target of $72.00. The P/E ratio is 17.50 and market capitalization is 17.03B.
As of the latest earnings report the EPS was $5.35 and is projected to be $0.06 for the current year with 181,816,000 shares outstanding.
Analysts expect next quarter’s EPS will be $0.06 with next year’s EPS projected to be $0.88.